Data is Critical to Your In-plant’s Survival
Decision-makers are now facing difficult choices for continuing business operations, adjusting revenue expectations for the year, and evaluating costs to meet their forecasts. Now more than ever, in-plants must identify key performance indicators (KPIs) and start collecting the underlying data.
In a new blog on the Rochester Software Associates site, Ryan McAbee, director for Keypoint Intelligence, advises in-plants to be diligent about collecting data, and then leverage it to justify their existence and highlight their value.
“In-plants should be evaluating their financial and operational KPIs more frequently because of recent business disruptions,” McAbee writes. “As an in-plant, understanding your numbers will be more critical than ever as your parent organization adjusts the forecast and its business plan for the foreseeable future.”
He offers tips to help managers determine which KPIs are most important in their organizations and discusses data collection frequency and tools. Learn more by reading the full blog here.