In general, real time efficiency tracking is exactly what it sounds like: your ability to dive deep into what is going on with your production lines and monitor things as they happen. Rather than waiting for someone to hand you a report at the end of the day, you see what is happening instantly – all so that you can make better and more informed decisions across the board.
Many manufacturers make the mistake of relying exclusively on historical data and reporting and, while this is also telling, only real time efficiency monitoring will bring with it a number of clear advantages that your business simply cannot afford to overlook.
Why Real Time Visibility Matters: Letting the Present Inform the Future
One of the biggest advantages that real time tracking and monitoring brings to the table ultimately comes down to an increased sense of responsibility (not to mention accountability) on behalf of your operators. If you always know exactly how efficient someone is being at a moment’s notice, you know who is already doing their best and who could need a little more guidance. Maybe someone needs a bit of additional training on this one particular machine. Perhaps they need more help becoming invested in your company culture. Regardless, these are the types of issues that you’ll know about immediately – putting you in an excellent position to do something about them right away.
Obviously, one of the main advantages of real time efficiency tracking comes down to how it can help you decrease (and often eliminate) downtime across your company. Keep in mind that when you partner with a downtime tracking and management solution like Thrive, this means that you can track your production line efficiency on an ongoing basis and analyze trends according to shift, line or even SKU. If your downtime issues are a matter of all those micro starts and stops throughout the day adding up to a much greater period than you realized, you’re going to know about it. If it’s a larger problem and you have to optimize assets or prioritize certain types of maintenance over others, you’re going to know about that, too.
In the end, you should remember that yes, historical data is incredibly important – but it’s also just one small part of a much larger story. Equally critical is your ability to take a look at exactly what is going on across your production lines at a moment’s notice. By being able to see exactly what is going on right now, you’ll have a better idea of where you’re headed – and you have better control over that destination as well.
If you’d like to find out more information about how to measure your efficiency in real time and why this is so important to your ongoing success, or if you’d just like to discuss your own needs with someone in a bit more detail, please don’t delay – contact Thrive today.