Lean metrics are a collection of key performance indicators that help organizations compare their results towards achieving their lean goals and drive continuous optimization. The focus of lean metrics is not only on evaluating effectiveness but also on using data to spot potential bottlenecks and implementing changes to improve processes.
One of the primary benefits of lean metrics is that they provide a clear understanding of an organization's capability and capacity. By tracking metrics such as lead time, iso consulting services firm inventory turnover, and cycle time, organizations can locate areas for optimization. For example, a high lead time may indicate that there are unnecessary steps in a process or that materials are taking too long to move through the supply chain.
Another important benefit of lean metrics is that they enable organizations to measure the effectiveness of initiatives.
