Lean metrics are a collection of key performance indicators that help organizations track their progress towards achieving their lean goals and drive continuous optimization. The focus of lean metrics is not only on measuring performance but also on using data to find opportunities for growth 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 efficiency and productivity. By tracking metrics such as lead time, inventory turnover, and cycle time, organizations can identify bottlenecks and opportunities for improvement. For example, a high lead time may indicate that there are unnecessary steps in a process optimization an waste reduction 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 quantify the impact of changes.
