A key performance indicator can be measured, and it usually tells how a business is adhering to its intended business model and strategies. The word “intended’ actually emphasizes how a business should choose relevant and effective measurements that directly or indirectly reflect the level of success in meeting its goals. A business must take into account three important questions while developing KPIs –

  • What is the best way to measure performance?
  • What absolutely must be done right?
  • What data is most pertinent to decision support?

As part of IIOT Industry 4.0 application, Utthunga Technologies, by virtue of its domain knowledge, can implement KPI managers for customers across industries. Implementation by us will include the supply of KPI manager application hardware, software, design, engineering and implementation.

It should be noted that, the mere development of a relevant KPI does not make the business successful. Effective implementation is very necessary and measuring aspects alone are not enough to yield success. The data related to KPIs should act as an essential guide for strategic decision making and not just be considered as a hard benchmark for performance.

Generally, in a manufacturing plant, the KPI implementation is carried out in a single phase. Practically, there is no dearth of performance related data in any industry and it is a given fact. The various sources of data can be the DCS of the processing units, Plant data archiving system, quality control database, plant automation systems, equipment health related systems, Environmental performance data, data on financial performance, business related data in the ERP and data available in personalized/legacy system.

The best way forward is to filter out the unwanted information and to ensure that appropriate and relevant KPIs are available to their intended audience. There can be scope for a holistic approach with globally strategic KPIs as a result of the global strategic planning or even regional, local or a product specific KPIs.

For manufacturing industry, the KPIs are usually classified under the following sub headings:

  • Business KPI
  • Process KPI
  • Production KPI
  • Equipment KPI
  • Inventory KPI
  • Quality KPI
  • Energy KPI
  • Maintenance KPI
  • HSE KPI

Recent Posts

  • Industry 4.0
  • April 28, 2021
  • 3 Minutes Read

How IO-Link Protocol enhances Factory Automation and Benefits End Industries?

The current wave of the industrial revolution, also known as the Industrie 4.0, has proven to improve the production process in various aspects. To realize the promised benefits, a strong communication protocol that allows semantic interoperability among interconnected devices is needed. In manufacturing industries where processes are greatly dependent on the industrial sensors and actuators, […]

Read more

  • Sensor
  • April 12, 2021
  • 3 Minutes Read

Energy Harvesting in Wireless Sensor Network

Introduction Wired sensors connected to control systems via industrial communication protocols like HART or even a simple 4–20 mA loop take up the required energy supplied over the cabling. It is estimated that wiring takes up majority of the total sensor installation cost. On the other hand, wireless sensors used for industrial control and automation […]

Read more

  • Simulator
  • March 23, 2021
  • 3 Minutes Read

Role of Protocol Simulators In Product Development And R&D

What are Protocol Simulators? The term “simulator” means “imitator of a situation or a process”. In the digital sense, we can say that a protocol simulator or a network simulator is a computer-generated simulation of a protocol before bringing the product to the market. There is a paradigm shift in industries like industrial OEMs, discrete, […]

Read more

  • Testing
  • March 23, 2021
  • 3 Minutes Read

Smart Test Automation for Desktop/Software Devices For Global Engineering Teams

As the Industrial Internet of Things is taking hold, we are seeing more and more desktop/software electronics being used to build smart devices, machines, and equipment for manufacturing OEMs. These devices are the “things” in IIoT and form a connected ecosystem and are at the core of the digital thread Desktop/software product development, therefore, holds […]

Read more