Manufacturing KPI Dashboard Google Sheets Template

A manufacturing KPI Dashboard Google Sheets Template is a well-defined and measurable indicator used by the manufacturing industry to assess its performance over time. You may track all key metrics for manufacturing, production, oee, factory processes.

Manufacturing tasks, in particular, employ OKRs (Objectives and Key Results) and KPIs to monitor, evaluate, and optimize processes, frequently comparing their efficiency to competitors in the same industry.

What’s Manufacturing KPI Dashboard?

KPIs are useful tools for manufacturers to increase speed and quality while lowering costs. Using digital technology to focus on additional adjustments to enhance operations is a recommended practice that is sometimes referred to as industrial transformation.

Moreover, the use of corporate manufacturing information is a critical enabler of today’s digital manufacturing transformation (EMI). ERP packages with sophisticated manufacturing features automate and combine diverse manufacturing and corporate data, which may then be shown in real time via interactive dashboards. This integration of data allows for better decision and efficiency and also enables companies to quickly adapt to changes in the market.

Key Performance Metrics for Manufacturing

Here are some production KPIs in our template:

1. Throughput: One of the most important KPIs for the manufacturing business, as well as one of the most essential. To clarify, the Throughput KPI checks a machine’s, line’s, or plant’s capacity for production, or how much they can produce in a given time period. Throughput = Number of Produced Units / Time (hour or day)
2. Demand Forecasting: Companies use this manufacturing statistic to forecast the number of raw materials they will need to fulfill future customer demand. Customer Demand Forecast = Raw Materials * Production Rate
3. Cash to Cash Cycle Time: This is a time-based manufacturing key performance indicator statistic. It quantifies the time lag between an initial financial outlay for raw materials, inventory, or a manufacturing plant and the receipt of cash from customers for the company’s product. Cash to Cash Cycle Time = Inventory Sale Date – Inventory Purchase Date

You will find more preset KPIs in your spreadsheet. Besides, you may always modify existing metrics or add new ones.

Manufacturing KPI Dashboard Google Sheets Template Sections

Basically, this template is split into two parts, input, and output. In the first sheet, you can see the Navigation Menu, which is useful for transferring between sheets and getting an overall view of the foundation. Let’s check the other sheets in detail:

1. Defining Metrics in Manufacturing KPI Dashboard Template

Firstly, you can add your metrics here along with their category, unit, and even a brief description of each metric. This serves as the template’s basis. As a result, to more clearly define your goals, always consult with your team, find out their opinions, and strive for extreme detail in this section.

2. Actual and Target Values from the Current and Previous Years Actual:

Secondly, the KPI Dashboard Google Sheets Template calculates the current year actual, current year target, and previous year actual cumulative figures after you add the results for each month to the sheet.

3. Monthly Analysis:

Furthermore, select Month in this section to compare monthly and cumulative results. The results of your monthly metrics are available in 3 different colors.

4. KPI Analysis:

Finally, here is an all-inclusive tool for managers who wish to display KPI and metrics results over time. Also, you can Simply choose your KPI to gain access to 3 different types of charts.

Meanwhile, all you need is an internet connection and a Google account to get started. And everything will be in sync!

Manufacturing KPI Dashboard Google Sheets Template Features Summary:

• Measuring success metrics of manufacturing on Google Sheets
• Monitor each metric on a monthly basis
• Ready-to-print
• Informational notes included
• Ready-to-use
• Works on any operating system
• Suitable for any device including mobile, tablet, desktop