Measurement

  • Cut Your Bottom 10%: Using an ABC Analysis to Find Your Lowest Performers

    • November 13, 2016
    • Posted by: David Marshall
    • Category: Measurement, Productivity
    No Comments

    If you’re familiar with the Pareto principle, and use it in some of your business decision making, maybe you should be familiar with the ABC Analysis. The ABC Analysis is an offshoot of the Pareto principle, and is useful in identifying the successes in your business. Let me explain. The Pareto principle — also called

    read more

  • Understand Your Company’s Process to Set Goals and Objectives:

    • October 17, 2016
    • Posted by: David Marshall
    • Category: Manufacturing, Measurement
    No Comments
    nstead, we need to measure different aspects of a plant's work on a minute-by-minute basis, including parts produced, associate productivity, and so on. This is all part of the plant workflow.

    Previously, I discussed the importance of companies and their employees setting definite, measurable goals and objectives as a way to measure their productivity, progress, and improved skills. I said that basic goals like “improve sales” are too generic to actually be useful. A better goal would be to “Improve current sales revenue by 10 percent

    read more

  • Improving Culture = Increased Productivity

    • August 25, 2016
    • Posted by: David Marshall
    • Category: Business, Measurement
    No Comments
    Fancy line graph on world map. Increased productivity doesn't always mean working faster, it means solving problems upstream.

    At one point I found out that 40% of all our invoices that were sent to customers came back as debit memos. That means there was something wrong with it, and it needed to be fixed on our end. If we wanted increased productivity in the back office, we had to figure out why this

    read more