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CONSUMER PACKAGED GOODS (CPG) BENCHMARK STUDY REVEALS IMPORTANT INSIGHT FOR MANUFACTURING PERFORMANCE
Operational business intelligence (BI) and manufacturing performance management data used to uncover strategies of top performing companies.
REDWOOD CITY, CA - Best-in-class consumer packaged goods manufacturers outpace
their peers in operational metrics such as changeover, overall equipment
effectiveness (OEE), and operational availability, according to a report
published by Informance International, a leader in Enterprise Manufacturing
Intelligence (EMI). The six-month study of 220 worldwide consumer goods
packaging lines uncovered substantial gaps in performance for manufacturers
that have granular, real-time visibility and measurement of key metrics versus
those that do not.
The study revealed that high performance consumer packaged goods enterprises outpace laggard performers in:
- Changeover time by nearly 300% (294%),
- Overall equipment effectiveness by 182%, and
- Number of minor stops per hour by 214% (3.7 minor stops versus 7.9 for laggards)
"Consumer products companies are acutely aware of their performance limitations,"
according to Lora Cecere and Alison Smith, senior analysts with AMR Research.
"Today's enterprise is focused on replicating the best practices identified
across the broader enterprise and, armed with that, be able to respond to
demand in a profitable and agile manner."
Lora Cecere & Alison Smith,
"Consumer Products Manufacturing: In Search of Operations Excellence,"
AMR Article, September 21, 2007, AMR Research Boston, MA; http://www.amrresearch.com/Content/View.asp?pmillid=20722.
Informance benchmark studies are unique because researchers use many months
of real-time manufacturing performance data aggregated using the Informance
Enterprise Manufacturing Intelligence platform. The highly granular and rich
real-time nature of Informance EMI adds a new dimension for external and internal
benchmarking initiatives.
"Companies that can benchmark their manufacturing performance against their
own and other manufacturing industries have the ability to adapt strategies of
best-in-class performers for their own business," comments John Oskin, executive vice president
of Informance, and principle author of the benchmark. "They can use these
insights and direction to launch or expand operational improvement initiatives."
To read the executive summary of this report, visit www.Informance.com/CPG.
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