The Material Handling Blog

In today's data-driven world, organizations rely on KPIs (key performance indicators) to measure their progress towards achieving business objectives. In order to really dig into a company’s metrics, there are two important concepts to grasp when working with KPIs: leading and lagging metrics, and effective targets. By understanding the difference between these types of metrics and how to set appropriate KPI targets, businesses can make informed decisions and drive meaningful improvements.

KPIs are quantifiable metrics used to measure the success of a particular process or system. They are typically tied to specific objectives and goals and are used to track progress over time. KPIs are an essential tool for businesses to measure the effectiveness of their operations, identify areas of improvement and make informed decisions. This includes the material handling and automation industry.

All inbound and outbound warehouse operations such as receiving, putaway, picking or packing, for example, formulate a series of dependent events. These events occur in sequence and are, to some extent, interlinked to the events preceding or following them.

Using lean manufacturing principles to increase efficiency and productivity in warehouse operations by eliminating wasteful, non-value-added components. Read: The 8 Wastes of Lean Manufacturing Applied to Warehouse Operations

For most companies, warehouse efficiency has become a matter of survival versus the profitability goals of a few years ago. Thus, most companies are looking for even more ways to make their day-to-day processes more efficient.