According to a recent Gartner survey 80 percent of manufacturers only measure results. They measure past performance by looking at the results in the financial statements. Even the most diligent Lean Manufacturing Six Sigma Theory of Constraint practitioners do not know what impacted these results, or what is best done to improve going forward.
Too often manufacturing firms, even top-tier operations managers, use company analyses or reports which neglect to ask why outcomes failed. There is attention paid to all variables evenly and equally rather than discerning which area of an industrial business needs most attention to improve profit. A modern, data-driven business must look at the current state and move to a healthy and dynamic future state. It defines business intelligence.
Author: Søren Block Olsen