Key Features and Benefits of Production Dashboard for Manufacturing
Your manufacturing company faces many challenges in terms of increasing competition, changing requirements, and prevalence of stringent regulations. Moreover, you need to make insightful decisions in real time to maintain operational efficiency and gaining a competitive edge. You can get assistance from corporate data to meet all these objectives, and the production dashboard is designed to serve this purpose effectively.
This post talks about the role of a production dashboard for manufacturing companies and how it benefits your business to grow.
Let’s start with understanding the production dashboard.
Importance of Production Dashboard for Manufacturers
As mentioned above, data is the backbone of modern manufacturing companies. Whether you want to bring automation or implement Industry 4.0 practices, accurate data analysis can play a vital role. Here, a production dashboard for manufacturing industry can lend a helping hand for you. It serves as a centralized platform for seeing key insights based on data analytics and interpretation in real time.
A specialized production dashboard has many features to facilitate data-driven decision-making and streamlining daily operations. Your manufacturing company can easily monitor and manage the data flow using this dashboard. Let’s go through some of the top features of a production dashboard for manufacturers.
Key Features of a Production Dashboard
This dashboard gives real-time insights into production processes to facilitate decision-making for manufacturers. Here are the major features of a production dashboard-
Production Output
It tracks the quantity of manufactured products over a specific period helping your company to assess its production capacity and performance.
Production Forecast
It can predict future production levels on the basis of historical data, demand prediction, and market trends.
Quality Control
This feature is useful for monitoring and ensuring that the finished product meets quality standards and capable of satisfying customers.
Efficiency Metrics
It evaluates efficiency of your workforce and equipment by measuring OEE (Overall Equipment Effectiveness) and labor productivity.
Workforce Productivity
It assesses the productivity of your workforce and measure KPIs including labor hours and overall production output.
Supply Chain Integration
It acts as a bridge between the production process and the supply chain thereby ensuring a seamless flow of raw materials.
Lead Time Analysis
This feature analyzes the duration of production process and assist manufacturers to identify bottlenecks and areas for improvement.
Resource Allocation
It involves processes related to effective resource allocation in labor, materials, and machinery to optimize production output.
Apart from these features, some advanced and robust production dashboards have features like equipment health with maintenance and energy consumption. These dashboards offer many benefits to the sector.
Top Benefits of Production Dashboard for Manufacturing Companies
An advanced production dashboard has many benefits to offer for the manufacturing sector. Here we mention some of these benefits-
Enhanced Operational Visibility
Production dashboards show a comprehensive view of production processes with KPIs like output, efficiency, and quality metrics in real time. Such operational visibility is useful for making informed decisions and implement various measures.
Increased Productivity and Efficiency
It is possible to identify shortcomings and areas of improvement with the help of a feature-rich production dashboard for manufacturing companies. As a result, manufacturers can intervene in real time to improve overall productivity and increase efficiency.
Improved Decision-making
The production dashboard is beneficial for having data-driven insights. You can use them to make informed decisions quickly and optimize resource allocation. This benefit can give a competitive edge to manufacturers.
Optimized Resource Utilization
It is easy to allocate various resources including workforce, raw materials, and equipment with the help of a production dashboard. It optimizes resource utilization reducing operational costs over the period.
Better Supply Chain Management
You can strengthen your supply chains by giving proactive responses to potential disruptions and optimizing inventory levels. You can get more visibility and control on supply chains to maintain the production cycle seamlessly.
Effective Quality Control
Manufacturers can monitor product quality in real time and adhere to prevalent standards. Moreover, effective quality control leads them to minimize defects and manufacturers can increase the customer satisfaction rate.
All you need to select the right production dashboard for your manufacturing company. Here we mention some best practices for implementing this dashboard for leveraging its potential.
Best Practices for Implementing Production Dashboard
The implementation of a production dashboard for manufacturing companies needs a proper planning and a seamless execution. Here are the steps you can consider to unleash the potential of production dashboards-
Step 1 Define Objectives
It starts with identifying core objectives and making a strategy that aligns with your business goals. You need to ensure that the production dashboard has all the KPIs available that can assist your manufacturing company to achieve long-term goals.
Step 2 Integrate Data
This is a crucial step that involves data integration from various sources like production equipment and ERP systems. Moreover, it is imperative to monitor and maintain data quality with the assurance of accessibility in real time.
Step 3 Design Interface
A production dashboard for the manufacturing company requires a user-friendly, intuitive interface that is easy to navigate. You should ensure that all visualizations are clear and concise to showcase the corporate data effectively.
Step 4 Add Features
Another crucial stage is feature integration. A powerful dashboard for manufacturing companies should have all the key metrics and real-time monitoring tools for various processes. You can add features for equipment efficiency and inventory management.
Step 5 Ensure Accessibility
Mobile-based and secured accessibility is essential for the production dashboards. Your dashboard should have a mobile-friendly decision with robust security measures for protecting corporate data.
Step 6 Improve Continuously
You need to make sure that the dashboard gets updated regularly based on the user feedback. Moreover, the dashboard should be capable for addressing evolving needs and meeting ever-changing regulations or standards.
You can consult a right dashboard solutions provider to follow these best practices for implementing the production dashboard successfully.
Concluding Remarks
Production dashboards for manufacturing industry can play a crucial role in increasing productivity and streamlining processes. You can measure KPIs and allocate resources in real time. Moreover, production dashboards help you make insightful decisions and manage supply chains effectively. You can follow the best practices given in this post to gain the competitive edge of a production dashboard for the manufacturing sector.
B1 Analytics Cloud is a renowned and reputed enterprise dashboard provider. Our feature-rich dashboards can help companies across different industry sectors in managing production, sales, inventory, supply chain, and other critical processes. Contact us to learn how our dashboards can assist you to drive growth for your company.
