Performance Dashboards: Operational Measures

We’re talking about performance dashboards and what to measure in your small business. We’re looking for the most important performance measures in the operations of the company.   

Operational Efficiency

Operational efficiency measures typically are thought to apply only to a manufacturing or fabrication type operation.  However, most businesses will have some type activities that when measured, indicate how efficiently they run their business.  Again, the specific measures that you choose will be dependent on your individual business, but here are some potential measurement ideas:

• Manufacturing Efficiency
• Raw Material Usage
• Scrap Rates
• Labor Hours per Unit
• Utility Usage
• Lost Time Accidents
• Transportation Costs
• Inventory Turns
• Monthly Closing Days
• Job Efficiency
• Operating Efficiency
• Vacancy Percent
• Job Cost Turnaround
• Billing Days

Do you have other operational related measures that small business owners should measure?

Leave a comment with your suggestions. If you need help setting up performance dashboards for your business, give us a call.


Connect with Chris on  Google+  LinkedIn  Twitter