Process performance
metrics are measurements of different process characteristics that tell us how a process
is performing. Operations managers use process performance metrics to determine how a
process is performing and how it is changing overtime. There are many process performance
metrics that focus on different aspects of the process. A basic process performance metric is
throughput time, which is the average amount of time it takes a product to move through the
system. This includes the time someone is working on the product as well as the waiting time. A
lower throughput time means that more products can move through the system. One goal of
process improvement is to reduce throughput time.
Process velocity-ratio of throughput time to value-added time
Productivity-ratio of outputs over inputs
Utilization-ratio of time a resource is used to time it is available for use.
Efficiency-ratio of actual output to standard output