It's no secret that improving inventory turns, increasing throughput, improving utlization, and improving cycle times are just a few areas where small improvements can yield huge financial returns.
For example, industry analysts reports show that:
We've helped our customers attain many operational improvements, including Eureka Lighting, who reduced inventory costs by $2 million (Canadian), including a on-time elimination of $800,000 in obsolete inventory.
For more information on additional metrics, check out this LNS Research article, "28 Manufacturing Metrics that Actually Matter."
*Source: AMR/Gartner Research: