10 Metrics and KPIs Dashboard for Manufacturing Business

In manufacturing, every second counts. 

A single delay, machine breakdown, or inefficiency can derail production, increase costs, and hurt profitability. 

That’s why top manufacturers rely on KPI dashboards—the ultimate tool for tracking performance, spotting bottlenecks, and making real-time, data-driven decisions.

Instead of waiting for reports, manufacturers can see issues as they happen, optimize workflows, and stay ahead of costly problems before they escalate.

But with dozens of potential metrics, which ones actually matter?

In this guide, I’ll break down 10 must-track manufacturing KPIs that drive efficiency, cut downtime, and boost profitability. 

10 Metrics and KPIs Dashboard for Manufacturing Business

A well-structured KPI dashboard provides real-time insights, helping businesses optimize production and minimize downtime. 

Here are 10 essential manufacturing metrics to monitor:

1. Overall Equipment Effectiveness (OEE)

2. Production Downtime

3. Cycle Time

4. First Pass Yield (FPY)

5. Scrap Rate

6. Inventory Turnover

7. Capacity Utilization

8. On-Time Delivery Rate

9. Maintenance Cost Per Unit

10. Revenue Per Employee

Each of these KPIs plays a crucial role in improving manufacturing performance. Let’s dive into their details.

1. Overall Equipment Effectiveness (OEE)

OEE is the gold standard for measuring manufacturing efficiency.

It evaluates how well equipment is performing by considering availability, performance, and quality.

Formula For OEE

• Availability = Operating Time / Planned Production Time

• Performance = (Total Units Produced × Ideal Cycle Time) / Operating Time

• Quality = Good Units Produced / Total Units Produced

Why It Matters

• It identifies bottlenecks in production.

• It helps reduce downtime and optimize machine usage.

• It improves product quality by tracking defects and rework.

Real-World Dashboard Insights

• Live machine status (Running, Idle, Downtime)

• OEE trends over time (Daily, Weekly, Monthly)

• Top reasons for equipment inefficiency

• Quality control insights (defect rates, first-pass yield)

2. Production Downtime

Production downtime measures the total time a machine or production line is inactive due to breakdowns, maintenance, or changeovers. 

High downtime directly impacts productivity and profitability.

Formula For Production Downtime

Why It Matters

• It Highlights the major causes of inefficiency in manufacturing.

• They help in scheduling preventive maintenance to reduce unexpected failures.

• It also serves to reduce lost production time, improving overall output.

Real-World Dashboard Insights

• Downtime trends (Daily, Weekly, Monthly)

• Breakdown frequency and root causes

• Scheduled vs. unscheduled downtime

• Machine-wise downtime comparison

3. Cycle Time

Cycle time measures the total time required to produce one unit from start to finish.

It includes processing, waiting, and handling time, making it a critical indicator of production speed and efficiency.

Formula

Why It Matters

• It helps in identifying bottlenecks in the production process.

• It improves workflow efficiency by reducing unnecessary delays.

• The Cycle time metric enables better production planning to meet demand.

Real-World Dashboard Insights

• Real-time cycle time tracking for different production stages

• Comparison of actual vs. target cycle time

• Cycle time breakdown by machine, product type, or shift

• Historical trends to spot inefficiencies

4. First Pass Yield (FPY)

First Pass Yield (FPY) measures the percentage of products that meet quality standards without requiring rework or repairs.

It indicates how efficient the production process is at delivering defect-free products the first time.

Formula

Why It Matters

• Reduces rework costs and material waste.

• Improves customer satisfaction by ensuring high product quality.

• Identifies process inefficiencies affecting production quality.

Real-World Dashboard Insights

• FPY trends over time (Daily, Weekly, Monthly)

• Comparison of FPY across machines, shifts, or product types

• Root cause analysis of defects and quality failures

• Correlation with other KPIs (OEE, Scrap Rate, Downtime)

5. Scrap Rate

Scrap Rate measures the percentage of materials or products that cannot be reworked or used due to defects.

It is a key metric for assessing waste levels and production efficiency.

Formula

Why It Matters

• Helps identify inefficiencies in the manufacturing process.

• Reduces material waste and production costs.

• Improves overall product quality and yield.

Real-World Dashboard Insights

• Scrap Rate trends by shift, machine, or product line

• Defect root cause analysis to identify recurring issues

• Comparison of actual vs. target Scrap Rate

• Cost impact of scrap on profitability

6. Inventory Turnover

Inventory Turnover measures how efficiently a manufacturing business sells and replaces its inventory over a given period.

A high turnover indicates strong sales and efficient inventory management, while a low turnover may suggest overstocking or slow-moving products.

Formula

Why It Matters

• Reduces holding costs and prevents excess stock.

• Improves cash flow by ensuring faster inventory movement.

• Helps align production with demand for better supply chain management.

Real-World Dashboard Insights

• Real-time inventory levels across warehouses and production lines

• Turnover trends by product category or season

• Alerts for slow-moving or excess inventory

• Correlation with sales performance and demand forecasting

7. Capacity Utilization

Capacity Utilization measures the percentage of a manufacturing facility's total production capacity that is being used.

It helps businesses understand if they are maximizing resources or operating below potential.

Formula

Why It Matters

• Ensures optimal use of machinery and workforce.

• Helps identify underutilized resources or production bottlenecks.

• Guides investment decisions on scaling production capacity.

Real-World Dashboard Insights

• Real-time capacity usage by production line or facility

• Trends in utilization over time (Daily, Weekly, Monthly)

• Comparison of actual vs. target capacity utilization

• Alerts for overloaded or underutilized machines

8. On-Time Delivery Rate

On-Time Delivery Rate measures the percentage of customer orders that are delivered on or before the promised date. It is a critical KPI for customer satisfaction and supply chain efficiency.

Formula

Why It Matters

• Enhances customer satisfaction and trust.

• Identifies bottlenecks in production or logistics.

• Reduces penalties or fines due to late deliveries.

Real-World Dashboard Insights

• On-time vs. late shipments trends

• Delivery performance by product line or region

• Root cause analysis of delays (production, inventory, logistics)

• Correlation with inventory levels and order processing times

9. Maintenance Cost Per Unit

Maintenance Cost Per Unit measures the total maintenance expenses incurred per unit of production.

It helps manufacturers assess the cost-effectiveness of equipment maintenance and identify opportunities for cost reduction.

Formula

Why It Matters

• Helps track preventive vs. reactive maintenance costs.

• Reduces unexpected breakdowns and costly emergency repairs.

• Improves overall cost-efficiency in production.

Real-World Dashboard Insights

• Trends in maintenance expenses over time

• Comparison of planned vs. unplanned maintenance costs

• Breakdown of maintenance costs per machine or production line

• Correlation with downtime and equipment failures

10. Revenue Per Employee

Revenue Per Employee measures the average amount of revenue generated per worker in a manufacturing business.

It helps assess workforce productivity and overall operational efficiency.

Formula

Why It Matters

• It helps evaluate labor efficiency and workforce contribution.

• It Identifies areas for automation or workforce optimization.

• It supports scaling decisions by balancing labor costs and revenue.

Real-World Dashboard Insights

• Revenue per employee trends over time

• Comparison across departments, shifts, or locations

• Correlation between workforce size and production output

How to Use a KPI Dashboard for Manufacturing

Here’s how to use a KPI dashboard effectively for your manufacturing business:

🚀 Why This Works?

• Makes it easy to scan and apply key insights.

• Provides real-world examples of relevant KPIs.

• Aligns each action with a clear business impact.

1. Monitor Performance in Real-Time

The main advantage of a KPI dashboard is its ability to provide live updates. 

Instead of waiting for manual reports, the dashboard automatically refreshes to give you the latest data, allowing you to track key metrics as they happen.

• Keep an eye on important KPIs like machine status, production volume, and downtime.

• Real-time data helps you detect issues such as unexpected downtime, slow production, or quality problems immediately, so you can take action before they affect your business.

2. Customize Metrics Based on Your Goals

Each manufacturing operation is unique, so your KPI dashboard should reflect your specific goals and needs.

• Choose metrics that are most important for your business. For example, if you’re focused on reducing waste, track scrap rate or defect rates more than others.

• Different team members need different data so adjust accordingly. A production line worker might need to see machine status, while a manager might focus on overall production performance.

3. Create Alerts for Quick Action

Set up alerts and notifications for when KPIs fall outside of expected ranges.

• When a metric goes above or below a threshold, your dashboard can send an alert to the appropriate team members. For example, if downtime exceeds a set limit, an automatic alert will notify the manager.

• Alerts help you respond quickly to problems, preventing small issues from turning into larger, more expensive ones.

4. Visualize Data for Easy Understanding

A well-designed dashboard uses visual elements like graphs, charts, and gauges to make data easy to understand at a glance.

• Use color-coded charts to highlight areas that need attention, such as production delays or quality issues.

• Show trends over time (daily, weekly, or monthly) to help identify patterns in your performance. For instance, you can track OEE trends to see how machine performance improves or declines over time.

5. Share Insights Across Teams

KPI dashboards are most effective when shared with everyone in your organization.

• Make sure your dashboard is accessible to all relevant teams—production workers, supervisors, and management. Each team can then use the dashboard to monitor and act on their part of the operation.

• Sharing data empowers teams to make decisions based on accurate, real-time information, which can improve overall performance.

A KPI dashboard helps track manufacturing performance, but common mistakes can reduce its effectiveness. If not used properly, it can lead to confusing data, poor decisions, and missed improvements.

Here are key pitfalls to avoid and how to fix them for better results.

What NOT to Do When Using a KPI Dashboard for Manufacturing

Why This Works?

• Prevents common dashboard mistakes that reduce effectiveness.

• Gives actionable fixes to improve data accuracy and usability.

• Ensures that KPI tracking leads to measurable business improvements.

Conclusion: Efficiency with the Right KPI Dashboard

Manufacturing KPIs isn’t about simply tracking numbers; it’s about making every number work for you. 

Tracking the right KPIs gives you a clear, comprehensive view of your operations.

This enables you to optimize, streamline, and scale with precision, keeping you ahead of the competition and helping you avoid costly pitfalls.

But the real challenge isn’t just tracking metrics—it’s ensuring your team can act on the insights.

So, what's the next step? 

You’re just one dashboard away from improving your operations.

If you want an easier way to track your manufacturing KPIs and metrics, Upsolve AI can help.

With its AI-powered platform, you can embed real-time, actionable insights into your daily workflow—without the hassle of manual reports or clunky systems. 

Try Upsolve AI today and take control of your manufacturing performance!