What is load factor analysis in manufacturing?
Load factor analysis in manufacturing measures the efficiency of production processes by comparing actual output to potential output.
Why is load factor analysis important?
It's important because it helps identify inefficiencies, optimize resource allocation, and improve overall productivity.
How can I perform a load factor analysis?
You can perform it by collecting data on production capacity, actual output, and then calculating the load factor using the formula: Load Factor = Actual Output / Potential Output.
What tools can assist in load factor analysis?
Tools like ERP systems, data analytics software, and specialized manufacturing analysis tools can assist in load factor analysis.
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