All of our processes are monitored and reviewed by the Management Review Board (MRB) on a monthly basis. Performance Metrics, including inventory turns, employee productivity, manufacturing material rejections (MRN’s), purchasing MRN’s, customer returns, vendor on-time delivery, vendor days early/late and Versa’s on-time delivery to promise, are all included in the review.
Purchasing is also evaluated on a monthly basis through purchase price variance (PPV) reporting and analysis. Production is evaluated on direct versus indirect labor expense and rate versus production standards. Monitoring all of these indices contributes to our ability to maintain the high standards of quality and value our customers count on and supports our efforts in continuous improvement.