The ROI of Improving First Time Yield: Manufacturing Whitepaper Series
When it comes to manufacturing, one of the most commonly used metrics is the production yield, i.e. the number of good parts produced divided by the total number of parts started in production. But yield on its own can be deceiving if parts can be re-worked or re-tested.
For example a 98% yield may sound great, but if 90% of the parts require some amount of re-work, the manufacturing process may actually be very inefficient. In situations like this a better metric is the First Time Yield (FTY).
The simplest way to demonstrate the importance of FTY is by exploring a quick example that illustrates how even small improvements in first time yield can produce very large savings in your product costs. Read on to learn more.