Analysis of a model for key performance indicators in an SME assembly line

Small and Medium Enterprises (SMEs) are a crucial part of European economy, in fact, 99% of the manufacturing business in Europe are SMEs, which makes European economic performance directly linked to the performance of its SMEs. Key performance indicators (KPIs) are crucial in today´s management of SMEs. In this paper, we analyze a proposed model from the Future SME project of the 7th Framework Programme to drive KPIs on SMEs. We study the model applied on an assembly line and propose improvements to the model, as well as recommend future areas of development for such model aiming to improve the control over the KPIs.