This metric calculates how much you’ve saved by spending. Avoided cost is an estimated saving based on preventative measures. Maximum capacity – Actual Output = Opportunity Gapģ. The opportunity gap is, “the difference between what an asset is capable of producing and what it actually produces.” To calculate the opportunity gap KPI, subtract maximum capacity from the actual output. Opportunity gap is a metric related to asset utilization. Divide actual output by maximum capacity and multiply the result by 100 to calculate asset utilization.Īsset Utilization = (Actual Output/Maximum Capacity) x 100Ģ. To complete this calculation, you’ll need to know both actual output and maximum capacity. Asset utilization is a metric used to understand efficiency. The goal of this post is to explain how to calculate 34 manufacturing KPIs:ġ. Together, the sum of these KPIs tells a story about the performance of the line, plant, and/or company. Manufacturing KPIs can highlight progress towards goals set at various levels of a company. Key performance indicators (KPIs) are calculations that help someone answer the question “How is X doing?”.
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