What is KPI???
A Key Performance Indicator is a measurable
value that demonstrates how effectively a
company is achieving key business objectives.
Organizations use KPIs at multiple levels to
evaluate their success at reaching targets.
High-level KPIs may focus on the overall
performance of the enterprise, while low-level
KPIs may focus on processes in departments
such as sales, marketing.
• Improve personnel’s understanding of KPIs.
• Improve personnel’s awareness of maintenance
performance.
Objectives of KPI
+ =
Characteristics of a good KPI
KPI is always connected with the corporate
goals.
A KPI are decided by the management.
They are the leading indicators of performance
desired by the organization.
Easy to understand
A KPI need to be:
Specific
Measurable
Achievable
Result-oriented or Relevant
Time-bound
KPI w.r.t Employees
Employee Turnover Rate (ETR)
Percentage Of Response To Open
Positions
Employee Satisfaction
KPI w.r.t Manager
Profit
Cost
Sales By Region
Expenses Vs. Budget
Customer Lifetime Value (CLV)
Number Of Customers
KPI w.r.t Department
No. and type of maintenance required
No. of orders delayed due to stock out
Mean time to repair
Mean time between failure
% Availability of equipments