Efficiency of metallurgical recovery Empty stop time Empty travel distance Empty travel time Exploration costs Finding and development costs Flitch Fuel (gallons/hour) Gross refining margin Incident rate (accidents, etc.) per x hours Lifting costs Loaded stop time Loaded travel distance Loaded travel ...
Using GPS tracking software, HVAC companies can measure the logistical efficiency of their HVAC operation, which is an essential performance indicator. For example, dispatching one of your technicians to Waco, TX, on the same day they have additional jobs in Southlake and Bedford, TX, is ineffici...
Fuel is one of the top three expenses for the fleet business and improving fuel economy is a matter of both cost saving and environmental impact. Metrics such as kilometers per litre, engine idling time, unauthorized stoppage are important for monitoring fuel consumption and efficiency. Data based...
In today’s competitive landscape, controlling costs and maximizing efficiency are essential for long-term success. By wielding these metrics like a financial warrior’s sword, you can uncover hidden expenses, streamline processes, and make informed decisions that fuel profitability. This subchapter ...
speed. It is no longer just about increasing fuel efficiency overall but also about how companies can increase efficiency while keeping emissions low. To reach this goal, different key figures need to be monitored closely and appropriate measures initiated if the need for action has been identified...
19. Safety (Number of Reportable Injuries, Accidents, or Fatalities) –These KPIs enforce a sense of responsibility in the workforce and ensure adherence to safety protocols. It’s important for the leadership team to closely track and review the safety metrics to minimize damages to people, prod...
Safety incident rate- As described for power generation. Customer minutes lost- Total minutes of customer service interruptions annually due to planned and unplanned outages. Lower is better service reliability. These KPIs provide operations managers with visibility into the delivery efficiency, network re...
Fuel, load, permits, freight expenditures, insurance, after-hours deliveries, points of contact, etc., are important factors to keep an eye on, as they’re often areas where you can improve efficiency and eliminate costs. Integrating a KPI to measure the amount, frequency, and consistency of...
How to use:Evaluate different revenue segments, such as geographies, subsidies, and more. This KPI is often used to compare with companies within the same industry. It gives a strong signal for evaluating the workforce efficiency and productivity levels—the higher the amount, the greater the pro...
For the “Sustainability” theme there can be 2 goals: Goal: Improve operational efficiency and effectiveness Aligned leading indicators: Reserves replacement ratio (%) Gross average production (mboe/d) Plant availability (%) Finding Cost and Development Cost (per boe) ...