Key Performance Indicators - KPI for Manufacturing Industries | Mainly Cement Industry
A structured explanation for each KPI, in the following format: Definition (in simple terms) Formula for Calculation Why Track It (advantages/benefits) Additional Notes (contextual use, interpretation, benchmarking, etc.) Please note: This is the second list of KPIs. First and the main list is here: https://www.cementbook.com/downloads/tech/gen/fls_kpi_handbook.pdf 1. Utilization Factor Definition: Utilization Factor indicates how effectively the installed capacity of equipment or a plant is used over a period. It shows the actual operating time as a percentage of the total available time. Formula for Calculation: Utilization Factor (%) = ( Actual Running Hours Total Available Hours ) × 100 \text{Utilization Factor (\%)} = \left( \frac{\text{Actual Running Hours}}{\text{Total Available Hours}} \right) \times 100 Why Track It: Helps assess how well plant assets are being used. Identifies under-utilization or bottlene...