KPI for finances
KPI for finances within maintenance is a measure of the financial performance of an organisation's maintenance function. It is an important metric for organisations to track, as the maintenance function has a significant impact on the overall financial performance of the organisation.
By tracking KPI for finances within maintenance over time, organisations will identify trends and areas for improvement in their maintenance practices and financial performance. This will help them optimise maintenance resources, reduce downtime, and improve overall equipment performance.
MAINTENANCE COST VS. OVERALL OUTPUT VALUE
Ratio of total maintenance cost vs. value / volume of output
Maintenance Cost vs. Overall Output Value is a measure of the ratio of total maintenance costs to the value or volume of output within a maintenance department. It is an important metric for organisations to track, as it helps them understand the impact of maintenance costs on their overall financial performance.
A high Maintenance Cost vs. Overall Output Value ratio may indicate that the organisation is incurring high maintenance costs relative to its output. This may be due to inefficient maintenance practices, over-maintenance, or a high frequency of equipment failures.