KPIs

Perfect Operation%

The percentage of operations that are completed without any delay or issue. The percentage can be calculated using this formula: (Perfect Ops / Total Ops) *100

Labor Cost Variance

The difference between actual and planned labor cost. The difference in labor cost can be calculated using this formula: Actual Labor - Planned Labor

Machine Overhead Cost Variance

The difference in machine overhead cost. The difference in cost can be calculated using this formula: Actual Machine OH - Planned Machine OH

Labor Overhead Cost Variance

The difference in labor overhead cost.

The difference in cost can be calculated using this formula: Actual Labor OH - Planned Labor OH

Machine Utilization%

The percentage of available machine capacity that is used during a specific period. The percentage of capacity can be calculated using this formula: (Actual Run Time / Available Time) *100

Labour Efficiency%

The difference between actual labor hours and standard labor hours for a defined operation or period. The difference in hours can be calculated using this formula: (Standard Hours / Actual Hours) *100