|
|
| Line 136: |
Line 136: |
| | |description=The ability to optimally utilize assets in support of generating revenue or performing a task. | | |description=The ability to optimally utilize assets in support of generating revenue or performing a task. |
| | }} | | }} |
| − | [[Category:Attribute]][[Category:Metric]] | + | [[Category:Attribute]] |
Revision as of 19:05, 9 December 2021
Asset Efficiency is a Performance Attribute describing the ability to optimally utilize assets in support of generating revenue or performing a task. Example assets include: Cash, Inventories, Property, Plant & Equipment. Asset Efficiency has three dimensions:
- Asset Availability = The ability to consistently make the asset available for use. Consider the time an asset is available as a percentage of total time. (uptime/downtime ratios).
- Asset Performance = The ability to effectively utilize the asset during the time it is available. Consider actual output as a percentage of possible output.
- Asset Yield = The ability to qualitatively utilize the asset to produce results within specifications. Consider good output as a percentage of total output.
Metrics
The following metrics have been identified as strategic and diagnostic metrics for Asset Efficiency:
Compare also to other performance Attributes: Adaptability, Cost, Dependability, Responsiveness, Sustainability.
Community Importance
Rating:
Hierarchy
| ID | Name | Level | x | | AE | Asset Efficiency | 0 | AE |
| AE1 | Cash Conversion Cycle | 1 | AE1 |
| AE2 | Fixed Asset Turns | 1 | AE2 |
| AE3 | Overall Equipment Efficiency | 1 | AE3 |
Asset Efficiency 50000 0 Performance, Attribute, Metric, Asset, Efficiency, Inventory, Cash Conversion Cycle, Payables, Receivables The ability to optimally utilize assets in support of generating revenue or performing a task.
