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| | * '''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 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. | | * '''Asset Yield''' = The ability to qualitatively utilize the asset to produce results within specifications. Consider good output as a percentage of total output. |
| − | ===Metrics===
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| | The following metrics have been identified as strategic and diagnostic metrics for {{this}}: | | The following metrics have been identified as strategic and diagnostic metrics for {{this}}: |
| | <table class="mh"> | | <table class="mh"> |
Revision as of 19:15, 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.
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.
