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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.
AE
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Compare also to other performance [[Attribute]]s: [[m:AD]], [[m:CO]], [[m:DP]], [[m:RS]], [[m:SD]]. | Compare also to other performance [[Attribute]]s: [[m:AD]], [[m:CO]], [[m:DP]], [[m:RS]], [[m:SD]]. | ||
Revision as of 00:16, 8 February 2023
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:
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Compare also to other performance Attributes: Adaptability, Cost, Dependability, Responsiveness, Sustainability.
Community Importance Rating: