Published On January 11, 2022 | 5 Min Read
As a Maintenance Manager to review the performance of a department of your organization, you need to refer to the maintenance Key Performance Indicator(KPI) and also to the metrics that provide the performance report related to maintenance. A manager can never obtain a holistic idea about the performance of his maintenance team manually. A continuous action, performance and efficiency of the maintenance team can be measured by using KPI and its metrics.
Calculating the KPI metrics would guide you to measure consistency in performance and identify areas of improvement. The trend of maintenance analysis has evolved over the last ten years. Advanced technologies help in data analytics and interpretation enabling effective decision making. New maintenance metrics have come up like Overall Equipment Effectiveness(OEE), Mean Time to Repair(MTTR), Mean Time to Failure (MTTF), Mean Time Between Failures (MTBF) etc.. Every industry use all these metrics for measurement purposes. If an organization have proper data then only management can take decisions like, employ additional technicians or increase work frequency.
Maintenance department of every organization has a purpose to have a productive work environment in order to attain the business goal of the organization. You can focus on the objectives related to maintenance by using KPI for measuring performance. It is a quantitative parameter that determines the progress of an organization to attain its key maintenance goal over a certain period of time. Therefore the main objective of using KPI is to curtail costs, increasing uptime of the equipment and to attain an improved performance of maintenance. It gives a directional view regarding operational maintenance. Also comprises strategic metrics that help in attaining operational excellence.
Three common KPI metrics that provide information regarding the improvement of your maintenance strategy are:
Mean Time to Failure (MTTF) – Failure rate can be predicted using this metric as the average life time of an asset can be measured. You can also calculate the rate of failure of non-repairable and replaceable assets using MTTF.
MTTF = Total assets lifespan / Total no. of assets
Mean Time To Repair (MTTR) – The time taken to repair an asset after failure and then making it operational can be measured by MTTR. It gives an idea about the time taken by your company to respond to an unforeseen issue.
MTTR = Total time required for repairing / No. of repairs done
Mean Time Between Failures (MTBF) – This metrics helps to predict the mean time taken between failures of a repairable system. It is an important metric to track reliability.
MTBF = Total lifespan of assets / no. of failures occurred
The KPI maintenance metrics make the operation of an organization better in areas that are most important for a successful business. The 5 important ways by which KPI performance report can help an organization are:
Let us see how DreamzCMMS shows the KPI by generating various reports of maintenance activities. Here are some of the reports in focus:
Reduce upto 20% on labor and parts through efficient labor and parts planning20% Cost savings Learn More
Proper utilization of assets leading to increased asset useful life with scheduled and preventive maintenanceSave 15% on Maintenance Learn More
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