Performance indicators, also called KPIs, are all the data that must be measured to make decisions within a business. Unlike metrics, which are the measurement of any data, to be a performance indicator, it must directly impact a company’s process.
Within the management of equipment maintenance by professionals like Sensor Cylinders Repair in Chicago, IL for example, performance indicators (KPIs) can measure the duration of the useful life of equipment, the cost of the plant, etc. And the analyzes made through these indicators can mean, for example, increased productivity, financial savings, and a reduction of possible decision-making errors.
Equipment Maintenance Criteria
The evaluation of aspects related to the maintenance of hydraulic equipment is done through a set of indicators, which comply with the criteria of efficiency, effectiveness, effectiveness, productivity, and quality. We will talk about each of them below.
Efficiency
Efficiency is related to the scope of programmed actions.
Efficiency
Effectiveness is related to adherence to the actions performed.
Effectiveness
By combining efficiency and effectiveness indicators, we find the effectiveness indicator. In this way, effectiveness is the coherence between the actions performed with the action plan.
Productivity
Productivity is the relationship between the results achieved, with the actions and resources used to achieve them.
Quality
The quality indicator is related to the actions planned and carried out, with the results obtained.
The leading indicators to manage the maintenance of hydraulic equipment
MTBF: Mean Time Between Failures
Do you want to measure the reliability of the equipment? So the MTBF is one of the indicators that you insert in equipment maintenance management. This KPI is the measurement between the total time of good operation and the failures of repairable equipment.
MTTR: Mean Time to Repair
The MTTR is a fundamental indicator for the industry to program during the absence of equipment under maintenance, as it indicates the degree of ease the maintenance partner finds in replacing equipment in conditions to perform its functions after a failure.
Availability
Availability is a piece of equipment’s ability to perform a specific function at a given instant or during a given time interval.
Reliability
The Reliability indicator represents the probability that equipment performs its function in the plant according to the operating conditions and in a specific time interval by the specialist like Cylinders, Inc for example. The reasoning line is similar to that of the Availability indicator. Still, while the first represents the percentage of the period that the equipment remained available, the reliability represents the probability that this equipment will remain available in the future.
