KEY PERFORMANCE INDICATOR (KPI’S)
By monitoring and analyzing performance data and comparing them with benchmarks, many sustainable opportunities for improvement can be found, hence plans for cost optimization (Capex) can and should be developed and implemented to be able to operate in this age of competitive profits.
Helping you achieve
your plant goals
Achieve cement production excellence: satisfying the customer’s product and quality needs, optimizing the productive processes, reducing operation costs with responsible environmental and social management.
- Optimize assets performance and availability (Overall Equipment Effectiveness, OEE)
- Minimize Total Maintenance Costs
- Zero accidents and reliable operations for employees, contractors, and neighboring communities.
Key Performance Indicators (KPI’s)
Key Performance Indicators for Strategy Implementation
Key performance indicators (KPI’s) have become commonplace in large and medium-sized companies worldwide. Nevertheless, despite the widespread use of KPI’s, many companies still have not managed to obtain a significant benefit from KPI’s. Frequently, KPI’s are just seen as a tool for measuring performance on an operational level. This approach misses the benefits KPI’s can offer for strategic planning and strategy implementation.
THREE RECOMMENDATIONS FOR KPIs IMPLEMENTATION
- Closely align strategic KPI’s with strategic objectives.
Keep strategic KPI’s relevant to your strategy implementation and your regular strategy review, by making sure, they are relevant and closely linked to a specific strategic objective.
- Integrate KPI’s in a strategic management framework.
You can increase the effectiveness of KPI’s by integrating them in a strategic management framework. One of the most popular frameworks is Balanced Scorecard.
- Apply stringent criteria for selecting your KPI’s.
KPI’s are like torchlight’s used to shine into different corners of your business. Due to limited resources, you cannot shine into every corner. Thus, you should perform a stringent selection of KPI’s based on criteria like relevance to your strategic objectives, balance between forward-looking and backward-looking KPI’s, and comprehensibility of KPI’s.
To know more about KPI’s implementation