The KPIs of industrial maintenance are the performance indicators of your business. Thanks to them, you can determine whether your teams, departments, and projects are efficient and able to achieve their objectives.
At Conception Interal, our computerized maintenance management specialists share their knowledge with you. Discover how to properly identify your KPIs and improve your performance today.
What is a key performance indicator (KPI) of industrial maintenance?
Key performance indicators vary from one company to the next depending on their objectives. For example, one of your objectives could be to reduce the expenses of your departments by 10% or to reduce production costs by 20%. As soon as you attach a number or a percentage to your objective, it becomes a KPI.
How to choose the right industrial maintenance KPIs
To choose the right KPIs, you first have to select the right maintenance indicators. Your indicators must match your business objectives. They will help you modify your way of approaching your intervention management. With the right indicators, you can make a difference in the way you work.
Ask yourself the right questions
Here is a short list of questions to help you identify the right maintenance indicators:
- What is my primary objective?
- Why is this important for my business?
- How can I measure the progress and influence the results?
These questions will help you determine your metrics and your performance indicators. Take the time to speak with your teams, shareholders, and partners to decide on an objective. This will greatly help you identify the industrial maintenance KPIs for your business.
What are the categories of key performance indicators?
Did you know that there are two categories of key performance indicators? There are KPIs (key performance indicators) and KRIs (key results indicators). Although businesses use these terms interchangeably, there are notable differences between these indicators.
Key performance indicators (industrial maintenance KPIs)
Your KPIs are the gauges and measurements used by your business to understand how your teams, departments, and projects are performing compared to their strategic objectives.
Performance indicators (PIs)
Your performance indicators are the measurement indicators that allow you to analyze a performance element in real time.
Key results indicators (KRIs)
KRIs are financial or non-financial key indicators, while KPIs are only non-financial indicators. In addition, KRIs reflect all the activities of multiple teams. As for KPIs, they focus on an activity or the actions of a single team.
In other words, KRIs are used to measure the quantitative results of actions. These indicators exist to help businesses track their progress and achieve their organizational objectives.
Results indicators (RIs)
RIs are your metrics that allow you to analyze quantitative results.
What are the different types of industrial maintenance KPIs?
KPIs vary from one company to the next depending on their objectives. However, there are still a few common categories for maintenance.
The efficiency of the maintenance operations
These industrial maintenance KPIs focus mainly on the efficiency of the maintenance teams, your maintenance projects, and the performance of your assets.
Identifying problematic equipment
By using the right KPIs, you can carry out preventive maintenance operations on your equipment to prevent breakage.
The annual maintenance costs for each piece of equipment
These industrial maintenance KPIs allow you to paint a clear picture of your expenses related to the maintenance of your equipment, so you can plan for or reduce the expenses of your equipment.
The shutdown/breakdown diagnostic tree and the failure mode, effects, and criticality analysis (FMECA)
This is a technique for identifying the failure modes of a product, procedure, or process, known as FMECA. Thanks to industrial maintenance KPIs, you can build this diagnostic tree and analyze the impact of shutdowns or breakdowns on your business.
Downtime and non-production time
Understanding your KPIs also lets you take preventive maintenance actions to avoid unplanned delays.
Inventory management thanks to industrial maintenance KPIs
A good understanding of the KPIs related to inventory also allows you to avoid running out of stock.
The success rate of prevention
An ounce of prevention is worth a pound of cure. Thanks to your industrial maintenance KPIs and your preventive maintenance actions, you ensure that your equipment and your assets are reliable. You will therefore save on maintenance costs and reduce losses related to average downtimes, which are real money siphons for modern companies.
Discover Conception Interal’s CMMS software
Knowing what the KPIs of industrial maintenance are is good. However, you still need to know how to analyze them. Since humans aren’t machines, mistakes are possible. It’s best to entrust this precision work to a computerized maintenance management program.
The benefits of our CMMS software
Conception Interal has many years of experience with maintenance management software. We’re also true leaders in the field, and we offer many types of software tailored to the needs of multiple industries.
Our mission is to offer local businesses tools to improve their productivity and reduce their environmental impact. Our goal is to build strong relationships with our clients on a principle of trust and through the efficiency of our software.
Contact Conception Interal to define your industrial maintenance KPIs
If you have any questions about our CMMS software or to learn more about the KPIs of industrial maintenance, contact us. A maintenance management specialist will take your call and clear up all your doubts.
