Understand the Asset Key Performance Indicators
The Key Performance Indicators (KPIs) gives you a quick, at-a-glance, view of how a particular Asset is doing.
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- Navigate to Assets.
- Click the Show KPI icon.
Going across the top of the screen, the following statistics are:
KPI | Description |
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Asset Failures |
Definition This KPI reflects the count of assets that have open work orders, where these work orders include a work type that uses a Failure Code. On click will filter out the grid accordingly Explanation
Example: If there are 15 assets with open work orders categorized under Failure Codes, the Asset Failure KPI will show 15. This indicates that there are 15 assets with ongoing issues that need to be addressed. |
Assets Down |
Definition This KPI indicates the count of assets that are currently out of operation due to reasons such as maintenance, breakdowns, or other issues. On click will filter out the grid accordingly Explanation
Example: If the KPI shows 8 assets down, it means 8 assets are not operational at the moment due to various reasons like scheduled maintenance or unexpected breakdowns. |
Asset Category |
Definition This KPI is represented as a bar chart showing the distribution of open work orders across different asset categories. The X-axis represents the count of work orders, and these are further categorized by work type within each asset category. On click will filter out the grid accordingly Explanation
Example: For the asset category "Vehicle," if the chart shows 10 work orders, and these are divided as 3 Preventive Maintenance, 4 breakdown, and 3 General Maintenance, you can see not just the total work order count but also the nature of the issues being addressed. Example Breakdown: Vehicles: (Asset category)
Visualization: The bar for Vehicles category on the chart will be a total height of 10. This bar is segmented into three parts:
|
Asset Not Utilized |
Definition This KPI tracks assets that have meters or logs with assigned primary meters or logs, which have not been updated within a defined time period (Period/ time is a number of days set in work order settings log reset days). These assets are considered "not utilized." On click will filter out the grid accordingly. Explanation
Example: If an asset has a meter reading that hasn’t been updated for over a month (as per the number of days set in work order settings log reset days) , it is flagged as “not utilized,” suggesting that the asset may either be idle or that its usage data is not being recorded properly. |
Average Age |
Definition This KPI calculates the average age of all assets based on their manufacture dates and the current date. Explanation
Example: If the average manufacture date of assets is calculated and found to be 5 years, it means, on average, the assets in the inventory are 5 years old. |
Cost Compare |
Definition This KPI compares the costs of asset management and maintenance for the current period (month/year) against the previous month and the previous year. Explanation
Example: If this month’s maintenance costs are $10,000 compared to $8,000 last month and $12,000 in the same month last year, it provides insights into recent changes in maintenance spending and helps in financial planning. |
- Click on any of the KPI tiles (excluding Cost Compare), it will display the relevant assets in the list.
You can reset the view, click the More Actions icon, and then Reset Grid.