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KPI

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › KPI

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Ken Garrett.
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  • July 25, 2021 at 4:54 pm #629399
    Yovin
    Member
    • Topics: 25
    • Replies: 1
    • ☆

    Hi Sir,
    Are material usage variance and idle time good KPIs to measure “reduction of wastage in production”?

    July 25, 2021 at 9:37 pm #629412
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10193
    • ☆☆☆☆☆

    Material usage variance would be fine, though investigations are needed to determine the cause eg poor material or poor utilisation of it.

    Idle time measures the cost of the workforce being paid whilst doing nothing….so they are wasting their time, though this might be outside their control eg if a machine breaks down. However, I think that labour efficiency variance is needed to complete the picture. This is caused when people work but are still wasting time by not producing enough. Causes have to be determined.

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