Utilities Expense as a Percentage of Plant Revenue
This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Utilities Expense as a Percentage of Plant Revenue. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is Utilities Expense as a Percentage of Plant Revenue?
The utilities-related expense (i.e., cost of using electricity, water and heat) divided by the total dollar amount of revenue generated by the plant, or production facility, over the same period of time, as a percentage.
Why should Utilities Expense as a Percentage of Plant Revenue be measured?
Utilities Expense as a Percentage of Plant Revenue measures the utilities-related expense (i.e., the cost of using electricity, water and heat) incurred in relation to the total dollar amount of revenue generated by the plant, or production facility, over the same period of time. A high value in this metric can be indicative of inefficient utility vendor contracts, sub-par energy efficiency program management, insufficient energy consumption measurement, inefficient manufacturing processes and scheduling (e.g., heating up an oven for 30 minutes for a 1 hour production run, inefficient control of machine uptime, etc.), and poor facility manager training and performance. While many companies seek to reduce the cost of utilities by switching vendors, constantly doing so is unmanageable as changing vendors brings with it its own costs and challenges, both of which don't solve the issue at hand. Instead, seek contract negotiations with current utility vendors and build energy efficiency decision-making into production processes to reduce utility expenses. For a manufacturer, the cost of the utilities used in the plant, or production facility, forms a part of manufacturing overhead.
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