Financial value, your cost of inventory. It’s nice to have a website where we can share KPI data for free, but you really need to compare apples to apples. Here we are comparing apples to giraffes. This graph would chart results as a “benchmark” for a company that sells sports cars and for a company that sells yo-yo’s. Unfortunately, no conclusions can be drawn from these KPI’s.
Inventory Service Level KPI is to measure the level of service performed by Inventory in fulfilling their user requirement. It is reflected by the percentage of quantity or value fulfilled toward total quantity or value requested (demand) during the period of reporting.
How can we measure the Inventory Service Level against the Preventive maintenance work orders? Work Order might contain planned material but it is possible that planned material would not be required during maintenance.