Production Schedule Adherence

Measures the extent to which a company has successfully reduced its costs.

What it Measures ?

Are we meeting cost-saving goals?

Relevant StakeHolders 

CFO, Finance Controller

Why it Matters ?

Monitors success in cost reduction initiatives.

In-depth Use Case / Real-world Example

Cost Reduction Achievement is the percentage of target cost reductions achieved within a specified period. For instance, if a company sets a goal to reduce costs by ₹1,000,000 and achieves ₹800,000, the cost reduction achievement rate is 80%. Tracking this KPI helps measure the effectiveness of cost-cutting initiatives and identify areas for improvement. A high achievement rate indicates successful cost management, while a low rate suggests the need for better control over operational expenses.