Waste Reduction Rate
2 July 2021
Waste Reduction Rate is a measure of the level to which a company is able to reduce the waste it is generating as part of its operations.
Waste Reduction Rate = [Wasted Raw Material (in this period a) / Wasted Raw Material (in the last period b)] x 100
This indicator is included in the book: Key Performance Indicators – the 75+ measures every manager needs to know, which contains an in-depth description of this KPI, as well as practical advice on data collection, calculations, target setting, and actual usage.
Related Articles
ChatGPT: What Are Hallucinations And Why Are They A Problem For AI Systems
In recent years, the rapid development of artificial intelligence (AI) has led to the rise of sophisticated language models, with OpenAI's ChatGPT at the forefront[...]
Top 10 Use Cases For ChatGPT In The Banking Industry
Banks have often been at the forefront of adopting cutting-edge technology to provide better customer service and meet compliance requirements.[...]
The 7 Best Examples Of How ChatGPT Can Be Used In Human Resources (HR)
Human Resources (HR) departments play a critical role in managing an organization's most valuable asset — its people.[...]
Microsoft’s Plan To Infuse AI And ChatGPT Into Everything
Microsoft has big plans for artificial intelligence (AI), and it’s becoming clear that it believes that ChatGPT – and natural language technology in general - will play a big part.[...]
GPT-4 Is Here: Unleashing the Power of Multimodal AI and Redefining the Future of Communication
The rapid evolution of artificial intelligence (AI) over recent years has given rise to ground-breaking advancements in natural language processing (NLP) and machine learning[...]
Revolutionizing Healthcare The Top 14 Uses Of ChatGPT In Medicine And Wellness
Over the past few years, artificial intelligence (AI) has made significant advancements in the healthcare industry[...]
Stay up-to-date
- Get updates straight to your inbox
- Join my 1 million newsletter subscribers
- Never miss any new content
Social Media