Measure Steel Making Performance with Excel-Based KPIs

Steel Making Balanced Scorecard KPI - Balanced Scorecard metrics template example KPIs in Steel MakingThe act of manufacturing steel is governed by both micro- and macro- environmental issues. One should ideally be equally attentive towards both these factors while adopting the 'BSC' approach.

This will go a long way in streamlining the operations, ensuring that opportunities are used for growing and that the properties of the product conform to the benchmarks.

Some of key directions in which KPI can be devised include Process, Product, Employee and Growth perspective. Process can be evaluated on various grounds like Process Range, reduction in process costs, corrosion decline ratio and by-products usage index.

The product can be assessed in the light of properties such as hardness, ductility, yield stress and Poisson ratio. Further, safety for employees can be ensured using the KPIs such as Number of health check-ups organized in a year, % drop in accidents, labor turnover owing to un-safe conditions.

Lastly, Growth can be known by relying on measures like volume enhancement ratio, rise in the expertise level and % increase in operating revenue.

Download Trial Version of KPIsBuy Full Version of KPIs

Why do business professionals choose ready-to-use KPIs?

Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:

  • Can a business professional research KPIs on his own?
  • How do I avoid typical problems with KPIs?
  • Is ready-to-use KPI applicable in my niche?
  • Is KPIs' price affordable?
  • Can KPIs can be easily integrated in any business environment?
  • How can KPIs make the difference to the business?

How to align these KPIs with a strategy of our organization?

Ideally, you need to have a strategy (in a form of a strategy map) before you start thinking about the ways to measure its execution (KPIs). Don't have a strategy map yet? Use free Strategy Map Wizard to create a strategy map for your current business challenges. The wizard will:

The whole process takes on average 6 minutes. Give it a try right now - it's free.

What are the benefits of Steel Making metric:

Get these KPIs

More ideas on using Steel Making KPI

Moving logically, steel making is the second step in the process of manufacturing steel from iron ore. In this, impurities such as sulfur, phosphorous are eliminated from the ore and alloy metals like manganese, nickel are added to it.

There are basically two kinds of steel making procedures recognized- Primary (uses new iron as the input) and Secondary (has scrap steel as the input).

This task requires immense investment of funds as huge equipments and instruments are needed. Also, a capable workforce has to be structured to utilize the devices to fullest.

Making sure that all these aspects are done justice with, a management strategy to calculate the steps and moves is a must. BSC (Balanced Scorecard) well fits the bill in such a scenario, being 'steel production' in this case. BSC has all the relevant and connected indicators to help in the evaluation task of any process.

By carefully coming up with set of metrics and indicators, one can gauge the manufacturing of steel for its success and bring in the needed improvements. On the whole, one can take the steel production attempts on 'success path'.

More useful information for Metallurgy Estimation

Steel Making Estimation Balanced Scoreboard Screenshots

The Balanced Scorecard (BSC) dashboard indicates performance within each perspective and the total performance of .

This is the actual scorecard with Steel Making Measures and performance indicators.

Metrics for Metallurgy Estimation

This is the actual scorecard with Steel Making Measures and performance indicators. The performance indicators include: process perspective, corrosion decline ratio, processes range, reduction in process costs, by-products usage index, properties perspective, hardness, ductility, yield stress, poisson ratio, employee perspective, % drop in accidents, number of training sessions held, number of health check-ups, labor turnover due to safety problems, growth perspective, volume enhancement ratio, % contribution to nations total steel production, expertise level, % rise in the operating revenues.

Download or purchase Steel Making Estimation Balanced Scoreboard

Download a trial version of Steel Making Estimation Balanced Scoreboard or purchase a full version online.

Best practice articles

All articles about measuring performance in Metallurgy.

10 Step KPI System on Amazon

10 Step KPI System Book

How is this book different from 796 other book titles about KPIs on Amazon?

"Before writing a single line, I formulated some guiding principles, one of them was: "If our clients ask, "How can I find a good KPI for..." - I want this book to provide a perfect answer."

Manage your KPIs, Strategy Maps, and Balanced Scorecards Online

Cloud-based Balanced Scorecard Software

The most shared articles on BSC Designer

Scorecard Templates for PowerPoint

FREE Graphical Balanced Scorecard (BSC) templates for your presentation

The most popular articles on BSC Designer

Copyright © 2000-2022 AKS-Labs. All rights reserved.