How do you communicate the equipment utilization rate to your stakeholders and customers?
If you work with capital equipment, you know how important it is to measure and communicate the equipment utilization rate (EUR). This metric tells you how efficiently your machines are being used, and how much value they are generating for your business. But how do you calculate the EUR, and how do you share it with your stakeholders and customers? In this article, we will explain the basics of the EUR formula, and give you some tips on how to present it clearly and convincingly.