This measure calculates, for all product lines, total number of product units recalled in the 12-month period as a percentage of the period's total number of units produced. This Process Efficiency measure is intended to help companies minimize waste and refine resource consumption related to the process group "Manage warranties".
Average recall rate per product family
Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.