Magnisity®
Magnisity®
Performance measurement is key to business improvement.
Magnisity® is a new, world-first methodology for system and process performance measurement. Magnisity® solves a problem that humankind has struggled with since the First Industrial Revolution (circa 1760). It is now possible to measure system and process performance correctly, comprehensively, and accurately across all core and non-core areas of the enterprise. Each business process and its executing system can be measured with exactly the same approach, formulation, and unique expression for techno-economic performance.
The new word ‘magnisity’ was developed from the Latin and is the name of the new performance characteristic. Magnisity® is based on a novel performance measurement meta-model, built on correct logical concepts with correct relationships and correct mathematical implementation.
Magnisity® is scientifically correct, robust, powerful, and universally applicable across all business sectors. The Magnisity® invention represents the ultimate performance measurement methodology.
Magnisity® focuses on techno-economic performance by addressing productiveness, effectiveness, efficiency, cost, as well as further composite performance characteristics such as cost-efficiency, cost-effectiveness, unit cost, etc. [Magnisity® is much more powerful than productivity measurement – also, productivity is unreliable in some cases.]
The power of a single performance characteristic is invaluable. This tool can be applied during operations, as well as in improvement projects and system realization projects (capex projects).
Follow the link to view a model of System Realization, Utilization & Improvement.