How Do You Calculate Consumption Rate?
The consumption rate refers to the amount of a particular item or resource used over a specific period. It can be calculated by dividing the total amount of the item used by the time period it was used over. For example, if an organization uses 1000 units of electricity in a month, the consumption rate would be 1000 units divided by 30 days, which equals 33.3 units per day. This calculation helps to track resource usage and identify any potential wastage or inefficiencies.