Note:

The Corrective Action Closure Rate measures the percentage of identified corrective actions that have been successfully closed. This metric helps organizations track progress in addressing safety or compliance issues.

Parameters Explained:

• Number of Closed Corrective Actions: The total number of corrective actions that have been completed.
• Total Corrective Actions Identified: The total number of corrective actions that were identified.

Importance of Closure Rate:

• Ensures timely resolution of safety and compliance issues.
• Improves workplace safety and operational efficiency.
• Helps track progress in corrective action implementation.

Conclusion: A higher closure rate reflects an organization's commitment to resolving issues effectively. Organizations should aim for at least 90% closure to ensure a proactive approach to safety and compliance.