The best replacement for utilization is efficiency.

The best alternatives to utilization are rated as following:
★★★★★  efficiency
★★★★  realization
★★★  use
★★★  productivity
★★★  occupancy
★★★  utilisation
★★  evidence based practice
★★  throughput
★  billability
★  ebp
★  capacity
★  chargeability
★  usage
★  activation
  cpu load
  response time
  availability
  load average
  evidence based practice nursing
  evidenced based practice

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Google Trends

Scale is based on the average worldwide traffic of utilization in all years. Click on graph for more.
utilization
efficiency
realization