Sales Performance Analysis: The 4 Main Areas

Analysis of Sales Performance 1. Lead Generation Process Analysis Every sales opportunity starts with lead generation. While the lead generation process will be different for different companies the single common thing for each process is that it needs to create steady flow of high quality leads. It’s not always about the numbers – how many … Read more

Quality Control and Six Sigma Terms for Managers

Process Virtually any recurring business activity whether it is within a production or service setting. Quality management professionals gather information about variations throughout results related to each and every process for continuous improvement. Six sigma Six sigma is actually a statistical principle which calculates a process defects. Accomplishing six sigma implies the processes will be … Read more

The 3 Profit Margins in Financial Ratio Analysis

Profit Analysis The following three financial profit ratios can be easily tracked and measured by using your income statement or profit and loss statement. While the content of any P&L statement might be different from one business to another, the layout of any P&L report follows the same logic. The top of the statement includes … Read more

What Are Key Performance Indicators (KPIs)?

Key Performance Indicators To understand what is KPI, let us draw parallels with football, you have your offensive line and your defensive line and the success of the team depends on the performance of both the lines. Similarly, in business the success depends on certain parameters or activities and these are used as characteristics on … Read more

What is Quality Control?

This QC system of processes includes controlling and effectively managing all the incoming materials, tasks, human activities, equipment, machines, automation, statistical process control, etc. to ensure that each step in the process satisfies the specific standards. Quality can be controlled throughout the entire process. The sooner in the process quality errors are detected the better … Read more