Key performance indicators (KPIs) are business management metrics used to track, monitor and assess elements which are important for the success of the business. KPIs vary for each company and should be developed to…
The share of wallet helps companies understand their share of the total customer purchases. For example, if you are a packaging products provider you would like to know how much of the customer packaging needs are satisfied from your company … Continued
The objective of any inventory management program or inventory system should be to minimize cost, maximize profit while being able to meet customer expectations (orders). Just like in any business discipline tracking, monitoring and measuring metrics is crucial for effective … Continued
The decision or alternative might be a project, investment, organizational change and any business initiative. In addition the same approach can be used for evaluating cost and benefits for stakeholders such as customers. What is involved in the analysis? 1. … Continued
Chiropractor Practice KPIs Key Performance Indicators are really crucial methods where any practice can easily find out precisely how good they’re executing in the direction of reaching their very own company goals and objectives. KPIs enable organizations to recognize their … Continued
Quality management and control tools, concepts and methodologies like six sigma, total quality control, SPC, quality deployment, etc. are proven to be effective ways to improve the organizational process performances traditionally in manufacturing and industrial environment. When it comes to … Continued
Supply Chain Metrics Why this metric is important? Many companies compete on speed and reliability – these organizations include the logistics companies like FedEx and DHL and retailers like Amazon and Wal-Mart. In addition industrial and B2B companies are also … Continued
Improve and simplify your healthcare management reporting and analysis with one-page dashboard reports customized for your organization. One-page reporting is proven. It is highly focused and effective. It saves time and money. Mr. Dashboard reports allow you to continuously track … Continued
Weekly and Monthly Reports in Excel These kinds of essential management reports enable businesses to monitor progress throughout the organization. For example, employees may write weekly reports for their managers, while managers can certainly explain to their executives or business … Continued
Human Resources Metrics and KPIs Examples plus KPI Templates What needs to be measured? In terms of employee productivity, employee attitudes, goals met, and employee skill levels are measured. Productivity can easily be measured against established guidelines from previous records, … Continued
Here are the top financial ratios every manager should track and report: Net Profit Margin Return on Assets (ROA) Return on Equity (ROE) Inventory Turnover Days Inventory Outstanding Average Collection Period Operating Cycle Fixed Asset Turnover Total Asset Turnover Working … Continued
