Key Performance Indicators (KPIs) are high-level benchmarks of your organization, offering snapshots of your business based on specific predefined measures. An active KPI program can give a business executive a high-level, real-time view of the health of a company by visually displaying vital statistical information about that company.
While an obvious indicator of your performance is whether you’re making a profit, setting Key Performance Indicators for specific areas of your business can quickly indicate problem areas before they get out of control:
KPIs typically consist of a combination of reports, spreadsheets, or charts. They may include global or regional sales figures and trends over time, personnel stats and trends, real-time supply-chain information, or anything else that is deemed critical to an organization’s success.
In developing KPIs, Advisory & Consulting Services will work with your organization to define target performance levels and then decide the best way to measure and perform to that target.