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There are many ways to measure an employee's performance. However, the most popular tool of today that is also used by many managers all over the world is the employee scorecard. This scorecard contains metrics with specified targets and these are called KPIs. KPI means key performance indicator. As the term suggests, these are areas of performance and there is a specified target for each one. Many employers have a certain target set as expected performance . Any level of performance below these targets is deemed unacceptable, and anything beyond is something that exceeds expectations . There are hundreds and probably thousands of metrics around the world, but below are some most commonly used KPI examples. CSAT This stands for customer satisfaction. Definitely , companies need to hear the voices of their customers. Customers are the very bloodline of every business, without whom the business will not have any opportunity to expand. Before, many companies get their customer...

The business community has fully embraced the use of balanced scorecards and metrics to determine if businesses are performing well. This is also a common practice in outsourcing . The gist of this management approach is that the business managers will be able to gauge if the performance of the employees is in line with the company's goals and objectives , not only in terms of actual activities but also in financial merits. As such, there is a need to develop tasks outsourcing KPI methods or standards to ensure that all possible causes for poor and good performance are identified . Outsourcing is not new, albeit it has become a buzzword by now. Simply put, outsourcing is a business strategy in which a company passes certain tasks to other companies on their behalf . This way, the company can focus its resources-finances, manpower, technology on other things that can help it grow. Most of the time, the tasks that are outsourced are seemingly mundane tasks that do not really re...

We all know how the manufacturing process of any business or enterprise becomes more and more complex these days. With so numerous factors to consider at hand, this is no longer a surprise to any businessman- particularly because all of these have to be considered to ensure the enterprise's effectiveness . Planning, sourcing, product, finance, distribution, pool information , all of these factors are identified, so ferocious analysis should be done to determine the being correlation between factors, among factors, and within factors. Therefore, KPI for manufacturing is demanded because crucial performance pointers act as visualization tools for similar manufacturing installations. The underpinning conception to keep in mind then to prepare what's known as a KPI dashboard. This dashboard looks like the regular dashboard you see in your auto-only that it doesn't contain details similar as needles for energy, your speedometer, and the such like. The KPI dashboard would ...

We all know how the manufacturing process of any business or enterprise becomes more and more complex these days. With so many factors to consider at hand, this is no longer a surprise to any businessman - particularly because all of these have to be considered to ensure the enterprise's efficiency. Planning, sourcing, production, finance, distribution, workforce information, all of these factors are correlated, so intensive analysis should be done to determine the existing correlation between factors, among factors, and within factors. Thus, KPI for manufacturing is needed because key performance indicators act as visualization tools for such manufacturing facilities. The underlying concept to keep in mind here is to prepare what is known as a KPI dashboard. This dashboard pretty much looks like the regular dashboard you see in your car - only that it does not contain details such as gauges for fuel, your speedometer, and the like. The KPI dashboard would contain KPIs used...

 Often we find in organizations , both large and small, that business performance is tracked using spreadsheets and word documents. When an organization needs to track business performance , and we really do mean business performance, not personal performance (that is a topic for another day) nowadays it is essential they use dedicated KPI software. Using dedicated KPI software has many advantages . Not least of which is keeping all KPIs in a central repository and therefore enabling proper interrogation of metrics through the use of automation tools such as dashboards, reports, briefing books, alerts, drill-down, and a highly visual interface. This is essential. It provides the means to create useful and meaningful reports or dashboards that management can use to make informed decisions. Clearly, there are standard or basic KPIs that all companies need such as Revenue, Profit, Gross Profit, and Operating Costs that are relatively easy to interpret. However, there are als...

A Key Performance Indicator (KPI) is a measurement of the performance of a certain function within a business. Key Performance Indicators can be both financial and non-financial measures that help an organization work towards its vision and organizational goals. They are quantitative measurements plotted against a time range and are mostly presented in graphs. Key Performance Indicator (KPI) Software is a high-level project management system that integrates all business data across departments, business processes in a company. The KPI software can analyze the performance of each department in an organization consisting of reports, spreadsheets, charts, and trends . The uses of KPIs vary for different organizations and different departments depending on their particular goal or mission. It can be designed for all the departments in an organization from marketing and sales to manufacturing and HR activities. From a company management perspective , it helps analyze company prof...

It's true that even in the world of manufacturing, every organization is a bit different from the next. They all have different priorities and care about different things - which is why there is no "one size fits all" approach to continuous improvement. That urge to always be doing better - to capitalize on opportunities to grow in a positive way - should still always be the goal. That, in essence, is why manufacturing KPI dashboards  are so important. They don't just help support the organization you're currently running - they help it continue on its journey towards the one it was always meant to be. They do this in a wide range of different ways, all of which are worth exploration. What Do Manufacturing KPI Dashboards Offer? In an over-arching sense, manufacturing KPI dashboards put critical information at the fingertips of people who need it to make strategic decisions. They also allow for an efficient, visual way to stay abreast of any changes that are ...