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What do you mean by KPI?

Updated: 10/25/2022
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KPI's or Key Performance Indicators and those indicators that generally measure the health of a business, a particular segment of a business, a process and generally anything you could suggest that you require to be measured and managed. They are normally readily accessible and trackable and as such have immediate value for management in the determination of success, failure or identifying trends. It's this "immediacy" that provides a distinct advantage over traditional reporting mechanisms. Both financial and non-financial measures can be tracked for what is effectively real-time reporting.

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How can you calculate the productivity in many kpi?

OK, last month I gave a 2 hour seminar to a major multinacional here in Brazil only on this topic. Basically, KPIs are to calculate the productivity of an process but not in simple terms here can I give it to you. You can do it on total costs, quality issues, time to market, customer satisfaction surveys, and more. For example, you MUST always improve your process, I use 7 key factors which 5 are above. If we did x in such a such time for y dollars, next quarter we will have an improvement of percentage for more production, for cheaper cost, qucker delivery time, and less failures after delivery. If you do a google search only on this, I would say you would get a week (10 hrs a day, 7 days a week) reading. This is why companies call in people like me, professional consultants with 40 years of experience to evaluate their interal processes. In addition, if you are internal to a company, you might not have a broad vision of similar in indudstry (called benchmarking) so you do not have a real view. But in general KPIs are few, you never have many for any one department, any department KPIs must help the goals of the coorporation. For any KPI you have what is needed, how it will be measure, how often measure (quarterly is good), and what actions are you going to implement and follow that assure that your KPI will be met. And when it is not met, your headaches will begin. You follow some of them weekly even thou they migh be for quarterly, as end of quarter, you do not want to find out you are screwed. And if you met your KPIs, then you want to start tightening them up more (yes, you want to always better them) so you and your upper management will determine newer ones to achieve. If you achieve KPI goals, you do not want to fall back and say you have it made. NEVER. Go for GOLD.


What are identities trigonometry?

Identities are "equations" that are always true. For example, the equation sin(x) = cos(x) is true for x = pi/4 + kpi radians where k is any integer [ = 45 + 180k degrees], but for any other value of x the equation is not true. By contrast, the equation sin2(x) + cos2(x) = 1 is true whatever the value of x. This is an identity.


What does the aumred mean?

Do you mean ''What does the AUM Mantra mean?''


Does mean mean average?

No, but sometimes "average" means "mean" - when it doesn't mean median, geometric mean, or something else entirely.


Did he had the concept of venn diagram?

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Related questions

List of KPI in sales?

HiLists of sales KPI can include:1. Customer care KPI 2. Customer appraisal KPI 3. Complaints of customer KPI 4. Market share KPI 5. Customer loyalty KPI 6. Shops and supermarkets KPI 7. Sales contact by telephone KPI 8. Sales rep KPISource: www.humanresources.hrvinet.com/sales-kpirgs


Kpi of team leader in bpo?

The key performance indicators (KPI) of a team leader in a BPO depends on the work environment. Team out put is often the most important KPI. Productivity, retention, and team motivation can also be used to assess KPI.


KPI?

Key Performance indicators


What are the components of KPI?

The components of KRA KPI is firstly one of Hodders bollocks mixed with Duncan's sweaty armpit hairs. Hoddie.


What are the components of KRA KPI?

The components of KRA KPI is firstly one of Hodders bollocks mixed with Duncan's sweaty armpit hairs. Hoddie.


Who is appraisee?

the employees for whom the kpi is set


What is KPI stands for?

In business terminology, the abbreviation "KPI" stands for "key performance indicator." When beginning a project or launching a new system for production, companies compose a list of criteria on which to judge the effectiveness of the new system. Each of these criteria becomes known as a KPI.


A indicator for performance of project?

I think it's kpi


What is full form of KPI?

key performance indicator


What is the KPI of an events manager?

The KPI of an events manager is the tracking and measuring of company events. This tracking can take place day to day, month to month, or year to year.


What are suitable KPI for a general manager?

Some suitable KPI's for a general manager consists of Costumer Satisfaction, Internal Process Quality, Employee Satisfaction, and Financial Performance Index.


How does KPI measurement help management in companies?

A KPI is a key performance indicator and can be helpful to the management aspect of business by keeping track of where the company's money is going. It can help the business achieve goals.