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KPIs stands for Key Performance Indicators. KPIs are the metrics that monitor the performance of business objectives against the set target/goal (desired result) . In other words, KPIs measures a company’s performance/output against set objectives and targets.
Key Performance Indicators are generally used to measure the performance on daily, weekly, and monthly basis against defined target or goal, but some other focus on to achieve long-term goal.
KPIs vary company to company and helps every area of the business like Sales and Marketing, Finance, Production, Quality, and HR.
KPIs provides the targets for teams to measure progress to achieve desired results and helps in better decision making.
Key Performance Indicator is one of the important tool of Lean Manufacturing process and also fulfil the quality management system requirements.
KPI definition
KPI types
KPI examples
Functional KPI
Departmental KPI
Higher level KPI
Lower level KPI
Buisness level KPI
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