Key performance indicators are a way to help companies measure their success in various aspects of their business. KPIs are used for many reasons and in many industries. They can be used to assess the performance of a company, department, or individual. They can also be used to assess the performance of marketing campaigns, social media strategies, and advertisements. In this section we will talk about what KPIs are and how they can be applied to different areas of a company’s operation.
Key Performance Indicators, or KPIs, are key metrics that measure the performance of a business.
There are three main KPIs:
- Financial KPIs: Measures the financial health of a company and includes metrics like profit, cash flow, and debt.
- Operational KPIs: Measures the efficiency of a company’s operations and includes metrics like inventory turnover.
- Customer Satisfaction KPIs: Measures customer satisfaction with the company’s products or services and includes metrics such as customer retention rate.
Key Performance Indicators, or KPIs, are key metrics that measure the performance of a business.
There are three main KPIs:
- Financial KPIs: Measures the financial health of a company and includes metrics like profit, cash flow, and debt.
- Operational KPIs: Measures the efficiency of a company’s operations and includes metrics like inventory turnover.
- Customer Satisfaction KPIs: Measures customer satisfaction with the company’s products or services and includes metrics such as customer retention rate.