At the end of the day we all need just one thing...
Clear, Concise and Precise information that can facilitate management discussion and action, quickly.
Centralising data for Key Performance Indicators
There is a pretty good case to centralise the data collection, streamlining what could amount to endless metrics from ERPs. But is it the best way to go?
Having easy and ready access to all data has it’s pitfalls. Firstly, you could be limited to only the data an ERP provides, which will largely be financial based. Consideration of “Key” metrics quite often are outside the sco
Know your Stock Days
Quite often we relate to our inventory holdings purely as a dollar number. So at any point in time we know the dollar value and use that as our guide as to whether the value is currently appropriate to our trading. By using this "dollar" Inventory number you still need to mentally ascertain whether the current holdings are appropriate or not and that deter
The bar chart is the most commonly used method for the visual representation of data and key performance indicators (KPIs) in the business world.Bar charts are as commonplace as they are easy to create and interpret.
How Bar Charts Work
Bar charts group data into bars with lengths proportional to their value.The value being compared could be a number, frequency or any other form of measureme
Is It Time to Scale Your Business? Here's How KPIs Can Help
“Letting go and trusting others to do things well is one of the more challenging aspects of being a leader of a growing organization.” -Verne Harnish, Author of Scaling Up: How a Few Companies Make It and Why the Rest Don't
Your business is growing -- well, hopefully.And as a business grows, the demands on principals or owners become both all-encompassing and time-consuming.It a
KPIs, generally known askey performance indicators, are the sophisticated, modern version of "flying by the seat of your pants." They are a set of key numbers which underlie the performance of a business.
KPIs have lots of variants and can come on a wide variety of acronyms including key performance indicators (KPIs), key results indicators (KRIs), results indicators (RIs) and perfor