KPI Executive Dashboard , to represent the daily reporting plastically.
The software and charts shown below were developed by myself
Key Performance
Indicators Definition
A Key Performance Indicator is a measurable
value that demonstrates how effectively a
company / department is achieving key business
objectives. I use KPIs at multiple levels to
evaluate the success at reaching targets.
High-level KPIs may focus on the overall
performance of the enterprise,
while
low-level KPIs may focus on processes in
departments such as Food and Beverage, or
marketing center.
What makes a
KPI effective?
A KPI is only as
valuable as the action it inspires. Too often,
organizations blindly adopt industry-recognized
KPIs and then wonder why that KPI doesn't
reflect their own business and fails to affect
any positive change. One of the most
important, but often overlooked, aspects of KPIs
is that they are a form of communication. As
such, they abide by the same rules and
best-practices as any other form of
communication. Succinct, clear and relevant
information is much more likely to be
absorbed and acted upon.
In terms of
developing a strategy for formulating KPIs, your
team should start with the basics and understand
what your organizational objectives are, how
you plan on achieving them, and who can act on
this information. This should be an
iterative process that involves feedback from
analysts, department heads and managers. As this
fact finding mission unfolds,
you will gain
a better understanding of which business
processes need to be measured with KPIs and with
whom that information should be shared.
What do you need to know about KPI?
KPI is a technique that will give you a deeper
insight into the inner workings of your business
- and were going to discuss the concept in
detail. Here, you need and will consider what it
takes to track your KPI metrics, explore the
dynamics or a contemporary KPI tracker, and
look at how to track your KPIs.
What is a
simple KPI?
The simple KPI is a great
place to start for companies looking to track
key metrics using KPI tools. As the name
suggests, the KPI software is incredibly
easy to keep, but is still very extensive in use
and the starting points and statements of good
KPI performance software to be gained.
Ask yourself which key messages do you need.
What are your recurring important numbers /
statements that you need. Whether daily, weekly
or at a different time interval, the
evaluation of a few meaningful numbers / sums is
enough right from the start to show you YOUR
KPI. Only, these numbers and evaluations
have
to be read, understood and implemented in the
right direction!
Take your daily sales
/
revenue. Complete this list with the number of
working hours.
Now hold the number of employees
against it.
Refine with / by the time.
Add the number of customers in relation to
sales and employees. Or vice versa, what is the
employee's turnover in one hour with
what
number of customers / guests.
If you
generate this list for each of your business
opening day, you will receive meaningful figures
with your personally business KPIs
over
time.
You will notice changes in the
months and seasons, you will notice the pre -
main and sideline time with the corresponding
sales and working hours, and you can
coordinate according to your operational plans.