EXAMPLES OF SOME OF BEST-IN-CLASS PERFORMANCE METRICS USED FOR OPERATIONAL KPI ( Part 2 of 3)
Some of the best in class performance metrics extracted from Abe Aberdeen Group, June 2008 :-Â
Operational Metrics
Measurable Values(KPA)
Measured As(KPI)
Customer satisfaction index
Percentage improvement in customer satisfaction
Issue resolution speed
Resolution accuracy in past 12 months
Percentage improvement or decline
(-50% to >50% in increments of 10%)
Customer retention
Rating of customer retention performance during past 12 months
Percentage of actual retention during past [...]
October 26, 2009
Tags: BALANCED SCORECARD, Best-in-class-kpi, KPI, Operational kpi examples Posted in: BALANCED SCORECARD, Performance Mgmt
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OPERATIONAL KPIs – THE IMPORTANCE TO THE SUCCESS OF THE BUSINESS(PART 1 OF 3)
Whether you are using dashboard, scorecards (balanced scorecard, etc), business intelligence tools or query tool reporting, there is an urgent need for management  to understand the importance to identify, define, track, and act upon operational key performance metrics / indicators.Â
[ Earlier article on kpa & kpi has shown to management the importance of creating, maintaining [...]
October 26, 2009
Tags: KPI, Operational kpi Posted in: BALANCED SCORECARD, Performance Mgmt
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Advantages and Disadvantages of Using Economic Value-Added (EVA) As Performance Indicator or KPI
Before we even talk about if there is any pitfalls of EVA, we should really note that EVA has many distinctive advantages:
In my earlier article, we have compared EVA with earnings per share and return on investment/assets and found that both the traditional ratios do not reflect the true cost of capital- there is no [...]
October 24, 2009
Tags: EVA, KPI Posted in: EVA
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Balanced Scorecard:Sources/References For KPI’s
CLICK TO THE MAIN PAGEÂ FOR ALL ARTICLES UNDER THE HEADING OF BALANCED SCORECARDÂ
To build up a Balanced Scorecard, you need to find the necessary key performance indicators/KPIs. So where do you think you can get them?
I append below the following sources or references where you are able to obtain the necessary matrix measures for the [...]
April 10, 2006
Tags: BALANCED SCORECARD, KPI Posted in: BALANCED SCORECARD
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Balanced Scorecard: Examples Of Learning & Growth Perspective KPI
CLICK TO THE MAIN PAGE FOR ALL ARTICLES UNDER THE HEADING OF BALANCED SCORECARDÂ
Examples of Learning & Growth
Employee participation
Training hours per employee
Average years of service
Absenteeism
Turnover rate
Employee suggestions
Employee satisfaction index(No)
Employee’s view(empowerment index)(No)
Shareof employees below age X(%)
Non-product-related expense/customer/year($)
Ratio of new products(less than X years old) to full company catalogue(%)
Near misses
Accidents
Value added per employee
Diversity rate
Work – Life Balance
Employee [...]
April 10, 2006
Tags: BALANCED SCORECARD, KPI, Learning & Growth perspectives examples Posted in: BALANCED SCORECARD
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Balanced Scorecard: Examples Of Internal Process Perspective KPI
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Examples of Internal Process Measures
On-Time Delivery
Administrative expense/total revenues(%)
Administrative expense/customer($)
Average Lead Time(No)
Contracts filed without error (No)
Lead time,product development(No)
Lead time, from order to delivery (No)
Lead time, suppliers(No)
Average time for decision-making(No)
Inventory Turnover
R & D expenses($)
Patents pending(No)
Ratio of new products to total
Total cost to customer
Stock-outs
Response time to customer
Productivity rate
Rework [...]
April 10, 2006
Tags: BALANCED SCORECARD, Internal process perspective examples, KPI Posted in: BALANCED SCORECARD
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Performance Management/Measurements/KPI used in Credit Management/Credit Control
As mentioned in my earlier articles, Top management must review and reinforce the importance of certain measurements used in Credit management.. What are they?
Measurements in Credit Management includes the following :
Days Sales Outstanding (DSO)
Aged analysis of Overdues,
Overdues as a % of Total debtors,
Disputed Debts (including Debit notes ) as a % .
For [...]
March 23, 2006
Tags: credit department kpi, KPI Posted in: CREDIT MANAGEMENT/CONTROL
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