Quick Answer: What Are KPI Tools?

What is the difference between KPI and pi?

A performance indicator (PI) is a metric which informs about some element of performance.

A KPI is a metric used by leaders and managers to understand performance in business-critical elements of a supply chain operation..

What are the three types of KPIs?

Types of KPIs include:Quantitative indicators that can be presented with a number.Qualitative indicators that can’t be presented as a number.Leading indicators that can predict the outcome of a process.Lagging indicators that present the success or failure post hoc.More items…•Aug 25, 2014

What is KPI in job description?

KPI: Key Performance Indicator, how the task is measured. KRA 1: Coordination of the staff activities on a daily basis including supervision, delegation of tasks, monitor performance and performance management. Responsibilities.

What are the 5 key performance indicators?

1 – Revenue per client/member (RPC)2 – Average Class Attendance (ACA)3 – Client Retention Rate (CRR)4 – Profit Margin (PM)5 – Average Daily Attendance (ADA)Oct 1, 2017

What is KPI in HR?

An HR key performance indicator or metric is a measurable value that helps in tracking pre-defined organizational goals of human resources management. HR departments use KPIs to optimize recruiting processes, employee engagement, turnover rates, training costs, etc.

How do I create a KPI in Excel?

Create a KPIIn Data View, click the table containing the measure that will serve as the Base measure. … Ensure that the Calculation Area appears. … In the Calculation Area, right-click the calculated field that will serve as the base measure (value), and then click Create KPI.More items…

What KPIs does Apple use?

According to a Harvard Business Review article, Apple Inc., uses five performance indicators:customer satisfaction;core competencies;employee commitment and alignment;market share;shareholder value.Mar 20, 2020

How do you list KPIs?

COMPLETE LIST OF KPI EXAMPLES BY DEPARTMENT1) Customer Acquisition Costs.2) Customer Lifetime Value.3) Sales Target.4) Operating Expenses Ratio.5) Net Profit Margin Percentage.6) Return on Assets.7) Return on Equity.8) P/E Ratio.

What are examples of KPIs?

Examples of Financial KPIsGrowth in Revenue.Net Profit Margin.Gross Profit Margin.Operational Cash Flow.Current Accounts Receivables.Inventory Turnover.EBITDA.

How do you measure KPI’s?

Making your KPIs actionable is a five-step process:Review business objectives.Analyze your current performance.Set short and long term KPI targets.Review targets with your team.Review progress and readjust.

What are the 4 types of performance indicators?

Anyway, the four KPIs that always come out of these workshops are:Customer Satisfaction,Internal Process Quality,Employee Satisfaction, and.Financial Performance Index.

What is a good KPI?

Good KPIs: Provide objective evidence of progress towards achieving a desired result. Measure what is intended to be measured to help inform better decision making. Offer a comparison that gauges the degree of performance change over time.