Benefits of using K.P.I.'s
Standardises Information -
Speeds up comprehension time for understanding data
Promotes Team Building -
Each member of management team understands the overall objectives of the business
Defines Company Strategy -
The key measurables chosen by a company should emulate their mission and quality policy statements
Promotes Continuous Improvement -
Regular, consistent management reviews of the key objectives
Leads to Data Driven Decisions -
Analysed data will identify the correct areas for activity
Visual Indicator of Company Targets -
All personnel can relate to targets and performance