ChristianSteven BI Blog

The Best Reasons To Monitor Progress Through KPI Reports

Key Performance Indicator reports, or KPI reports for short, are measurable values that can help your business track goals. Normally, organizations set targets for each fiscal year and use KPIs to evaluate their ongoing progress. For example, you can set KPIs at various levels within your organization to monitor aspects such as fiscal revenues, sales for sub-divisions or employee satisfaction.

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How to Use Your Business KPIs to Improve Your Profits

Although there are endless uses for business key performance indicators, using KPIs for profit is a popular application. Everything in a business is designed to generate revenue, so it isn’t surprising. Using KPIs for profit, however, requires a multi-pronged approach. To get the most out of your business, you need key performance indicators for your employees, your customers, and your future.

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Top 7 Marketing KPIs You Should Be Tracking

Key Performance Indicators (KPIs) are measurable values that demonstrate how effectively a company is achieving its key business objectives. Businesses use KPIs to evaluate their success at reaching set targets.  Just like there are different departments in an organization, there are different KPIs to be tracked.  For example, the sales department may track total revenue, new customers, and average deals to gauge progress toward their revenue targets.  The human resources department may track employee turnover, employee engagement, and employee transfers. 

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Amazing Ways KPIs Improve The Retail Industry

The retail industry is one of the most competitive with crucial focal points being increasing sales, maintaining customers, and gaining new ones. Key Performance Indicators (KPIs) can help a retailer determine which metrics to use to keep their business on top. When regularly monitored, KPIs provide insight into important areas of a retail business. 

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The Best Ways to Utilize KPI Dashboards

A good investment has to be useful in a range of applications. This versatility makes all the difference between a short-term and long-term investment. KPI dashboards appear as very simple software on the surface, especially compared with the broader aspects of BI programs in general. Although KPI's may be a single feature in a larger program, that feature may offer the most utility in your business. This power comes from the ease of use and versatility of the dashboards.

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