A Key Performance Indicator is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPIs at multiple levels to evaluate their success at reaching targets. High-level KPIs may focus on the overall performance of the business, while low-level KPIs may focus on processes in departments such as sales, marketing, HR, support and others.
KPI reports assist in providing the analysis on budgeted sales over the achieved sales during the specified period of time that eventually helps in analyzing all the deviation.
KPI helps to obtain how the ultimate consumer is satisfied with the product and provides the retention ratio of consumer.
KPI provides the checks on satisfaction level of workers helping the organisation to retain the worker for a long period for smooth working of the organization.
Small business benefits from KPI reports as it helps to reduce the cost by measuring the unnecessary expenditure over the necessary.
KPIs help to identify strengths and weaknesses of a company thus enabling the company to improving the overall quality of operation.
Whiz Consulting develops industry specific KPIs for Indian businesses which provide in depth understanding of their business operations and their comparison to the organisation goals which leads them in identifying their business strengths and weaknesses and helping them to bring more synergies and efficiencies to business processes.