Did we achieve our objectives?
How do we know if were are improving/ deteriorating?
Are we better than we were last month/ year?
If we don't measure things, how can we answer any of these questions?
By measuring certain things, we can provide objective evidence
of where we are and how we stack up against where we were.
Key Performance Indicators
Good Key Performance Indicators (KPIs), if well chosen, tell the story of how the
business is doing. Good KPIs should:
- Be measurable: if they cannot be repeatably
measured, they are not worth measuring
- Be meaningful: if the figure moves up, what
does this mean and vice versa? Would a KPI miss lead to corrective actions?
- Be reflective of the Company's objectives.
You should be choosing KPIs that measure whether or not you are on target to meet
your strategic objectives
- Be focussed on key Metrics: don't choose too
many KPIs or you may miss the wood for the trees
TrenTrace
TrenTrace make it almost effortless to record and present your KPI/ Metrics data
on a daily/ weekly/ monthly/ annual basis. As long as your Metric can be measured
numerically, it can be captured by TrenTrace.
KPIinspect has the following features:
- Intuitive User Interface for easy, accurate data
recording
- Can handle different frequency KPIs e.g. 1 monthly,
3 monthly, annual etc.
- Caters for Calculated/ Dependent KPIs e.g. KPI3
= KPI1/ KPI2
- Caters for different Department Owners
- Caters for different Categories
- Caters for different KPI Levels e.g. Plant Level/
Department Level/ Team Level etc.
- Can produce weekly/ monthly etc. performance graphs
- Can capture comments relating to a specific Data
Point
- Contains a fully functional Corrective Action system
with annotations on the graphs
Contact Us today for a free, no-obligation
consultation to see how you can improve your reporting and save money for your Business