Why companies have different Logistics Performance Indicators (LPIs)/Key Performance Indicators (KPI)?
Why companies have different Logistics Performance Indicators (LPIs)/Key Performance Indicators (KPI)?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Why companies have different Logistics Performance Indicators (LPIs)/Key Performance Indicators (KPI)?
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INTRODUCTION
A Key Performance Indicator is a sort of measurement used to assess how well a company is basically performing in relation to its strategic goals. KPIs simplify performance tracking by condensing a vast number of measurements into a manageable number of "key" indicators. Organizations indeed utilize KPIs at various levels to assess their effectiveness in achieving goals. Low-level KPIs may concentrate on procedures in divisions like sales, marketing, HR, support, and others, whereas high-level KPIs may concentrate on the overall success of the company.
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