5 Reasons to Automate KPI Management

Businesses usually review progress through monthly reporting. Within a typical monthly report will be a set of slides and/or spreadsheets that purport to contain all of the information required to make decisions for the following month(s). These reports will almost...

Should I use a Metric or KPI?

“What’s in a name? That which we call a rose by any name would smell as sweet”. The central quote from Shakespeare’s Romeo and Juliet that encapsulates the entire story. Juliet Capulet meets and falls in love with Romeo Montague. Their romance is doomed from the start...

What is an XmR Chart?

XmR Charts fall under the category of control charts used to monitor industrial or business processes. The X stands for ‘Individual’. In an industrial process this may be a quality of an item produced (or a batch of items). For example the quality of a ball bearing....

Why Red Amber Green (RAG)?

A Key Performance Indicator (KPI) is meaningless unless its value can be compared to something. Without a comparison it is impossible to say if the value is good, bad or indifferent. The comparator could be a target based on previous performance or on a notional...

Supply Chain – A Good Lead Indicator

If you are looking for a good lead indicator that can predict the success or failure of your business, then take a good look at how well your supply chain performs. If the relationships with your suppliers are good, then the buying, movement, storing and selling of...