Key Performance Indicators Reports for USA Business

What is KPI?

A KPI, Key Performance Indicator, is a Metric which is mainly aligned to a “Key Business Goal”. It tracks how efficiently & effectively an organization is performing against that objective and goal. Companies use KPIs to drive growth bringing about performance improvements and thereby achieving end objective, target or goal.

Objectives of KPI Report:-

Monitor Organization's Health.
Measure Overall Progress
Analyse Patterns Over Time
Solve the Problems or Tackle Opportunities
Make Adjustments & Stay on Track

Process of Establishing your KPI report

  • Determine company vision and goals
  • Analyze organization goals and break it down into Key Performance Questions
  • Select specific KPIs that answers to these Key Performance Questions
  • Set the target for evaluating each KPI performance
  • Chose date sources for KPIs
  • Develop KPI report measuring actual performance compared to targeted goals
  • Key out the reason for the deviation between these two even any.

Types of Key Performance Indicator for Businesses

Financial Performance Review Report:

Report with the following financial metrics-
  • Gross Profit Margin Percentage
  • Operating Profit Margin Percentage
  • Operating Expenses Ratios
  • Net Profit Margin Percentage

Financial Business Operational Efficiency Report:

Report with the following operational efficiency metrics-
  • Inventory Holding period
  • Debtors Collection Period
  • Vendors Payable Period
  • Cash Conversion Cycle
  • Working Capital Turnover

Sales Performance Review Report:

Report with the following sales metrics-
  • Sales Growth
  • Sales Target
  • Average Revenue Per Unit
  • Customer Acquisition cost
  • Customer Lifetime Value

Sales conversion review Report:

Report with the following sales metrics-
  • Lead-to-Opportunity Ratio
  • Opportunity-to-Win Ratio
  • Lead Conversion Rate

Benefits of KPI Report:

Measures Budgeted Sales

With KPI reports help, one can easily analyze budgeted sales over the achieved sales during the specified period, thus helping analyze all the discrepancies.

Retention of Consumer with product Satisfaction

KPI helps to obtain how the ultimate consumer is satisfied with the product and provides the retention ratio of the consumer.

Increase in Employee Satisfaction

KPI provides checks on the satisfaction level of employees & workers, which helps to retain them for a longer period.

Overheads Cost Control

With the help of KPI reports, small business accounting can reduce the cost by helping understand unnecessary and necessary expenditure.

Improvement in Operational Efficiency

KPIs help companies to identify their respective strengths and weaknesses and how those traits line up with their objectives for overall efficientcy.

Some of the US-based industries where Whiz Consulting is consulting on developing KPIs reports:

We at Whiz Consulting develop industry-specific KPIs for Businesses which gives an in-depth understanding of business operations and provides a comparison to the organization goals. This leads the organization in identifying their business strengths and weaknesses and helping them to bring more synergies and efficiencies to business processes.

KPIs for a Retail Store
KPIs for Health Care Business
KPIs for Home Care Business
KPIs for an E-commerce Operator
KPIs for a Real estate Business
KPIs for a Software Company
KPIs for Call Centre Business
KPIs for Consulting Business

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