Daily visibility of Key Performance Indicators (KPIs)
Wondering whether the decisions made yesterday were fruitful?
Are you looking to appraise the performance results with your Team?
Do you want to build a daily plan or budget using quantifiable indicators?
Designing a simple method and system for capturing and reporting key performance indicators that drive the health of an operation or department will add significant value to cost, productivity and service.
As an example, the daily reporting on financial profit and loss results, DIFOT performance, safety incidents, productivity rates and many other crucial indicators can be compiled into a performance report.
Benefits to businesses of daily visibility of KPI’s include:
- Improved equipment utilisation, human resource planning and overall capabilities.
- Formal connections between logistics performance, cost and value identified.
- The development of a balanced scorecard with quarterly targets.
- Providing a benchmark for conducting cause and effect analysis.
- Developing daily financial labour and expenses budgets.
- Providing team members, line managers and senior management with critical performance results.
- Assisting identification of leakages to allow you to alter or realign performance.
- Holding all participants accountable for achieving performance measures.
The accurate capture and periodic reporting of performance measures ensures a business unit and the organisation are well informed on the performance of a process or function.
Our experience indicates that measuring the effectiveness of a business empowers the performance owners to influence the results by taking control using improved planning and execution skills.
If your organisation does not currently capture and report KPIs, then D Betts can develop the essential performance measures for your supply chain or logistics functions.
Our specialists utilise a wide range of methods in performance measurement such as:
- Benchmarking
- Industry best practice
- Global best practice