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KPIs transcend mere numbers or metrics; they serve as a means to comprehend your business’s performance, enabling procedural adjustments and the attainment of long-term goals. By identifying appropriate KPIs and measuring them, you can expedite results and gain a deeper understanding of your accompl...
Key performance indicators come in many flavors. While some are used to measure monthly progress against a goal, others have a longer-term focus. The one thing all KPIs have in common is that they’re tied to strategic goals. Here’s an overview of some of the most common types of KPIs...
A key performance indicator (KPI) is a value that measures how effectively a company is performing towards key business objectives. Businesses use KPIs to monitor their progress towards reaching goals that range from high-level strategic KPIs to short-term operational KPIs. ...
Browse KPI examples What’s the difference between a KPI, a target, and a goal? Occasionally you will see people use the term ‘KPI’ interchangeably with ‘goal’ or ‘target’. It’s better to treat them as three distinct things. ...
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What is the MTBF Means? Guest post byMsc Teofilo Cortizo The term MTBF (Mean Time BetweenFailures) within maintenance management, it is the most importantKPIafter PhysicalAvailability. Unlike MTTF (Mean Time To Failure), which relates directly to availableequipmenttime, MTBF also adds up the tim...
Take the Free, Interactive eMaint Tour What is the Definition of CMMS? Key Term Meanings A Computerized Maintenance Management System, or CMMS, simplifies maintenance management across assets, work orders, parts, reporting, and beyond, streamlining the organization and centralization of asset data – ...
Liquidity ratios: KPIs that measure how well a company will manage short-term debt obligations based on the short-term assets it has on hand. Also known ascurrent ratios, which divide current assets by current liabilities. Profitability ratios: KPIs that measure how well a company is performing ...