key performance indicators

Definition

KPI. A set of measures that help a company determine if it is reaching its performance and operational goals. Indicators can be both financial and non-financial, and there is no one set of indicators used by all companies. An example of a financial indicator is same store sales for a retail clothing chain, while an example of a non-financial indicator is the benefits created by hiring new executives.

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My bonus this year is tied to key performance indicators tied specifically to sales coupled with average days outstanding of customer balances.

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The key performance indicators were strictly paid attention to throughout the production and marketing processes so we were expecting favorable results.

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An analysis of the key performance indicators revealed that much greater profits were realized when time tested policies were adhered to, rather than just "winging it".

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