Key Performance Indicator { KPI }

KPI means Key Performance Indicator. It is a measurable value in performance management that indicates whether the company or a specific department is achieving the key objectives of the organization. There are distinguished types of KPI in an organization like sales KPIs, production KPIs, Marketing KPIs, etc. It is a quantifiable indicator that gauges the performance of the company. The KPIs in an organization measures the progress towards achieving short-term and long-term goals. It helps businesses to know where exactly they stand and how much they have achieved. Whether good or bad the situation is, a business must know the actual numbers from each department.