supply chain performance metrics

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supply chain is where the set of resources and related procedures. Typically, this begins with the provision of raw materials to be used and then extends to product delivery to customers. These are important things that must be considered in terms of the company because of the fact that this is also connected to other departments, including customer service and communications center. With great importance, many companies are now ensuring that their supply chain management taken care of properly. This will enable them to meet their customer demand with ease. This is why they have created to measure supply chain to guide them with a system that covers the entire material flow and business information to end consumers.

So what steps the supply chain? Actually there are two categories in which these principles will be classified. They are qualitative and quantitative measures. At first, this is where customer satisfaction is measured and the quality of products delivered. On the other hand, quantitative measures are those which are calculated as the time between order and delivery process, the response of the supply chain in terms of time involved, the utilization of resources and delivery performance. Many studies have shown that the quantitative performance of a truly effective and therefore should be given all the attention they need.

Supply chain performance measurement is usually carried out by the company on a regular basis. This will give a description of what he should do so that he can improve the health of this section and the entire company as well. But this requires a multidimensional strategy that will discuss how the company will present to customer service. Typically, the steps are the same supply chain with other steps in the company. However, one can observe that there is a special purpose here is to make every supply chain metrics that are different from others.

quantitative measure supply chain is broken into the classification: financial and non financial. At last, these include cycle time, inventory levels, customer service and level of resource utilization. These are all important in such a way that this will help the company saw improvements as well as malfunctions in the delivery process, especially in the lead or cycle time. Timeline of delivery allows the owner to determine precisely how well the organization responded to the call of their customers and the result will look through the report.

Meanwhile, financial measures are those which consist of material costs, revenues received from products sold, the cost of each shipment and transportation, the cost for the supply of perishable ended, penalties for late or incorrect delivery, credit from suppliers for their mistakes as well as on the back release schedule and cost of goods returned by customers.

By Sam Miller, Article Source:
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hospital performance metrics

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What clinics and shops laundering have in common? They both use the metric system performance. Yes, every business operation today in all industries now require the use of scorecards and other performance measuring tools. This is because everything in business takes time, effort, and money must be measurable. If you can not measure your business, how then can you possibly profitable business? The actual risk is not in the business know the threat but to know the variety. Fortunately, the manager of the clinic to find a friend in clinical metrics.

Fortunately, the manager of the clinic, there is no way to know the measured aspects of clinic operations. There are ways to find out more, and supplies below. There are ways to determine if adequate medical facilities for the number of patients who are served or not. There are methods to determine if treatment is successful or not. There are several ways to determine whether an upgrade of medical equipment is a priority or not. And there is even a system to identify compliance with the clinic for health insurance and accreditation requirements.

Metrics for clinical operations, in short, is knowing the good manners and bad business. Typically, managers will take the bad, then change or improve it. But most of the time, managers increase the good and spend extra to make it more useful. In using the metric to evaluate the clinical performance, there are various types of managers can be used. Four types of metrics for clinical focus on key aspects such as health insurance, health, medicine, and health facilities.

Health care industry could become a vast industry to handle. However, measuring the medical aspects of the clinics is simple. Government and accreditation agencies even require the clinic to have a uniform set of key performance indicators only for the standardization of the measurement scheme. However, some clinics may provide special services for specific markets. Therefore, there needs to be adjusted to the needs wise key performance indicators. Some custom KPIs include infection control and patient waiting time. Major metrics deal with the administration of clinical, patient satisfaction and service, emergency services, and financial operations. Sample metrics might include aspects such as clinical negligence, death within one month of operations, readmission to hospital discharge in one month, and death within one month bypass surgery.

The second type of transaction metrics with health insurance. This is an important aspect for a business that involves the patient's health and welfare at risk. This aspect is the focus on the customer. And can cover the financial, operations, customers, and services. Examples of metrics is a new business premiums, the IRR on new business, external funds under management and operating profit.

Metrics on medical supplies do more than just inventory valuation. They also include review of expired drugs, the right shelf, or storage of medication, proper administration of medications, and fair price for drugs, and other equipment. Example metrics can include a variety of products, market diversification, contract vendors, and representatives of producers.

The presence of medical equipment and qualified staff will be in vain without proper health care facilities. That's usually the size of the customer perspective, and social accountability. In short, the clinic itself reflects the quality of service.

When buying a clinical metric system, it is very important then to find the four main indicators. Curiously, all four metrics are available as a bundle or package. Knowing what you have to measure the metric system will give you the edge clinics to improve and excel.

By Sam Miller, Article Source:
http://EzineArticles.com/?expert=Sam_Miller

key performance metrics

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One very important thing in designing dashboard is deciding key performance metrics, this article gives you understanding on what key performance metrics.

Performance metrics measure the selected dimensions of the organization to enable management to assess the position and take appropriate action to move towards the target. The main objective is to increase performance throughout the whole host of dimensions as selected by the organization's leadership. In addition, performance metrics to help management, increase organizational effectiveness, efficiency and internal controls.

To become the most value for management, performance metrics should ideally be specific, measurable enough, cheap, easy to communicate, and able to guide action. Various software packages are available to help management prepare, analyze and report data needed for the task.

Use of performance metrics requires four steps - select key issues, critical processes and customers that require the measurement results; develop relevant metrics; determine the target, and, finally, the performance moves toward the target.

Perhaps the most famous performance metrics are associated with financial performance. For this purpose, the management has been available all line items included in financial statements shall be added externally reported internal management reports. financial statement line item covering popular concepts such as total revenue, earnings before interest and taxes, interest expense, income after tax, total liabilities, and net cash flow.

This financial line item, in turn, is used for the analysis of financial ratios. This technique involves two or more related items of common lines in order to examine key areas of financial performance. These areas include revenue and cost behavior, balance sheet strength, capital structure, cash flow generation and profitability. The main audience for financial metrics is the management and owners of the organization, namely, the shareholders.

Early 1980s, the organization and various stakeholder groups they began to articulate the need for a set of broader performance metric, which reached more than financial performance. They called for the metric that measures the performance of the organization in connection with customers, employees, and society at large.

To fill the gap, the performance metrics framework known as the Balanced Scorecard emerged in the early 1990s. Its metric covers four areas - financial, customer, business process plus learning and growth. Balanced scorecard quickly adopted by many organizations in the private sector, government officials and non-profit sector. This remains an important performance management tool today.

Governance, environment, carbon emissions and climate change have all become areas of particular focus in recent years pushed the organization to respond by developing metrics to communicate performance in this problem.

Performance metrics are measured for an organization to routinely compared with the values of the past to ensure improvements are being achieved. In addition, they must be compared with metrics of peer group organization. This latter ratio is known as benchmarking and an important method for an organization to understand and monitor the relative competitive position.

Article Source:
http://EzineArticles.com/?expert=Kevin_Shaper

performance metrics

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This article give you guidance how to measure the business performance using performance metrics.

Performance metrics measure the selected dimensions of the organization to enable management to assess the position and take appropriate action to move towards the target. The main objective is to increase performance throughout the whole host of dimensions as selected by the organization's leadership. In addition, performance metrics to help management, increase organizational effectiveness, efficiency and internal controls.

To become the most value for management, performance metrics should ideally be specific, measurable enough, cheap, easy to communicate, and able to guide action. Various software packages are available to help management prepare, analyze and report data needed for the task.

Use of performance metrics requires four steps - select key issues, critical processes and customers that require the measurement results; develop relevant metrics; determine the target, and, finally, the performance moves toward the target.

Perhaps the most famous performance metrics are associated with financial performance. For this purpose, the management has been available all line items included in financial statements shall be added externally reported internal management reports. financial statement line item covering popular concepts such as total revenue, earnings before interest and taxes, interest expense, income after tax, total liabilities, and net cash flow.

This financial line item, in turn, is used for the analysis of financial ratios. This technique involves two or more related items of common lines in order to examine key areas of financial performance. These areas include revenue and cost behavior, balance sheet strength, capital structure, cash flow generation and profitability. The main audience for financial metrics is the management and owners of the organization, namely, the shareholders.

Early 1980s, the organization and various stakeholder groups they began to articulate the need for a set of broader performance metric, which reached more than financial performance. They called for the metric that measures the performance of the organization in connection with customers, employees, and society at large.

To fill the gap, the performance metrics framework known as the Balanced Scorecard emerged in the early 1990s. Its metric covers four areas - financial, customer, business process plus learning and growth. Balanced scorecard quickly adopted by many organizations in the private sector, government officials and non-profit sector. This remains an important performance management tool today.

Governance, environment, carbon emissions and climate change have all become areas of particular focus in recent years pushed the organization to respond by developing metrics to communicate performance in this problem.

Performance metrics are measured for an organization to routinely compared with the values of the past to ensure improvements are being achieved. In addition, they must be compared with metrics of peer group organization. This latter ratio is known as benchmarking and an important method for an organization to understand and monitor the relative competitive position.

Article Source:
http://EzineArticles.com/?expert=Kevin_Shaper