Key Performance Indicators

Key Performance Indicator is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPIs at multiple levels to evaluate their success at reaching targets.

Overview

Key Features


Understanding your vital KPI statistics can assist identifying ways to improve your business efficiency, streamline processes and increase profitability.

  • KPI Scorecard feature provides a list of common metrics to measure your store performance across a range of vital categories such as
    • Sales
    • Service
    • Customers and Supplier Payments
    • General Ledger
  • KPI Scorecard is based on a set of highly customised KPI Definitions that provides
    • a view of your current performance and trending
    • comparison with the PCP (Previous Corresponding Period)

    • This feature is not available in Readysell Lite. 

  


The topics in this section provide information on the Key Performance Indicators feature of Readysell.

Reference

KPI Definitions 

Definition tab

Fields

FieldDescription
NameKPI name.
TargetObjectTypeThe type of business category the KPI is designed for.TypeT
CriteriaSpecifies the Criteria Language expression that is used to calculate each measurement item based on theMeasurementFrequency property. The CurrentValue of the entire KPI instance represents the last measurement value.
DirectionThe Direction { LowIsBetter, HighIsBetter } enumeration value specifies how to treat deviation from a previous measurement result.
ExpressionExpressionEAn expression that is used to evaluate KPI - Sum, Count, Avg, etc.
RangeThe period to analyse.
CompareThe Boolean flag that indicates if current KPI values should be compared to previous values, calculated using the RangeToCompare period.
RangeToCompareThe past period to be compared with the Range. 
MeasurementFrequency The Range is split into intervals, and MeasurementFrequency specifies the size of each interval. For each interval, a KPI value is calculated. 
GreenZone, RedZone Specify the KPI value’s "green" and "red" ranges that can be used for visualization. You can defineConditional Appearance rules that take these values into account. 


Preview tab

In a Preview tab, the current KPI value and the collection of objects used to calculate KPI are available.

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KPI Scorecards 

Fields

FieldDescription
Name Scorecard name 

Indicators Name 

Name of the KPI 
Period Specified KPI range to compare  
Current Calculated current period value as specified in the KPI Expression e.g. AVG(Margin) 
Previous Calculated previous period value as specified in the KPI Expression e.g. AVG(Margin)  
Change Current versus Previous change expressed in percentage 
Trend Better, No Change or Worse 
Sparkline 

Visual representation of

  • previous period value changes (default)
  • current period value changes 
  • both previous and current period value changes


Buttons

Refer to Common Buttons

ButtonDescription
InsertAdd KPI to Scorecard
RemoveDelete KPI from Scorecard
Clear KPI CacheCleaning outdated values from the cache
Show Chart Show KPI results as chart