3 KPIs you probably don't know (+ Free Webinar on AI)

A lot of people measure their company's success in different ways.

I often get asked what are the right metrics to follow.

There are 100s of them you can find and use, but you need to focus on the most important ones for the growth of your organization.

How to find the right ones?

In this week's newsletter, I am revealing the top 20 KPIs for assessing the performance of your company's processes and achieving the strategic goals.

Nicolas

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Top 20 KPIs You Must Know

KPIs provide valuable data that can be analyzed to make informed decisions about resource allocation, strategy adjustments, and other critical aspects of business management.

In my 15 years working for big companies like PwC and Thales, I have used different KPIs to measure the performance of the processes, and I've seen which one can bring the most value to your organization.

Here, I will reveal 3 underrated KPIs. I also added why, and when you need to use them.

1. Inventory Turnover

Description: The number of times inventory is sold and replaced during a period Formula: Cost of Goods Sold / Average Inventory Why you need to use it: To optimize inventory levels and reduce holding costs When you need to use it: Review it at least quarterly or when you see your cash flow being tight and you are looking for ways to improve your liquidities

2. Invoice Processing Time

Description: How efficiently accounting is at processing invoices Formula: Total invoices processed / Total time spent on invoice processing Why you need to use it: To improve operational efficiency and reduce processing costs When you need to use it: When you need to give a target to your Accounts Payable team and monitor their performance

3. Employee Productivity

Description: Overall productivity and efficiency of the workforce Formula: Total Productive Hours / Total Worked Hours Why you need to use it: To identify areas for improvement and boost productivity When you need to use it: Continuously monitor and improve workforce efficiency, especially in response to significant changes in workforce structure, such as restructuring, hiring, or layoffs. Moreover, when planning training programs to identify areas needing development and after implementing new processes or tools to measure their impact on productivity.

You can read the whole article and learn about the remaining 17 KPIs, such as the Working Capital Ratio or lesser-known ones like the Innovation index.

Also, in the article you will learn about the differences between KPIs and OKRs on my website.

Discover the remaining 17 KPIs here

+ Bonus my 100 KPIs Cheatsheet

I am curious to know if you have already applied some KPIs in your organization and what the results were.

Let me know!

I hope you enjoyed this email. I felt it was important to share these practical insights with you.

Looking forward to reading your questions and responses!

Nicolas

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