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Key Performance Indicators (KPIs)
Metrics used to measure the success and efficiency of various processes within wholesale distribution.
Implications
Quantifiable metrics used to evaluate the success of an organization, project, or individual in achieving specific objectives, often used in performance management to track progress, identify areas for improvement, and ensure alignment with strategic goals.
Example
Example: A marketing team tracks Key Performance Indicators such as website traffic, conversion rates, and customer acquisition costs to measure the effectiveness of its campaigns and make data-driven decisions.
Related Terms
Different from general metrics, KPIs are specifically chosen based on their relevance to strategic objectives and their ability to provide actionable insights into performance.
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