Performance Management is what organisations do to become more successful and stay ahead of their competitors. In fact, managing performance is THE most critical task of any manager or executive.
Challenges for Procurement
If organisations get it right, their performance management processes help them to better execute their strategy by measuring, reporting and managing progress. The aim of performance management is improving the performance of organisations and individuals. First step in Performance management is to identify the major deliverables. That’s where Key Performance Indicators (KPI) come in. Well-designed KPIs provide the vital navigation instruments that give us a clear understanding of current levels of performance.
There are many KPI’s to choose from. Successful managers understand how to minimize the number of KPI’s without missing essential performance measures. Bur the start is a long list of possible KPI’s.
Here are 2 links to KPI libraries that are very helpful: