oboloo

oboloo Glossary

Metrics To Measure Performance

oboloo Glossary

Metrics To Measure Performance

Metrics to measure performance are quantifiable measurements used to track, evaluate and optimize the performance of a business organization. They provide an objective way to assess progress towards goals and strategies, enabling better decision-making within the organization. Examples of metrics include customer satisfaction ratings, profit margins, number of new customers acquired, and time to complete tasks. By tracking these metrics regularly, organizations can gain insights into areas needing improvement and focus on initiatives that will have the biggest impact on their bottom line. With effective metrics in place, businesses can ensure they continue to run as efficiently as possible while providing value to their customers.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971