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Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
5 / 1398 |
Essay's paper body
Key performance indicators (KPI's) were developed so that on the store level the managers would be able to observe statistics and analytical data pertaining to the store such as P & L statements, Historical inventory data, Rx, Lost prevention and countless other parameters. With this data managers were able to discover gaps in statements and therefore implement action plan to improve them...
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With this data managers were able to discover gaps in statements and therefore implement action plan to improve them. Based on graded KPI's, sales improvement, gross profit improvement, inventory and expense control; the company was able to arrive to a quantitative formula that bonuses would be based upon that were better aligned with the companies business objectives...
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