NEW INDICATOR AND SHARES CONTROLS FOR YOUR COMPANY!

Gone are the days when it was enough to know the raw material, the value of the final product and the operating costs to calculate a company's performance.

por NTICS | 29 de November de 2021

Technology helped yes, but new social and environmental needs emerged and impacted performance in the business sector.

Performance indicators are management tools that use indexes, targets and tolerance ranges to measure the activity of a corporation and support decision-making by its leaders. With them, it is possible to correct management problems, encourage teams, optimize processes, produce with superior quality and, consequently, increase profitability.

Through the performance indicators, it is possible to know if the goals were reached, if the use of resources was effective and what failures occurred. Some important indicators are:

1) Strategic performance indicators: to check the company’s progress in relation to its strategic objectives, those essential to define the next steps of the business, such as invoicing and productivity.

2) Process performance indicators: aim to measure the progress of a process, focusing on how each task is performed. They measure the ability to produce or sell, in how long.

3) Competitiveness indicators: aim to measure the company’s data in relation to its competitors in the market. Prices, delivery times, number of employees, adoption of new technologies, production capacity, distribution and commercialization are other factors that, compared to the competition, can indicate how competitive a company is.

4) Quality indicators: These include indicators of effectiveness, efficiency and effectiveness. Their main objectives are to identify critical points and indicate how they can impact the quality of the product or service produced and guide decision-making that ensures the achievement of the desired goals. They verify the relationship between a company’s deliveries and the resources used to make them. Through this group of indicators, it is possible to combat the waste of resources and inputs, reducing production costs without, however, compromising the quality of what is being delivered.

5) Impact indicators: measure the usefulness and impacts generated by the products or services produced and delivered, that is, whether or not that project has benefited the company, the community, the customer, whatever the target audience you want to reach .

6) Profitability and profitability indicators: analyze how much return the company generates with its efforts.

7) Value indicators: measure the relationship between the perceived value of a product or service and what was actually spent on its acquisition. These are the indicators that check whether what was paid for a product or service is in line with the benefit it provides. If he is “worth what it costs”.

With climate change and the growing consumer concern with the origin of products, it is also necessary to implement sustainability indicators. They diagnose and assess the degree of sustainability in waste management, focusing on social, environmental and economic dimensions. Thus, assisting in the definition of objectives and goals for continuous improvement.

We list suggestions for new sustainability indicators to be implemented within the company:

Existence of health risk situations in activities related to waste management, to monitor the safety of workers who carry out waste management.
Existence of a waste management plan.
Existence of employee participation channels in the decision-making process for waste management, which helps to verify the implementation of the reverse logistics system.
Existence of selective collection.
Partnerships for the disposal of waste, which can be reused in another sector or business.
Existence of channels for disclosing information relating to waste management, such as sustainability reports.
Waste management accounting to verify that the cost of waste management is within the organization’s budget.
Reduction in waste generation, consumption of water, energy and other inputs.

Once the performance indicators are defined and implemented, the follow-up must be periodic. Thus, it allows a view of their behavior over time.

Do you want to understand how your company can be more participatory in the development and social responsibility movement? This initiative increases ESG rates with a focus on Social, proving that the company is truly engaged with sustainability. Get in touch and discover alternatives to work for a purpose. Get in touch through the website https://nticsprojects.com

Whatsapp | E-mail: contact@nticsprojects.com | Phone +1 (407) 258 3604

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