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Stop Using The Wrong Inventory Metrics

Chief Executive

Yesterday’s core inventory metrics — inventory turnover (cost of goods ÷ average inventory) and inventory GMROI (gross margin ÷ inventory cost) — fail to provide the essential information that managers need to avoid the twin problems of missing critical potential profits while having to write off large tranches of costly inventory.

Metrics 98
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How to Measure HR Effectiveness with 12 Key Metrics

15Five

You’d be hard-pressed to find a business executive today who doesn’t believe their people are the organization’s most valuable asset. According to Gartner, 58% of organizations say a lack of relevant metrics to track HR progress is one of the top barriers to effective strategic planning. sales revenue, customer service ratings, etc.).

Metrics 90
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HR Finance 101: A Guide To Finance for HR

AIHR

The main responsibility of finance is to allocate and monitor resources that support the goals of the organization while ensuring a balance between revenue and costs. Improving financial strategy: HR needs to understand the factors that drive costs and revenue in their organization. The foundations of finance for HR. Transaction.

Cash Flow 117
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12 digital transformation best practices with examples

Walk Me

12 digital transformation best practices with examples Best practices help focus your efforts as change leadership to drive your organization toward innovation, success, and higher revenue, as staff at every level maintain motivation to succeed for all your change initiatives.

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The Ultimate Guide On Understanding KPI

Vantage Circle

Revenue versus Target. Revenue vs. Target helps you establish a relationship between your projected revenue and actual revenue. Computing these examples of KPI gives you a fair idea of a particular department's current status and your business metrics. These can be for maximizing sales, revenue, site traffic, etc.

KPI 52
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Employee Life Cycle: The Ultimate Guide for HR

AIHR

With a comprehensive understanding of the employee life cycle, organizations can create meaningful policies and procedures that support the growth and development of their most valuable asset–their people. Monitor your onboarding metrics and use them to identify areas where you can make improvements. Employee retention. Recruitment.

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4 Factors to Design the Right L&D Strategy for Your Company

LSA Global

Because leaders now rely more and more on their intangible assets – knowledge, superior leaders, and highly skilled employees – to succeed. No different from any other function, L&D should create a clear business case outlining the ROI of their training plans.