Keeping your finger on the pulse of your business is critical to ensuring not only the longevity of the company but also the trust and advocacy of your customers.
Regardless of the size of an organization, there are a number of metrics that help give insight to the current financial status, and also help forecast future growth.
A management dashboard is a tool that is commonly used to present all important KPIs in a single place; these may include CAC, # of new customers YoY, revenue and profit actual v’s goals, etc. They act as a visual way to share insights with c-level executives in an efficient way and empower the management to make fast and data-driven decisions based on the latest information.
A step further than this is the introduction of other similar dashboards which report on return on assets (ROA) or return on equity (ROE) and in turn, show how efficiently the company’s assets are being used to generate profit. This metric can often also indicate how efficiently you deploy the available resources compared to others in the industry and help contribute towards forecasting future growth.
Aside from the high-level financials, a third data set focused on customer-facing metrics such as quality, satisfaction, on-time delivery (OTD), and operational KPIs, completes the trio. Combine this with a financially sound baseline and transparent data and you have the apotheosis of success.
Bringing financial sapience into partnerships of scale is often seen as a strong indicator of professionalism, and develops incredible trust and confidence. One such company doing this are NS KUNSTSTOFFTECHNIK - CZ. As industry stalwarts for all things plastic, they work hand-in-hand with sister company ADIS Tachov s.r.o. to deliver multiple millions of parts to the auto world each year.
Comprising a management team that understands what drives the business, how investment and working capital are linked to sales and output, and how customers benefit from the undulating approach to perfection, they provide a benchmark against which others strive to achieve.
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