scholarly journals Evaluation of production effectiveness in garment companies through key performance indicators

2012 ◽  
Vol 12 (2) ◽  
pp. 62-66 ◽  
Author(s):  
S. Spahija ◽  
E. Shehi ◽  
G. Guxho
Keyword(s):  
Performance Indicators ◽  
Value Added ◽  
Key Performance Indicators ◽  
Health Check ◽  
Production Effectiveness ◽  
Definition Of ◽  
A Company ◽  
The Way

Abstract Key Performance Indicators help an organisation to improve productivity and to evaluate its success. Improved productivity is an essential part of increasing the value-added services that companies can offer to clients and hence their competitiveness. By using Key Performance Indicators, a company can establish baseline figures against a number of important areas. They can be considered like a health check on a company or a diagnosis of where a company can improve its performance. The definition of what they are and how they are measured does not change often, but Key Performance Indicators may change as the organisation's goals change. In this paper we present and discuss the way to establish Key Performance Indicators to evaluate the production effectiveness of garment companies. The KPIs are being tested in several garment companies in Albania and actually implemented in 25 companies.

scholarly journals Key Performance Indicators (KPIs) as a Tool to Improve Product Quality

2020 ◽  
Vol 3 (1) ◽  
pp. 347-354
Author(s):  
Katarzyna Midor ◽  
Erika Sujová ◽  
Helena Cierna ◽  
Danuta Zarebinska ◽  
Wojciech Kaniak
Keyword(s):  
Performance Indicators ◽  
Key Performance Indicators ◽  
Improve Product Quality ◽  
Process Measures ◽  
Organizational Unit ◽  
Manufactured Products ◽  
Management Method ◽  
A Company ◽  
Financial Process

AbstractThe literature includes a wide selection and distribution of performance indicators to be used in different areas of the company. The paper highlights the Key Performance Indicators (KPIs) as those that are the most universal and allow the control of intended targets in different areas of the enterprise. KPIs are financial and non-financial process measures used to assess the degree of achievement with regard to strategic and operational objectives in a company. They are also used to measure the effectiveness of all activities undertaken in an organizational unit. The paper presents the possibility of using KPIs to improve the quality of manufactured products, by analyzing the trend of selected indicators. This analysis gave an impulse to undertake improvement actions in the company consisting in the use of quality management method – in this case 5 WHY leading to the initiation of preventive and corrective actions in the occurrence of defective products.

scholarly journals Key Performance Indicators for the Upgrade of Existing Coastal Defense Structures

2021 ◽  
Vol 9 (9) ◽  
pp. 994
Author(s):  
Sara Mizar Formentin
Keyword(s):  
Performance Indicators ◽  
Key Performance Indicators ◽  
Extreme Weather Events ◽  
Wave Forces ◽  
Sea Levels ◽  
Existing Structures ◽  
Weather Events ◽  
Design Alternatives ◽  
Coastal Defense ◽  
Definition Of

Due to the effects of climate change on the sea levels and on the frequency and intensity of extreme weather events, many coastal defense structures are expected to be exposed to increased loads with respect to their design conditions in the near future and need to be upgraded. Often, several design alternatives are available, and the identification of the ideal solution is not straightforward. Solutions that are effective in reducing overtopping and ensuring hydraulic safety may reduce or compromise the structural performance. Solutions that are both hydraulically and structurally effective may be extremely expensive and/or environmentally harmful. Using consolidated techniques of Multi-criteria analysis, this contribution proposes a simple methodology to consistently compare and rank the performance of several alternative approaches to upgrade existing structures, and to individuate the best solution. The proposed methodology consists of Key Performance Indicators (KPIs) of alternative solutions of upgrades, considering the reduction in the wave overtopping discharge (q) and the wave forces (F) by limiting costs and environmental impact. The definition of the KPIs was developed on the basis of new experimental data of q and F at dikes with crown walls and parapets, but it can be applied to various structure types, sea levels, and wave conditions. The application of the KPIs to the new experiments prompts a few conclusions of practical utility concerning the effectiveness of berms, crown walls, and parapets as elements to upgrade existing dikes.

scholarly journals Evaluation of Scientific Research Based on Key Performance Indicators (KPIs): A Case Study in Al-Imam Mohammad Ibn Saud Islamic University

2020 ◽  
Vol 13 (1) ◽  
pp. 34
Author(s):  
Fahad Omar Alomary
Keyword(s):  
Higher Education ◽  
Saudi Arabia ◽  
Performance Indicators ◽  
Scientific Research ◽  
Value Added ◽  
Key Performance Indicators ◽  
International Standards ◽  
Future Research ◽  
The Government ◽  
Ministry Of Higher Education

Several years ago Key Performance Indicators (KPIs) becoming a best measurement practiced by the government sectors. The Ministry of Higher Education in Saudi Arabia opens up to new technology, opportunities, and improved ways to acquire and disseminate scientific teaching and research to bring quality at par with the international standards. KPIs provide quality assurance to the scientific research and higher education. The KPIs are variable and designed specifically for a particular entity such as education, research, finance, operation management etc. Scientific research in Saudi Arabia needs special attention from governing bodies and those who are already involved in scientific research. In case of Al-Imam Muhammad Ibn Saud Islamic University (IMAMU), performance indicators are implemented but with skepticism. In future research, the Ministry of Higher Education, Saudi Arabia should provide the best indicators to measure the performance of Saudi universities by putting some value added in implementation of KPIs. Furthermore, third parties such as government servant and stakeholders should togetherness in performing their jobs to make sure everybody is complying with KPIs sets by its agencies.

Key Performance Indicators of Small Business in Russia

2020 ◽  
Vol 2020 (4) ◽  
pp. 224-242
Author(s):  
Vasiliy Kuznetsov
Keyword(s):  
Small Business ◽  
Performance Indicators ◽  
Small Businesses ◽  
Private Investment ◽  
Key Performance Indicators ◽  
Financial Statement ◽  
Gradient Boosting ◽  
Data Set ◽  
Minimum Number ◽  
A Company

Lack of transparency predetermines the shortage of private investment in small business. Financial statement presents the only source of information which reflects the performance of a company but does not provide the investor with sufficient data for proper decision making. Therefore, it is mandatory to develop a set of key performance indicators that will assess the viability of a company and reduce investment risks. Specific nature of small business determines the need to use a minimum number of parameters. To develop the system, the author examines two groups of enterprises: with a bankruptcy claim and without it. The data set consists of financial statement indicators and economic indicators. The use of random forest methods and gradient boosting confirmed the existence of differentiating parameters between successful and unsuccessful businesses: short-term accounts payable, profitability ratio, revenue trend, equity to total assets, receivables index, gain and loss on sale. The established system offers high accuracy for company’s success/bankruptcy forecast. Applying the findings will ensure greater transparency and investment attractiveness of small businesses.

Key Performance Indicators in Claims Management: Definition of a set of indicators for the evaluation of the Medico-Legal Activity

2021 ◽  
Vol 22 ◽  
Author(s):  
Matteo Scopetti ◽  
Martina Padovano ◽  
Federico Manetti ◽  
Vittorio Gatto ◽  
Stefano D'Errico ◽  
...  
Keyword(s):  
Performance Indicators ◽  
Process Analysis ◽  
Key Performance Indicators ◽  
Medical Liability ◽  
Prevention Measures ◽  
Strategic Decisions ◽  
Strategic Choices ◽  
Definition Of ◽  
Claims Management

Background: In recent decades, in the field of healthcare, awareness of the problems inherent to the quality has steadily increased. Currently, the evaluation of healthcare activities is one of the ways in which health systems regulate internal relationships and define strategic decisions. Objective: The study aims to describe in detail the entire process of developing a group of Key Performance Indicators for monitoring and implementing the management of litigation due to medical liability. Particularly, the objective is to centralize and standardize the indicators to provide scientifically reliable data on claims management to hospital professionals responsible for strategic choices. Methods: The study was conducted to analyze data relating to the claims management at Umberto I General Hospital in Rome from 2012 to 2018. All claims reported were classified according to a selection of the categories coded in the International Classification for Patient Safety system, the economic features, and the chronological references of the main management extrajudicial and judicial phases. The Process Analysis Method was followed to develop significant indicators for measuring the performance and the quality of claims management. Results and Conclusion: The results obtained demonstrate how the assessment of performance in claims management can potentially lead to greater risk control with significant repercussions in terms of reduction of disputes, speed in settling claims, reduction of management times, planning of loss prevention measures, and implementation of quality of care.

scholarly journals Generating strategies with KPIs (Key Performance Indicators) through the use of TIC’s (Information and Communication Technologies)

2020 ◽  
pp. 1-6
Author(s):  
Jesús Abraham CASTORENA-PEÑA ◽  
Alicia Elena SILVA-AVILA ◽  
Rubén Álvaro GONZÁLEZ-BENÍTEZ ◽  
Jehú Efraín MARTÍNEZ-CASTRO
Keyword(s):  
Information And Communication Technologies ◽  
Performance Indicators ◽  
Communication Technologies ◽  
Key Performance Indicators ◽  
Relevant Information ◽  
Sql Server ◽  
Information And Communication ◽  
A Company ◽  
Design Construction

Organizations are facing an uncertain scenario due to business dynamics and the evolution of their technical terminology to adapt to new ways of competing in the environment, which requires assertive indicators to ensure permanence and success in the medium and long term of any company. Through the use of KPIs, organizations have the opportunity to analyze and monitor relevant information from their company to make the operations of a company's sales area more efficient. The objective of this study is to propose a set of key performance indicators (KPI's) that allow the performance of a company dedicated to the activity of commercialization and manufacture and import of cleaning products to be measured, which is analyzed using the monetary variables of units or percentages. For the development of the investigation, Microsoft SQL Server was used as technological tools for the creation of the data model, and for the design, construction and analysis of the KPIs, the BSC Designer tool was used.

scholarly journals A Methodological Framework for the Selection of Key Performance Indicators to Assess Smart City Solutions

Smart Cities ◽  
2019 ◽  
Vol 2 (2) ◽  
pp. 269-306 ◽  
Author(s):  
Komninos Angelakoglou ◽  
Nikos Nikolopoulos ◽  
Paraskevi Giourka ◽  
Inger-Lise Svensson ◽  
Panagiotis Tsarchopoulos ◽  
...  
Keyword(s):  
Performance Indicators ◽  
Smart City ◽  
Key Performance Indicators ◽  
Lessons Learned ◽  
Sustainable Cities ◽  
Novel Technologies ◽  
Technology Service ◽  
Definition Of ◽  
Business As Usual ◽  
Selection Of

Smart and sustainable cities are expected to form a cornerstone for achieving resource efficiency and sustainability worldwide. In this specific study we introduce a holistic framework for determining a repository of key performance indicators (KPIs) that are able to evaluate both business-as-usual and novel technologies and services related to smart city solutions. The framework includes six steps: (a) Clustering of the technology/service solutions into groups called Transition Tracks; (b) definition of the main groups of stakeholders; (c) definition of KPIs dimensions (or domains); (d) definition of KPIs repository per dimension; (e) definition of the scope of evaluation per KPI; and (f) threshold definition per KPI. The implementation of the proposed framework led to the development of a repository of 75 KPIs categorized in six dimensions (technical, environmental, economic, social, ICT and legal KPIs) with the corresponding levels of assessment and stakeholders’ group of interest. The proposed repository can serve as a great basis for similar projects to monitor and evaluate the performance of their solutions. Tips and guidance based on the actual implementation and lessons learned from a smart city project are provided.

scholarly journals Selection of Performance Objectives and Key Performance Indicators in PPP Projects: A Review

2021 ◽  
Author(s):  
Anna Mathew ◽  
Seema K Nayar ◽  
Santhosh Sathyapal
Keyword(s):  
Performance Management ◽  
Performance Indicators ◽  
Key Performance Indicators ◽  
Performance Management System ◽  
Successful Performance ◽  
Construction Market ◽  
Global Construction ◽  
Definition Of ◽  
Selection Of

Public-Private Partnerships (PPP), now applied widely in the global construction market, are more complex than conventional public procurements in economic, social, political, legal, and administrative aspects. Therefore, in order to ensure good performance and subsequent success of project, PPPs require a well-formulated performance management system that takes into consideration the perspectives of all stakeholders involved. A general agreement on how to measure success is necessary, which may be achieved by the definition of Performance Objectives (POs) of the project. Further statistical evidence, often labelled Key Performance Indicators (KPIs), may be employed to ensure that the actual progress is at par with the targeted. Determination of appropriate POs and KPIs is important for successful performance management. Numerous studies have been conducted worldwide to identify a desirable set of POs and KPIs in PPPs.

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