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The Need to Have Indicators for Quality |
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Navigation: All Balanced Scorecard Articles > General There are actually many different indicators of quality. Their functions and uses as well as how they can help the company as a whole also vary. Check additional information about Indicator for Quality. Metrics, indicators, key performance indicators or KPI's are more or less alike in function-they are quantifiable measurements that allow a business to evaluate their work and performance. Such indicators for quality reflect if the company is still on the right track when it comes to achieving its corporate aims, goals, and objectives. A good indicator for quality is useful for a business. Quality will always be a focus for a business. Poor quality will mean sure extinction for a business. Good quality, however, will elevate it to statuses much higher. It begets greater profits and attracts more customer loyalty. It is generally known that quality and customer satisfaction are both inseparable entities. Furthermore, maintained good quality will mean professionalism. This is very important nowadays as the world is thrust into a global recession. As the credit crunch creeps in, efficiency has to be top of the line. And efficiency always means giving top quality every time, all the time. It ensures that the flow of profit remains relatively undisturbed amidst tough and trying times. KPI's are dependent on the nature of the business. No two companies can ever have the same set of KPI's, of course. This goes even for competing companies. As mentioned earlier, the KPI's of a company reflect the goals it wants to reach. It would be highly unlikely that companies share this much of a semblance. KPI's are also things that are not constant. As a company grows and more demands are made of it, so does its way of presenting itself and its strategy, and thus its KPI's. These indicators should be occasionally checked to see if they are still effective in upholding the company's ends. As such, these indicators should be closely monitored to see fluctuations. For quality indicators, a good source of improvement would have to be the customers. This is imperative because they are the end recipients of your services. Thus, their opinions and contributions would largely help the company. For example, this can be done by selecting some customers to answer a questionnaire sheet about the company's services. Other times, a personal opinion from the customer may be asked. In other terms, feedback is one of the keys. Additionally, there are also many kinds of indicators divided into different groups. For example, there are the ingredients or quality. This indicator tackles quality at its first point: the provider of the service. This indicator puts the amount of work that follows the company's standard guidelines. Another example stems from the maintenance of the company's products. For example, what proportion of the products stay true to the principles of the company? Additional indicators have something to do with the internal makings of the company, like management and personnel training. Additionally, some quality markers are the sales made by the company. As mentioned earlier, these things can be variable because of the identity of different companies. Indicators for quality should thus be one of the things that a company must focus on. For one thing, it encompasses many aspects of the business itself. If you are interested in Indicator for Quality, check this link to find out more about metric for quality control. Also, you can check other articles in General category. |
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