Define: Key Performance Indicators

UK Accounting Glossary

Definition: Key Performance Indicators


Quick Summary of Key Performance Indicators


Quantified measures of factors that help to measure the performance of the business effectively.



What is the dictionary definition of Key Performance Indicators?

Dictionary Definition



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Full Definition of Key Performance Indicators


Key business statistics such as number of new orders, cash collection efficiency, and return on investment (ROI), which measure a firm’s performance in critical areas. KPI’s show the progress (or lack of it) toward realising the firm’s objectives or strategic plans by monitoring activities which (if not properly performed) would likely cause severe losses or outright failure.


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Examples of Key Performance Indicators in a sentence


You should be monitoring your key performance indicators to assess if performance is going as well as it should be.
There are no KPIs currently in place for product returns neither is any provisions requiring the company to keep data on the subject.


Key Performance Indicators FAQ's



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This glossary post was last updated: 23rd December 2018.