article thumbnail

Three Predictions for Supply Chain Operations in 2024

Ivanti

That’s right — with more data available, operations teams can expand KPI visibility to their workers, and with it some creative incentives. Fun and games (and making money): gamified incentives Competition is said to drive the very best businesses and products forward. But how about talent?

KPI 101
article thumbnail

15 Key Product Management Metrics and KPIs

Altexsoft

It’s an effective KPI to use to monitor a company’s current health and it’s especially valuable in SaaS businesses working on a subscription basis. The point of this KPI is to show you how much you can spend to attract a new customer at an early stage, regarding the probable profit from one person. How to use MRR and ARPU.

Metrics 92
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Net Promoter Score: How to Use and Track the Main Loyalty Metric

Altexsoft

Usually, in addition to sales volume and market share, you tend to use most popular product management KPIs. One of the most efficient and valuable metrics here to implement is the Net Promoter Score. What’s Net Promoter Score? For instance, Amazon has a Net Promoter Score of 69, which is over 30 percent above its industry norm.

.Net 73
article thumbnail

RevPAR, Occupancy Rate, ADR, and Other Hotel Metrics: How to Evaluate Your Property’s Performance

Altexsoft

Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. Revenue managers have to focus on this KPI to develop the revenue potential of all hotel departments and adjust the package offers and the entire upselling strategy. The CPOR is a crucial KPI that allows you to monitor your expenses.

Hotels 64
article thumbnail

Product Life Cycle: How to Extend Your Product Market Presence

Altexsoft

KPI – Indicators to trace at the entry level. The purpose of this KPI is to indicate the profit from the entire relationship with the customer. This KPI displays the overall number of people who discovered and visited your website or application. KPI – Points to Track the Growth. Number of Sessions per User.

article thumbnail

How to Build a Product Marketing Strategy for Your Software Solution

Altexsoft

At the primary research phase, plan out personal interviews, group surveys, and focus groups with your potential or current clients. You can do it by tracking sales volume and several other metrics that allow you to measure the success of a product: market penetration rate, net promoter score, and return on investment. Social media.

article thumbnail

How to Successfully Implement HR Analytics and People Analytics in a Company

Altexsoft

In January 2018, The US Bureau of Labor Statistics conducted an employee tenure survey. If you already use custom KPIs or you want to introduce some, document them in addition to standard HR metrics. When documenting a custom KPI or metric, describe in detail: What measure it expresses. Net promoter score. Compensation.