KPIs & Benchmarking
Business owners often here words like KPIs (Key Performance Indicators), Benchmarking, Best in Class, Six Sigma, etc. what does that mean for your business? At TRJ we believe in teaching and leading, not consulting and leaving. When done correct a KPI can truly transform your business from Cash Management to Sales Growth. As an example let's say for a minute you have multitude of SKUs / Products and you are determining what is your best sellers, that may be false indicator given that the one that sells the most may be the hardest to produce, acquire, or lowest quality (Just examples). In that situation sales look great, but margin not so much. This is one simple example of how the TRJ process can help drive "smart" business decisions!