This claim is untrue. Key performance indicators (KPIs) are a group of quantitative metrics used to assess the overall long-term performance of an organization.
<h3>What does a manufacturing KPI mean?</h3>
A manufacturing KPI or metric is a clearly defined measurement used to track, evaluate, and improve production processes in terms of quantity, quality, and other cost factors.
<h3>What purposes do KPIs serve?</h3>
Key performance indicator, or KPI, is a quantitative measurement of performance over time for a certain goal. KPIs offer goals for teams to strive towards, benchmarks to evaluate progress, and insights that aid individuals throughout the organization in making better decisions.
<h3>Which five key performance indicators are there?</h3>
The five key performance metrics are:
- revenue expansion
- income per customer.
- margin of profit.
- Retention of customers.
- client satisfaction
Learn more about Key performance indicators: brainly.com/question/28283165
#SPJ13