True for both people and systems, feedback is essential to learning, evaluation, and adjustment. Performance Measurement is the feedback system for business. It is the key for effective execution because it provides quantifiable status and feedback to improve performance, reduces ambiguity, and drives accountability. Used broadly and consistently across the company, it creates alignment across functional areas and people in your company… and alignment is important for implementing your strategic plan and achieving and sustaining your vision.

Performance Measurement is the feedback system for business.

Despite this, a survey of businesses found 52% never or rarely developed and used performance measures to evaluate the success or failure of business processes and drive execution.

At Supply Velocity we want the Performance Measurement Process to be simple and easy to implement. Our philosophy is that “few measures in the hands of the many is more powerful than many measures in the hands of the few.” Our process follows the Balanced Scorecard methodology, but reduces the allowable number of measures to less than 10, so the effort of measuring is less than the benefit.