Business performance management (noun) is a systematic approach to monitoring and measuring key business metrics, to ensure alignment with strategic objectives. For instance, a manufacturing company might track production efficiency and inventory levels to optimize operations and meet customer demand.
Business performance management is vital for enhancing efficiency, driving growth, and achieving sustainable success. Historically, manual methods gave way to technology-enabled solutions, empowering businesses with real-time data and advanced analytics.
Originally posted 2024-02-09 09:18:52.