🚀 Run a SMART RACE With Your KPIs – and Win Big!

 “Not all KPIs are created equal. The right ones will move your business forward. The wrong ones? Just noise.”

Key Performance Indicators (KPIs) should do more than track numbers—they should support your business strategy. That’s why we believe in KPIs that help you run a SMART RACE.

Here’s how to build KPIs that work for you, not just your dashboards.

🎯 What Makes a KPI SMART?

Think of SMART KPIs as your strategic compass. Every strong KPI must be:

·        Specific – Focused on one clear objective

·        Measurable – Based on real, trackable data

·        Achievable – Realistic and within the team's control

·        Relevant – Aligned with your business goals

·        Time-bound – Bound by a defined timeframe

But that’s just the first lap. To be effective, your KPIs must help you RACE.

🏁 What Makes a KPI RACE-Ready?

RACE is about usability and impact. Your KPI should also be:

·        Referencable – Benchmarkable (internally or externally)

·        Actionable – Drives decisions or improvements

·        Consistent – Measured the same way every time

·        Easily explainable – Anyone should get what it means

Together, SMART + RACE = KPIs that lead to insight, action, and results.

✅ Examples of strong SMART RACE KPIs for which clear, realistic targets can be defined

·        📈 Monthly Sales Revenue

·        💡 Quarterly Customer Retention Rate (%)

·        ⚙️ Production Defect Rate (%) per Batch

·        📦 Monthly and Quarterly Inventory Turnover Ratio

·        🚚 Monthly Delivery Performance (OTIF%)