What is Key Performance Indicator Management in SAP AP-RC - FND Reuse Components?

SAP Term: Key Performance Indicator Management

• Component: AP-RC

• Component Name: FND Reuse Components

• Description: The management of key performance indicators of a company along with their evaluations. It comprises the services to identify, define, and evaluate key performance indicators of a company for management purposes.

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• Key Concepts:
  Key Performance Indicator (KPI) Management is a component of the SAP Reuse Components (AP-RC) that enables users to define, monitor, and analyze KPIs. It provides a comprehensive set of tools to help users identify and measure performance goals, track progress, and make informed decisions.
  
  How to use it:
  KPI Management can be used to create and manage KPIs for any business process or activity. It allows users to define KPIs in terms of objectives, targets, and thresholds. Users can also set up alerts to notify them when KPIs reach certain thresholds. Additionally, KPI Management provides reporting capabilities to help users analyze performance data and make informed decisions.
  
  Tips & Tricks:
  When creating KPIs, it is important to ensure that they are measurable and actionable. Additionally, it is important to ensure that the KPIs are aligned with the overall business objectives. Finally, it is important to regularly review and update KPIs as needed in order to ensure that they remain relevant and useful.
  
  Related Information:
  KPI Management is part of the SAP Reuse Components (AP-RC). Other components of AP-RC include Business Process Modeling (BPM), Business Rules Management (BRM), and Business Process Execution Language (BPEL). Additionally, KPI Management can be used in conjunction with other SAP solutions such as SAP Analytics Cloud and SAP BusinessObjects.