Back to Hub

Success with Value-Based Design: Identifying Critical Factors of a Key Value Indicator (KVI)

01/26/2018 By

Image by Karolina Grabowska from Pixabay

Spend Matters welcomes this guest post from Paul Staelin, senior vice president of go-to-market for business intelligence and analytics at Birst, an Infor company.

Value-based design (VBD) — a methodology that uses analytics to drive meaningful results — has proven to have a great impact on a company’s bottom line. When it comes to VBD, the most important metric for any group of people within a company is the key value indicator (KVI). This metric is often used to evaluate the group manager’s performance, resulting in great reward or potential termination. Once KVIs are identified, they are then arranged into a value plan, which is later addressed and tracked via an analytics solution.

This article requires a paid membership that has access to Spend & Procurement Analytics.
Please log in or create an account to view this article