KPI for Pharmaceutical
KPI for Pharmaceutical
As market pressures demand increased innovation and shorter time-to-market product lifecycles, pharmaceutical companies need to re-think evaluating alternative business models, focusing on technologies – such as business intelligence (BI) tools.
Pharmaceutical companies must use key performance indicators, trend analysis and other business metrics to ensure that they make the most precise and educated decision to control costs, reduce waste and improve productivity; thereby help increase profitability of the company.
A KPI is the measure of a process that is critical to the success of an organization. Many organizations use KPIs. There are a number of performance measures that define the success of a project or organization.
The KPIs are essentially the evidence that culture change and process improvement are actually leading to positive change in terms of better performing projects and organizations.
The responsibility of managing growth and economic challenges requires leadership in construction companies to devise a disciplined business strategy. This strategy must efficiently address potential opportunities and problems as they arise by providing reliable, timely information to support management decision-making. Monitoring KPIs should be a part of disciplined business strategy.
BI helps measure Key Performance Indicators.
KPI for Sales & Marketing:
- Demographic analysis
- Customer Segmentation
- Campaign Analysis
- Payer Analysis
- Prescriber Analysis
- Sales Force Analysis
- Sales Force Support
- Detailing Analysis
- Samples Analysis
- Factory Sales
- Market Share Analysis
- Competitive Market Analysis
KPI for Regulatory Compliance:
- Government Drug Standards
- Clinical Trials Reporting
- Insurance Billing Compliance
- Government Payment Compliance
- Internal Reporting Compliance
- Clinical Trials Fast Track
- Drug Compliance Limits
Posted on May 10th, 2010 by Dhiren Gala
Filed under: Business Intelligence
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