What type of information can KPIs provide?

 In the context of digital marketing, the answer to your question of what type of information can KPIs provide is that the KPI (key performance indicators) is a useful tool for getting insights. The KPIS is mainly used in evaluating various aspects of the performance of a business or organization. In the context of a manufacturing company, the key performance indicators can provide you with information such as efficiency of operations, production line performance, and effectiveness of machines. Here is the explanation given by using Python programming language:-

# Example KPIs for a manufacturing company

Production_output = 500  # Total units produced

Defective_units = 20  # Number of defective units

Production_cost = 25000  # Cost incurred for production

# Technical Explanation:

# - Production Output: Indicates the total number of units manufactured.

# - Defective Units: Shows the number of faulty products affecting quality.

# - Production Cost: Represents the expenses incurred during manufacturing.

# Code Example:

# Calculating defect rate and cost per unit produced

Defect_rate = (defective_units / production_output) * 100

Cost_per_unit = production_cost / production_output

# Displaying calculated KPIs

Print(f”Defect Rate: {defect_rate:.2f}%”)

Print(f”Cost per Unit: ${cost_per_unit:.2f}”)

The above Python code demonstrates the two KPIs: Defect rate and cost per unit.