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Performance Measurement Systems (PMS) are a type of management tool used to measure the performance of an organization. PMSs are used to track and analyze the performance of an organization in terms of its goals, objectives, and strategies. They are used to identify areas of improvement and to develop strategies to improve performance. PMSs are also used to measure the effectiveness of an organization's operations and to identify areas of potential cost savings.
PMSs are typically composed of a set of metrics, such as financial performance, customer satisfaction, employee engagement, and operational efficiency. These metrics are used to measure the performance of an organization in terms of its goals and objectives. PMSs are also used to track the progress of an organization over time and to identify areas of improvement.
Companies in the Performance Measurement System market include Oracle, SAP, IBM, Microsoft, and Salesforce. Show Less Read more