Key Performance Indicators for
Life Science
The number of possible KPIs is endless. It all depends on what is important to that entity. The KPIs mentioned here all have one thing in common; besides the fact that they are important to their businesses. They are all lagging indicators. In other words, they tell us what has happened. All these data are historical. In the life sciences you had to comply with cGMP before you could begin making your products. You then identified the Quality Metrics (QM) data as the evidence that you remain in compliance. Your data is essential to your organization and to your patients. Some of the QMs you collect now are KPIs. It’s all evidence of your commitment to protect your patients. That is why Quality Metrics are so important to the FDA. Not all Quality Metrics are KPIs. However, all KPIs are Quality Metrics.
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