Management reports are created by departments and teams and they’re typically submitted monthly to internal managers. Often, they capture the overall performance results of individuals, specific processes or metrics. For example: performance indicators like waste production, average time of order processing, tech assistance calls.
Often, management reports will include information like:
- Profit and Loss by Department/Team/Job Function
- Realization Rate
- Utilization Rate
Management reports are not mandatory as far as regulatory authority goes, so there’s no compliance measures or set standards. That said, management reports are critical documents for managers and executives who use them to make decisions, strategy and business changes and thus, often require customization.