Apply this policy to the question please and use SMART KPI for answer please

Jorg- Performance Significant performances (plus or minus 3%) and/or financial variances are to be review reported monthly as a formal short report to the Board of directors. This report should include a description of the variance, the reasons behind it, the steps taken to remedy it (if required) and future steps to be taken to prevent the variance from recurring From the monthly variance reports, all significant variances a will be sent to the key manager who can exercise, monitor and find the reasons for the variance and make_ revisions.to the budgets with the approval of the Board of directors Key Performance Indicator (KPI), is another tool Staple's Board of Directors use to keep track of a company's financial performance. KPIs are measures by which the Board can monitor its progress throughout a specified period of time, namely a financial year. The KPIs also help the directors to plan future spending. Focus in areas in the business that may need improvement, identify any opportunities and challenges and assess whether the customers are happy or not. The KPIs fixed to monitor financial performance are: Revenue Growth Revenue per customer segment (credit and Cash) Profitability: Gross profit margins & Net profit margins Working Capital Ratio: Current Assets, Current Liabilities 2:1 Debtors ageing Creditors ageing Net Cash Flow