What are the critical inventory KPIs we should use?įirst, it’s important to understand that Sales and Inventory performance are interdependent. For example, if a product is not selling as quickly as expected, the retailer may need to adjust their strategy to drive sales. Performance tracking: Stock measurements can help retailers track their sales performance and identify areas for improvement.Having enough safety stock reduces the risk of stockouts, lost sales, and excess Inventory. Inventory optimization: By tracking stock levels and Turnover, retailers can ensure they have the right amount of retail Inventory in the right place at the right time to meet customer demand.It is a crucial first step in assisting retailers in anticipating customer demand and making informed decisions about their product assortment and inventory investments. Sales forecasting: sales patterns and trends help retailers generate sales or forecast demand to plan the optimal inventory levels to support the anticipated sales.Why inventory KPIs are essential in Merchandise Planning In addition, retailers can make informed decisions about their product assortment, pricing strategies, and inventory investments by tracking stock levels and Turnover. Inventory KPIs (Key Performance Indicators) are essential in the merchandise planning process and provide retailers with valuable insight into their inventory productivity and profitability performance. Inventory Metrics and Formulas in your Merchandise Planning
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