KPIs for retail
Managing your supply chain is critical to ensuring that your inventory is at optimum levels and costs are under control. It is vital to know which items are selling and which are not. Business intelligence (BI) software enables supply chain, logistics, and sales information to be gathered and analyzed with greater ease than ever before. Your KPI Dashboard makes accurate, data-driven, real-time information visible to those employees who can manage the business to meet your objectives. You can manage inventory in transit, in the warehouse, and on the shelf. You will be able to effortlessly monitor important retail KPIs relevant to every aspect of your organization.
Consolidate all metrics in a single dashboardA KPI Dashboard is an important tool to make the key retail KPIs available. You can monitor performance from your office PC or while away, using a mobile device. You will be able to easily view and instantly recognize when any aspect of your business is not meeting expectations. Because you are seeing real-time data, you can drive the changes necessary to ensure your performance expectations are met.
This KPI Dashboard template will help you to know how successful your organization is at converting shoppers into customers. Having this information will help you to understand which areas need attention before it's too late.
Sales per square foot
This template shows your sales volume per square foot. Customizable for single or multiple locations, awareness and comparison of KPIs may help you to better understand why one location is more successful than others..
Audience: Managers, Sales Associates
Calculation: Total Net Sales / Total Floor Area
Average purchase value
This template indicates the average value of each purchase. This information can provide additional insight into the purchasing habits of your customers or lead you to dig deeper into the details to determine how to increase the APV.
Cost of goods sold
When what appeared to be a thriving retail business closes its doors, you realize that it didn't cease to exist because of lack of sales. It probably died as a result of the inability to make a profit. Literally hundreds, if not thousands, of once existing businesses would still be operating, if only they had been able to manage their costs. Here is your opportunity to keep that information in front of you.
Online versus in-store
Almost all retail businesses, regardless of size, now have an online presence. It, therefore, becomes essential to track cyber versus sidewalk activity. Accurately monitoring these business channels against each other can permit you to see important trends and prepare for them
Audience: Executives, Managers
Calculation: Online purchases compared to in-store purchases
You've got to understand which promotions work and which ones don't. When combined with additional data captured on your KPI Dashboard, you will be able to plan and execute sales events more successfully.
One of the hardest things to measure is customer satisfaction. It is often too subjective to adequately measure and it takes too long to gather the information in order to use it effectively. This template can keep real time customer satisfaction details visible to your entire team.
Out of stock items
A simple rule of retail is to never be out of stock when you have a buying customer. Inventory management is decidedly one of the most difficult issues to control in any business. This KPI Dashboard template will help you to identify and correct loss of sales because of lack of inventory.
Audience: Front-line, Managers
Calculation: # of items out of stock / # of items in stock = % of out of stock items
Inventory to sales ratio
Carrying too much inventory can be just as crippling as having too little. Setting, and performing to, optimal metrics will make profitability much easier than unnecessarily tying up your money in too much inventory or losing sales because of having too little.
|Dashboard Information||Industry Dashboards||Department Dashboards||About Us||Legal|
|Connect Your Data|
Visualize Your KPIs
Monitor Your KPIs
Share With Colleagues
Consolidate Key Metrics
|Call Centre Dashboards|
Financial Services Dashboards
Health Care / Medical Dashboards
Manufacturing / Supply Chain Dashboards
Web / Social Dashboards
Terms and Conditions
|Copyright © 2016 Data Geeks. All Rights Reserved.|