Collecting good, timely data with careful analysis to guide proper business decisions is critical to thriving in business today. Starting with this set of KPIs will form a solid foundation to accurately track these metrics and make informed business decisions.
This white paper provides a set of 17 KPI formulas that every product company should be monitoring consistently, such as:
- Inventory Turnover Ratio to indicate the health of your organization.
- Picking Accuracy, which is critical to understand frequency and causality.
- Average Order Value to arm your sales team with data on customer trends.
- Net Promoter Score so you can analyze your customer satisfaction.