The Key Performance Indicators or KPIs that will help you analyze perfectly the situation of your inventory, which contains the assets that will drive your company towards growth.
Efficiency and time of assortment: It is an indicator that has to do with the control of the articles: where to locate each object, that there are no errors about the location of the pieces, which avoid costs due to loss of precision.
You can know what is selling more, the control points, that everything that comes and goes has a record where you can measure accurately, with place, time and date.
Rotation of merchandise: With this data, it will be easy to determine if your product is sold with the speed that is required or you have to adjust the sales strategy or change merchandise.
It must be taken into account that if a merchandise or spend too much time on the shelves, it can represent a frozen asset and be considered as a loss or loss, as it is an obsolete item.
Effectiveness of the inventory: A figure that indicates the profit margin or Return of Investment (ROI) that your product has generated when it goes on sale. It is useful to determine two situations:
- The price of the merchandise to obtain a profit according to the investment.
- If the initial investment yielded the expected results or if it is necessary to take action on the matter.
Documentation of the load: It has to do with the documentation that goes hand in hand with the delivery, because it’s known when, how and at what time the merchandise was received. It serves for a clear administration, to have a precise backing.
Inventory control via remote: You can know if the merchandise is available to go on sale in real time. You can also process and order orders, in addition to follow up, through a mirror account.
