Strategic KPI’s for Distribution Growth - Inventory and Warehouse
There are thousands of facets of your distribution business that can be monitored and adjusted to drive improvement and grow success. It can be overwhelming to keep track of every metric - work smarter by focusing on the crucial components that will grow your business strategically.
In this 4 part series of blog posts we will be highlighting the Key Performance Indicators that successful distributors use to grow their business strategically. Next, we’ll dive into Inventory and Warehouse KPI’s.
Inventory and Warehouse KPI’s for Distributors
Procurement:
Suppliers are crucial to your success. Establish topline metrics to evaluate supplier performance and purchase cycle times
Inventory:
Inventory is an asset, but it is a considerable capital investment that ties up working capital with dead stock risk. Proactively monitor turnover rates to understand item velocity, associated carrying costs, and gross margin return on investment (GMROI) to identify inventory sales profit after costs.
Warehouse:
Efficient warehouse processes are vital for profitable distributors. Monitor order cycle times, fill rates, overall order fulfillment efficiency, accuracy, return rates, and cycle times to improve operations.
Acumatica ERP’s Distribution Solution is fully integrated with manufacturing, accounting and CRM putting all your KPI’s at your fingertips with anywhere anytime access.
Take a deeper dive…
Dive into Acumatica’s eBook Distribution Metrics That Really Matter for more information about strategic Distribution KPI’s and metrics.
Implement Acumatica ERP with Hudson River Computing to optimize your business operations and grow your success.
A successful business starts with a successful business solution - trust us to deliver the ERP system your distribution needs. Please reach out to us with any questions or to set up a free demo. Contact us here.