Previously, we wrote about several of the most important Key Performance Indicators that eCommerce companies should monitor to measure their success. In this follow-up post, we look at strategies eCommerce companies can employ today to improve their KPI performance. Revenue and sales KPIs Increase Average Order Value (AOV): Once you have engaged with a customer… Continue reading Strategies eCommerce Companies Can Employ Today to Increase KPI Performance
Category: KPI
4 Essential Key Performance Indicators for Distribution Companies
Business operations are getting increasingly complex each year and companies need supply chain partners executing at an extremely high level. That means suppliers, distributors, and businesses working together to fulfill deliveries to end users. Measuring performance of distributors is essential and Microsoft Dynamics Business Central 365 can help companies oversee key performance indicators (KPIs) on… Continue reading 4 Essential Key Performance Indicators for Distribution Companies
Connecting Manufacturing Key Performance Indicators to the ERP Business Level
As more mid-size manufacturers take action to optimize their businesses, Key Performance Indicators (KPIs) play a big role in how businesses can move forward and become more successful. The number of KPIs for manufacturing is plentiful and finding the correct ones for your company depends on your product and application. Throughput, uptime, and overall equipment… Continue reading Connecting Manufacturing Key Performance Indicators to the ERP Business Level
The Modern Guide to Implementing an Omnichannel Retail Strategy
What is Omnichannel Retail? Modern Behaviors, Modern Playbook In 1931, Sears encouraged its customers to shop the “modern way” with its 1,100-page catalog, free from the hustle and bustle of stores. And while Sears had brick-and-mortar locations, the company was an innovative retail phenomenon that stole hearts by shipping goods by mail order across a… Continue reading The Modern Guide to Implementing an Omnichannel Retail Strategy
5 Ways Retail ERP Dashboards Can Improve Decision Making
A question often posed to us by retailers is, “How can I make better decisions to help reduce costs and increase profitability?” The answer: A retail ERP dashboard that provides the relevant information accurately and quickly. ERP dashboards are especially useful in calculating how indirect expenses such as overhead or occupancy costs impact store revenue.… Continue reading 5 Ways Retail ERP Dashboards Can Improve Decision Making
Retail KPIs: Why They’re Important and How to Decide What You Should Be Measuring
As we reach the end of a very unpredictable summer and pass the half-way point in the year, a great way to help finish 2021 strong along with adapting to new trends is to dive into measurables—the key performance indicators (KPI) that make sure your business is still on the path to your goals for the year, as well as preparing you for the months beyond. While there is no one right list of KPIs because each retailer should be measuring different things based on a number… Continue reading Retail KPIs: Why They’re Important and How to Decide What You Should Be Measuring
The Top Eight KPIs Retailers Should Be Tracking (with Formulas) for Your Retail KPI Dashboard
As a retailer with a top notch retail management system, you have access to a plethora of metrics. It’s easy to get overwhelmed with the amount of data at your fingertips, so this is where Key Performance Indicators (KPIs) help you determine which metrics can be used to keep your business moving in the right… Continue reading The Top Eight KPIs Retailers Should Be Tracking (with Formulas) for Your Retail KPI Dashboard
Help us Help You Create Real Value with KPIs that Matter
Every business, from driveway lemonade stands to multi-billion dollar corporations, manage Key Performance Indicators, or KPIs, in some way or another. For the lemonade stand, it may be as simple as cups of lemonade per day. Conversely, for larger businesses, there may be a myriad of metrics that could provide valuable insight to managing the… Continue reading Help us Help You Create Real Value with KPIs that Matter