NEW SMARTKPIS.COM REPORT RANKS THE TOP RETAIL KPIS OF 2011- 2012
June 13, 2013, Melbourne, Australia – The KPI Institute, the global authority on Key Performance Indicators (KPIs) research and education announces the launch of a new report in its 2011-2012 edition of its popular Top 25 series of reports. The series is based on research conducted through www.smartKPIs.com, which contains over 20,000 Key Performance Indicator examples, making it the world’s largest source of thoroughly documented KPIs.
Retailing consists of the sale of goods or merchandise directly to end consumers. A retailer purchases goods or products in large quantities from manufacturers and then sells smaller quantities to the consumer. They are an important part of the supply chain integrated system. Retailing can be done in either fixed locations like stores, markets or door-to-door. KPIs focus on measuring the volume of sales, turnover and efficiency in organizing the retail store operations.
The “Top 25 Retail KPIs of 2011-2012” report provides insights in the state of Retail KPIs performance measurement today by listing and analyzing the most visited KPIs in this category on smartKPIs.com in 2011-2012. In addition to KPI names, the report contains a detailed description of each KPI, as documented in smartKPIs Premium.
Retail KPIs are reflective of Retail areas of interest, and are grouped into subcategories, such as Stock Optimization, Sales, Customer Satisfaction, Store Management and Merchandise Costs. Among these, Stock Optimization and Sales were the most popular in 2011-2012. One of the most important benefits that this report brings is the international perspective on the most popular KPIs for Retail Management. Retail KPIs provide quantifiable measurements of factors determined to be important for the successful implementation of Retail strategies. The skill in applying KPIs is in the selection of the optimum number and appropriateness of KPIs. The top 5 Retail KPIs in this report are:
- # Inventory to sales ratio (ISR)
- $ Sales per labor hour
- # Stock rotations
- % Same store sales growth
- # Anticipation stock
By discussing the use of KPIs today, presenting the best practice in documenting them and listing the most popular KPIs of 2011, the “Top 25 Retail KPIs of 2011-2012” report is a valuable resource in promoting the informed use of KPIs or refreshing the existing performance measurement and management practice in any organization.
According to Aurel Brudan, The KPI Institute’s CEO “The Top 25 Retail KPIs of 2011-2012” report is a synthesis of what smartKPIs.com is all about: it provides an overview of how Retail KPIs are used in practice today, by combining input from the online community with analysis and insights from our research team.”
ABOUT SMARTKPIS.COM
http://www.smartkpis.com is the leading online platform for performance management knowledge integration, hosting the largest database of thoroughly documented KPI examples available on the web today. It offers high quality resources and collaboration functionality for the community of members, assisting them in making smart decisions regarding their performance management initiatives. Registration is free and enables research, learning and interaction as part of a growing community of members from over 190 countries and territories.
ABOUT THE KPI INSTITUTE
The KPI Institute is a research, publishing and educational provider specialized in developing better practice in the use of KPIs. It developed the KPI Management Framework and runs five main research programs, dedicated to performance management, the Balanced Scorecard, KPIs, analytics and organizational strategy. Over the last 8 years, The Institute assisted over 5,000 organizations in finding solutions to their KPI needs.
Media contact
Cipriana Turcanu, The KPI Institute, Tel: +61 3 9670 2979, Email: [email protected]
