NEW SMARTKPIS.COM REPORT RANKS THE TOP INVENTORY MANAGEMENT KPIS OF 2011- 2012
May 15, 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.
In any business or organization, there are certain interlinked functions, which often seem to overlap. Some key aspects like supply chain management, logistics and inventory form the backbone of the business delivery function. Consequently, these functions are extremely important to both marketing managers and finance controllers. KPIs are defined by The KPI Institute as measurable expressions for the achievement of a desired level of results in an area relevant to the evaluated entity’s activity. smartKPIs.com contains over 80 Inventory Management KPI examples.
The “Top 25 Inventory Management KPIs of 2011-2012” report provides insights in the state of Inventory Management 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.
Inventory Management KPIs are grouped into clusters such as Stock Rotation, Inventory Efficiency, Stock Structure, Distressed Stock, Supply Planning and Inventory Costs. From these subcategories, Stock Rotation and Inventory Efficiency were the most popular in 2011. This can be an indication of how important is for todays’ managers to optimize their stocks and convert them in sales as quick as possible. The top 5 Inventory Management KPIs in this report are:
- # Inventory for sales ratio (ISR)
- % Slow moving stock
- % Inventory quality ratio (IQR)
- # Stock rotations
- # Months on hand
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 Inventory Management 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 Inventory Management KPIs of 2011-2012 report is a synthesis of what smartKPIs.com is all about: it provides an overview of how Inventory Management KPIs are used in practice today, by combining input from the online community with analysis and insights from our research team.”
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.
Cipriana Turcanu, The KPI Institute, Tel: +61 3 9670 2979, Email: [email protected]