Table of Contents
What are the KPI for warehouse?
Popular inventory KPIs include inventory accuracy, shrinkage, carrying cost of inventory, inventory turnover, and inventory to sales ratio.
- Inventory accuracy.
- Shrinkage.
- Carrying cost of inventory.
- Inventory to sales ratio.
- Receiving efficiency.
- Cost of receiving per line.
- Receiving cycle time.
- Accuracy rate.
What are KPIs in FMCG?
A FMCG KPI or metric is a measurable value that helps to monitor and accomplish pre-defined organizational goals. Key performance indicators for the FMCG industry consider branch-specific characteristics such as its fast-moving nature, high consumer demands and short sales cycles.
What is the effective performance measurement of warehouse operations?
Performance measurement: The most common warehouse performance measures include handling productivity, space utilization, accuracy, damage, service, cost, and inventory.
What are key operational metrics?
Key Takeaways Operational metrics are the measure of a company’s performance across all aspects – be it financial, marketing, distribution, production, staff-related, or sales. They tell you about how well your strategies have performed so far, and where there is a need for attention.
What is TLS in FMCG?
About TLS Marketing TLS Marketing is a Fast Moving Consumer Goods (FMCG) importer and distribution company based in East Malaysia with more than 30 years’ experience. We provide warehousing, sales, distribution, and logistics solutions for FMCG Brand owners for the East Malaysia Market.
What is WD in FMCG?
Weighted Distribution: The percentage of the total sales volume that comes from the served outlet. Let’s clear this by an example: you have 10 outlets in a beat, now out of these 10 outlets if your product is present in 4 outlets then numeric distribution is 40%.
What is Bill cut in FMCG?
Bill Cut (Lines Cut per Call) This refers to the metric that defines the number of calls a salesman would undertake within a given month. Bill cut is calculated by multiplying the total number of outlets within the territory by 4 (one visit to an outlet in a week, four weeks in a month).
How do you analyze warehouse performance?
A few crucial inventory KPIs include: Inventory Turnover. Inventory Accuracy….If you want to measure order documentation accuracy, look for:
- Percentage of order documents with errors.
- Percentage of order items that the picking operations actually fills within a given period of time.
- Min, max, average time to process orders.
What is the role of warehouse in the FMCG industry?
In the FMCG industry, improved production logistics solutions are major drivers of productivity development. Warehouse can play a key role in the integrated logistics strategy and its building and maintaining good relationships between supply chain partners.
What are the best practices for your FMCG warehouse?
Here are the five best practices for your FMCG warehouse that can help in the FMCG’s growth. 1. FEFO One must consider various factors while establishing a First-Expiry-First-Out (FEFO) strategy in the warehouse. Improving the operations by using a FEFO put-away and pick process helps a company in the long run.
Why do metrics and KPIs matter in warehouse management?
The flow of air — the movement of people, resources, business processes, and workflows — needs to be monitored to prevent pressure from building up. Tracking, measuring, and analyzing metrics and key performance indicators (KPIs) are crucial to improving warehouse operations. However, not all metrics and KPIs matter.
How has the rise of private-label goods affected the FMCG industry?
The recent rise of private-label goods has led to increased competition within the FMCG industry. A focus on bringing high volume products at lower prices to the market has created greater demands on all actors.