Warehouse KPI dashboard in Excel
How to measure your warehouse performance and create effective warehouse KPI reports
Warehouse Key Performance Indicators
In order to efficiently and successfully manage the warehouse, you should utilize your most important operational metrics as well as your relevant warehouse KPIs. Below is actually a list of a few examples you might want to consider for your warehouse KPI analysis and reporting needs.
KPI means key performance indicator which is a business or operational metric which you have selected that could provide a sign of the overall performance and is employed as a variable with regard to ongoing development in your business operations including your warehouse performance management.
Deciding upon Warehouse Key performance indicators
Just about every single warehouse takes a different approach with various objectives; therefore selecting the ideal warehousing KPIs can be difficult. In most cases, gauge the items that you can manage and act upon.
In addition, choose only a few crucial KPIs rather than a dozens of metrics. It is far better to actually be familiar with the metrics and variables compared to wasting your month figuring out just about every single KPI in your report.
Preferably, the particular KPIs selected will certainly line up towards the most significant outcomes inside your facility.
Different kinds of Warehouse KPIs
Here are several of the commonly used KPIs:
Inventory Turnover Ratio
Inventory to Revenue Ratio
Holding Cost of Inventory
Stock out ratio
Portion of orders delivered
Order fill ratio
Ordinary fill ratio
Typical portion of products in back order
Product Fill Ratio
Portion of purchase products that the picking out procedures really fills within a provided time period
Amount of returns compared to overall number of orders
Price associated with returns compared to overall revenue
Overall Handling Periods
Typical period necessary to process an order
Typical time for dealing with an order
Portion of orders dealt with within target period
Ideal Order Level
Back Order Level
Order Paperwork Correctness
Portion of purchase paperwork having mistakes
Portion of deliveries in time
Portion of orders shipped by client demand day
Problems and damage cases