Checking your performance during the time
Hey Inventoro users,
we have a new feature here. As you probably know we are very focused on real benefits. With the first touch with your data, we can calculate the actual availability of your products, potential increase in monthly revenue, and decrease in working capital by optimization. You can find these KPIs by clicking on the golden bricks in the top right corner.
We just added a possibility to track these KPIs during the time.
1.Current availability of products
This number shows your current availability of products and the percentage of those products available for sale, which also indicates how much of your products are not for sale. . The lower the number is the bigger problem you have. The difference between 100% and this value represents lost opportunity. 100% means that everything your customers need to buy is available in your inventory.
2. Lost monthly revenue
The second line translates current product availability into value, showing you how much money you're losing in lost revenue each month.
Monthly lost sales is a valuation or potential of your current stock unavailability. It is the potential you could achieve in addition if you had the right structure and amount of inventory. Basically, this is the potential that Inventoro can help you with and is its goal.
3. Inventory reduction potential
The last part shows you how much money you have in Overstock. It shows you the opportunity to reduce your inventory in value. Remember that this is calculated based on your own data, so once you improve those numbers, you‘ll see the progress in the app. You can watch as the value of your deadstock decreases over time.
Hope you'll enjoy this feature a lot.
Have a nice day!