Here are three different types of KPIs that can make operations run smoothly: 1) Inventory Turnover: You need to know what’s being sold and what’s sitting on a shelf collecting dust. This KPI measures how often you sell out your inventory. Plus, slow-moving inventory takes up valuable shelf space and can drain your facility’s efficiency. You’ll want to track your customers’ buying behaviors. Then, adjust your purchasing habits and aim for a higher inventory turnover rate.
2) Inventory Costs - You don’t want inventory hanging around too long. It takes up space and accrues additional costs such as labor, risk (needing insurance), storage and freight. This KPI can help you calculate how much profit the current inventory will bring and limit loss. 3) Efficient Receiving - Receiving can make or break your efficiency. KPIs for this area can help identify any “weak links” in the process, such as space and materials your team needs for the job at hand or how fast new inventory is being processed. If receiving is not making the cut... it will cause negative effects across the board. So those are a few important KPIs for efficient operation. The question is: Does your team know which KPIs is their responsibility? This is exactly why our Document Display Holders and our high-quality Dry Erase Magnetic White Boards are such a huge hit. The two go together and will perfectly complement your operations’ strategy. You’re smart. You know that in order to hit your KPIs, everyone needs to be on board. Our Document Display Holders and Dry Erase Magnetic White Boards are the winning combo to easily relay metrics and KPI data. You can even get one of our Magnetic Color Coded Document Display Holders so you can say in the morning meeting: “Just a reminder, everyone. Check the Red Document Display so you know what’s needed for this metric.” It can be just that simple. And it makes your job of keeping everyone informed about KPIs and metrics less of a hassle. Why not check out our selection? Our 8.5 x 11 Magnetic Document Holder is especially useful. It’s the perfect size for smaller spaces. Peter Drucker knew that when a company had a process for measurement – they had a recipe for success. Achieve success with these Document Display Holders and our resilient Dry Erase Magnetic White Boards. Both are designed for heavy-duty use. These sturdy boards work beautifully with the display holders and keep everything neatly organized. Know your team is getting the information they need—without fail. Contact us if you need more 5S solutions! Yours for a Worry-Free 5S Environment, David Visco President & 5S Expert The 5S Store, LLC firstname.lastname@example.org (978) 842-4610
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