The Retail industry is not only about selling. Its also about synchronizing the operations throughout the supply chain and managing the relationships with both suppliers, partners, and clients.
But how do we measure success in all of those areas?
In the past, business performance might have been measured with vague references, but nowadays, there are precise key performance indicators that give us transparent, accurate, and specific performance-related data. In numbers.
And there is no better evidence for success (or failure) than having data-based numbers at the end of the financial year, which can be used for future planning, changes implementation, and potential risk assessment.
In this infographic, you will find the most important, yet sometimes forgotten, Key Performance Indicators related to the retail industry. Those will not only help you to keep track of the company’s development and operational and financial performance but will also contribute with data-driven insights to enhanced the decision-making process for business improvement.