How fast are items selling? Which products are making the most money? Such questions can be answered by tracking product performance KPI.
This measure is based on the number of items sold over a given period.
This results is an inventory of the best-selling items for this period (by week, month, year).
Knowing the best and worst performing products allows the store manager to determine which items are worth investing in and which ones shouldn’t be re-ordered. In this way, they anticipate customer needs, increases customer satisfaction and sales volume.