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Inventory Availability: Order Entry Accurancy
Inventory Availability: Order Entry Accurancy
BSBA MKT 3H
Module 4 Activity 4.1 -The Supply Chain : Best Key Performance Indicators.
Based in the video presented Enumerate and briefly explain the Best KPI that the Speaker have discussed.
- How you manage order fulfillment for your business is a huge indicator of the level
of satisfaction your customers will have. That means that it’s important to understand
your customers’ points of view.
INVENTORY AVAILABILITY
- This KPI is a measure of how long it takes your company to turn its inventory into
sales. This KPI varies from industry to industry depending on what you’re selling.
Typically, large ticket items move slower than small ticket items or perishables, so make
sure to take that into consideration if using this KPI.
By using key performance indicators (KPIs) to track and manage inventory, businesses
can improve purchasing and production processes, ca sh flow and profitability.
-Measuring carrier performance with the right metrics can ensure that you
are getting the best value for your spend, can help you identify opportunities
for improvement and helps you determine which carriers are best suited for
your business’s needs.
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Name : Fajardo, Airalyn F. BSBA MKT 3H
-Order processing is the first task in the order-to-cash procedure. Orders are
accepted through various means such as phone, fax, website, email or
personal.
- Tracking the time spent processing an individual invoice gives you insight into how
much value your AP department is losing to late fees, reduced productivity, damaged
supplier relationships, and missing out on early payment discounts. Reducing invoice
processing time while improving the accuracy of invoice data and streamlining the
receipt-approval-payment workflow also reduces wasted time and money, lowering your
average cost.