1. Inventory Accuracy Rate: This KPI measures the percentage of inventory that is accurately accounted for within the warehouse.
Formula: (Total Number of Accurately Counted Items / Total Number of Items in Warehouse) x 100
2. Order Picking Accuracy: This KPI measures the accuracy of the order picking process, which involves selecting the correct items and quantities to fulfill an order.
Formula: (Number of Items Picked Correctly / Total Number of Items Picked) x 100
3. On-Time Shipping Rate: This KPI measures the percentage of orders that are shipped on or before the promised shipping date.
Formula: (Number of Orders Shipped On Time / Total Number of Orders) x 100
4. Storage Utilization Rate: This KPI measures the percentage of warehouse storage space that is being used.
Formula: (Total Volume of Inventory Stored / Total Volume of Available Warehouse Space) x 100
5. Cycle Time: This KPI measures the time it takes to complete a process, such as order fulfillment or inventory replenishment.
Formula: Total Process Time / Number of Units Processed
6. Stock Accuracy Rate: This KPI measures the accuracy of the inventory records by comparing the physical inventory counts to the inventory records in the warehouse management system.
Formula: (Total Number of Accurately Counted Items / Total Number of Items Counted) x 100
7. Stockout Rate: This KPI measures the percentage of time that a product is out of stock and unavailable for purchase.
Formula: (Total Number of Stockouts / Total Number of Opportunities to Sell) x 100
8. Overstock Rate: This KPI measures the percentage of inventory that exceeds the ideal inventory levels, which can lead to excess costs and inefficient use of warehouse space.
Formula: (Total Number of Overstocked Items / Total Number of Items in Inventory) x 100
9. Open-to-Buy (OTB) Variance: This KPI measures the difference between the actual purchases made and the planned purchases based on the open-to-buy budget.
Formula: Actual Purchases - Planned Purchases
10. Utilization Rate: This KPI measures the percentage of the warehouse's capacity that is currently being used.
Formula: (Total inventory in the warehouse ÷ Warehouse capacity) x 100
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