Key Performance Indicators
You already know that retail is a highly competitive industry and to succeed, your business must be managed with a sharp focus on increasing sales, controlling expenses and gaining customers. To do this, you need to know everything about your business. That’s where Business Insights excels by providing real insight with key performance indicators (KPIs) to help you make the right decisions for your business.
Some Business Insights KPIs:
- Gross Margin
- Number of Orders
- Average Order Amount
- Net Profit as Percent of Sales
- Expenses As Percent of Sales
- Sale per Square Foot
- Sales per Square Foot
- Sales per Employee & Sales Person
- Inventory Turns
- Gross Margin Return on Investment
Sales & Gross Margin KPIs
Sales revenue is an important performance indicator for every business.
Gross margin refers to gross profits expressed as a percentage of sales.
These two KPIs are an important indicator of a your financial performance. They also help you identify performance trends and formulate marketing strategies.
With Business Insights, you can visually compare Sales and Gross Margin KPIs over a period of time across locations, Job Type, Sales Agents, etc.
Number of Orders & Average Order Amount KPIs
The Average Order amount KPI displays the average amount customers are spending during each purchase. Average order amount can vary depending on the type of store and job type.
An analysis of average order amount and number of orders can help you understand your traffic flow, business trends, sales person performance and sales and marketing efforts.
Net Profit & Expenses KPIs
By providing access to your Net Profit and Expenses KPIs, Business Insights provides quick insight and valuable understanding of your business.