What are the KPIs to track to make Merchandize Productivity improvement decision?

Answer QuestionsWhat are the KPIs to track to make Merchandize Productivity improvement decision?
asked 8 years ago
1 Answers
Aleksey Savkin Staff answered 8 years ago

Hello Sachin,
 
In this case I would suggest to start with the research of Key Success Factors, e.g. in your case how do you define merchandize productivity and what ways of improvement you see.
 
Indicators are the measurement tool, and they will certainly help to tell if you are on the right track if you have a plan of improvement.
 
I can also suggest for you to follow the steps of this KPI system in order to sort out all the ideas related to the measurement.


KPIs or Strategy – which comes first?

Start free wizard to create your strategy map Ideally, you need to have a strategy before start thinking about KPIs. How to create a good strategy? It's tricky and will require your expertise:
  • You will need to understand what your customers want and
  • How to give them what they want in the most effective way.
  • You will need to think about your competitors and, for sure, about your team.
Sounds like something complex? Not at all! Use this free Strategy Map Wizard and you will have your strategy map in 6 minutes.

10-Step System to Find Tailor-Made Key Performance Indicators

kpi-system-240

Examples of KPIs

It is easier to get started with KPIs when you have some good examples to follow. Find here examples of KPIs for various domains.

Winning KPI Crash Course

premium-bsc-training Even the best KPIs won't change anything if they are not properly aligned with a business context, if a company's strategy is not well defined, if there is no clear understanding about what the company is measuring and way...

Check out a "crash-course" for the Balanced Scorecard and KPIs.

Find us on Google Plus