Order Accuracy Rate (%):
[
{Order Accuracy Rate} = \frac{{Correct Orders Shipped}} / {{Total Orders Shipped}} * 100
]
Tracks the accuracy of orders shipped without errors.
Inventory Turnover Ratio:
[
{Inventory Turnover} = \frac{{Cost of Goods Sold (COGS)}} / {{Average Inventory}}
]
Measures how efficiently inventory is used and replaced.
Pick Rate:
[
{Pick Rate} = \frac{{Number of Items Picked}} / {{Total Time Spent Picking}}
]
Measures the efficiency of picking operations.
Dock-to-Stock Time:
[
{Dock-to-Stock Time} = {Time from Receiving Goods to Storing Them}
]
Evaluates the speed of the receiving and stocking process.
Safety Incident Rate (%):
[
{Incident Rate} = \frac{{Number of Safety Incidents} * 200,000}{{Total Hours Worked}}
]
Tracks safety performance using standardized metrics.
Storage Utilization Rate:
[
{Storage Utilization Rate} = \frac{{Used Storage Space}} / {{Total Available Storage Space}} * 100
]
Measures how efficiently warehouse space is being used.
Scenario 1: Handling Inventory Discrepancies
Scenario 2: Improving Order Fulfillment Speed
Scenario 3: Reducing Workplace Incidents
Scenario 4: Managing Seasonal Demand
Scenario 5: Optimizing Space Utilization