No matter the operation’s size, every business strives for better profitability and customer retention. To do so, companies often track several key performance indicators (KPIs) to monitor and forecast business growth. While there are many viable KPIs to track, small and growing businesses are often encouraged to monitor the following indicators:

1. Order accuracy rates address how often orders are shipped with the correct products to the correct customer within the correct allotted time.
2. Inventory turnover rates can record the fluctuating demands for any particular product while assessing your ability to move goods down the supply chain.
3. Gross profit margins provide a clear picture of final profits after operational expenses such as labor, shipping, and the like are paid off.
4. Cash flow forecast assists small businesses in predicting the costs of high demand, so they can make adjustments accordingly before profits are hindered.
5. Funnel drop-off rates allow you to see how many potential customers abandon purchases to optimize business tactics.
6. Market share clearly depicts how your business compares to competitors by measuring company sales with total industry purchases.

To track multiple KPIs in real-time without costly errors, Barcodes, Inc. recommends simplified and scalable digitization

Track it all with Barcodes, Inc. Digitization Solutions – built with Zebra’s Scanners

Unlike paper-based systems, digitized warehouse management curbs the likelihood of manual data entry errors, misplaced files, missed sales, late deliveries, and bottlenecks. Zebra’s enterprise-ready scanners successfully transfer all your crucial data into the digital system of your choice, all for…

• Faster order throughout
• Increased order accuracy rates
• Sharable data with minimized workflow disruptions
• Easy configuration for faster deployment
• Faster onboarding thanks to their intuitive user-friendly build

At Barcodes, Inc., digitization doesn’t have to be complicated. Take a closer look into how we make optimized inventory management seamless, simple, and scalable with Zebra’s rugged scanners. Contact us for a free assessment.

If you missed our webinar on August 5th about Key Performance Indicators (KPI) enable the warehouse to stay on top of issues and predictively and proactively manage the future through sales forecasts and inventory balancing, click on the webinar recording below.

Key Takeaways Include:

• Poor inventory management can affect your customer service level and profits.
• By continuously monitoring established inventory management KPIs, your company can readily have all the information it needs to respond to changing needs instantly and into the future.
• Implementing an Inventory Management System will help your company become more efficient, effective, and profitable.

Presented By:

John Holycross– Channel Account Manager – Wasp

Raul Cepeda – VP Product Management & Strategic Alliances – Barcodes Group

If you have any questions, please contact us here.

August 5th at 11AM (Central Time U.S. and Canada)

Key Performance Indicators (KPI) enable the warehouse to stay on top of issues and predictively and proactively manage the future through sales forecasts and inventory balancing.

Join Barcodes Group and Wasp to learn how an automated inventory management system can help your company to monitor those KPIs and provide the valuable information needed to move faster, ship sooner, please customers and protect workers. Plus, get a chance to win one of two $50 gift cards when you attend.

Key Takeaways Include:

• Poor inventory management can affect your customer service level and profits.
• By continuously monitoring established inventory management KPIs, your company can readily have all the information it needs to respond to changing needs instantly and into the future.
• Implementing an Inventory Management System will help your company become more efficient, effective, and profitable.

Presented By:

John Holycross– Channel Account Manager – Wasp

Raul Cepeda – VP Product Management & Strategic Alliances – Barcodes Group

If you have any questions, please contact us here. If you can’t make the live webinar be sure to register anyways and we’ll send you the recording afterward. We hope to see you there!