Top Metrics Product Companies Should Be Monitoring
Collecting good, timely data with careful analysis to guide proper business decisions is critical to thriving in business today. Starting with this set of KPIs will form a solid foundation to accurately track these metrics and make informed business decisions.
This white paper provides a set of 17 KPI formulas that every product company should be monitoring consistently, such as:
Inventory Turnover Ratio to indicate the health of your organization.
Picking Accuracy, which is critical to understand frequency and causality.
Average Order Value to arm your sales team with data on customer trends.
Net Promoter Score so you can analyze your customer satisfaction.
"One of the reasons it’s so important to repeat and record your chosen KPI calculations is that it’s often the change in the KPI that’s important to business."