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Inventory Manager metrics and KPIs

What are Inventory Manager metrics?

Finding the right Inventory Manager metrics can be daunting, especially when you're busy working on your day-to-day tasks. This is why we've curated a list of examples for your inspiration.

Copy these examples into your preferred app, or you can also use Tability to keep yourself accountable.

Find Inventory Manager metrics with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI metrics generator below to generate your own strategies.

Examples of Inventory Manager metrics and KPIs

Metrics for Accuracy in Multiple Warehouses

  • 1. Inventory Accuracy Rate

    Measures the percentage of inventory records that match the physical count

    What good looks like for this metric: Typically around 95-99%

    Ideas to improve this metric
    • Implement regular cycle counts
    • Enhance employee training programmes
    • Utilise an automated inventory management system
    • Conduct root cause analysis on discrepancies
    • Improve data entry processes

  • 2. Shrinkage Rate

    Quantifies the loss of inventory due to factors like theft, damage, or miscounting

    What good looks like for this metric: Typically around 1-3%

    Ideas to improve this metric
    • Strengthen security measures
    • Improve inventory handling practices
    • Conduct regular audits
    • Implement loss prevention policies
    • Enhance employee accountability

  • 3. Order Fulfilment Accuracy

    Tracks the percentage of orders correctly picked, packed, and shipped without mistakes

    What good looks like for this metric: Typically around 95-99%

    Ideas to improve this metric
    • Enhance order verification processes
    • Invest in pick-to-light or voice picking technology
    • Regularly train order fulfilment staff
    • Implement barcode scanning processes
    • Regularly audit orders

  • 4. Stockout Rate

    Indicates the percentage of items not available when needed

    What good looks like for this metric: Typically below 5%

    Ideas to improve this metric
    • Optimise forecast and demand planning
    • Improve supplier relationships
    • Conduct regular stock level assessments
    • Utilise just-in-time replenishment
    • Implement safety stock levels

  • 5. Turnover Rate

    Measures how quickly inventory is sold and replaced over a period

    What good looks like for this metric: Varies by industry; generally higher is better

    Ideas to improve this metric
    • Enhance inventory management practices
    • Conduct market trend analysis
    • Optimise pricing strategies
    • Improve demand forecasting accuracy
    • Regularly review slow-moving inventory
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Tracking your Inventory Manager metrics

Having a plan is one thing, sticking to it is another.

Setting good strategies is only the first challenge. The hard part is to avoid distractions and make sure that you commit to the plan. A simple weekly ritual will greatly increase the chances of success.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

More metrics recently published

We have more examples to help you below.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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