Productivity Level 1 - In Stock (target 1% or less)
In Stock Opportunity measures annual sales increase potential if your store never ran out of what it sells (Ace SKUs only). For example, if your metric is 1.1% then your store would see an increase of 1.1% in annual sales if it never sold out of inventory. This metric is highly actionable through your Retail Analytics Dashboard as it lists the SKU-level detail that makes up this metric. Increasing inventory levels for these items will likely increase sales for a minimal inventory investment. SKU lists (and metric) exclude outs caused by RSC (retail support center), special orders, in/out promotional items and other noise. This is an easy level to achieve, but it takes some time for your In Stock percentage to move: persistence and patience are the key to this level.
IMPORTANT: Your system must be on Eagle Level 29.0 or higher.
- Log into Acenet and select Retail Analytics Dashboard from the Find it Fast menu.
- Under the In Stock section, find and click the Current % hyperlink for Mango In-Stock Opportunity.
- A grid will load and populate SKUs that need higher minimum order points (suggested MIN OP column).
- You can accept these MIN OP recommendation by clicking the button in the Change Minimum Order Point column.
- Once you have selected the MIN OPs you'd like to accept, click Submit in the upper right hand corner.
- Within 30 minutes, the order point and minimum order point will increase to the suggested MIN OP level.
Additional Information
- It is our recommendation that you accept all the suggested MIN OPs from the grid. This is a surgical list of SKUs selling out in your store, not caused by the warehouse, and now the ball is in your court to improve the In Stock on these SKUs.
- The budget tool in the upper left can be a nice way to manage cash flow while still improving In Stock.
- Total Inventory Increase at the bottom of the grid displays the cash flow impact of accepting the suggested MIN OPs.
- The Suggested MIN OP value can be overridden using the far right column. While the feature is there, it is against our recommendation to change the suggested MIN OP.
| Which SKUs are excluded from this listing? |
| Column Definitions |
