Actual Open-to-buy retail inventory as a percentage of planned retail inventory

This measure calculates actual Open-to-buy inventory as a percentage of planned inventory. This Process Efficiency measure is intended to help companies minimize waste and refine resource consumption related to the process "Survey market and determine customer needs and wants".

Benchmark Data

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Measure Category:
Process Efficiency
Measure ID:
106127
Total Sample Size:
76 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
No

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Compute this Measure

Units for this measure are percent.

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Actual Open-to-buy inventory as a percentage of planned inventory

Key Terms

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Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.

Measure Scope

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Cross Industry (7.3.1)

  • 1.1.2.1 - Conduct qualitative/quantitative research and assessments (10028)
  • 1.1.2.2 - Capture customer needs and wants (19946)
  • 1.1.2.3 - Assess customer needs and wants (19947)