Retail on-shelf/in-stock availability rate
This measure calculates the on-shelf availability/in-stock rate for products available for sale to the shopper. Product availability is defined as a product for sale to a shopper, located in the place the shopper expects to find the product, and at the time the shopper expects to find the product. It is part of a set of Process Efficiency measures that help companies optimize their "manage sales orders” process by minimizing waste and refining resource consumption.
Benchmark Data
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- 75th
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Indicator:
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Units for this measure are percent.
On shelf availability/In-stock rate for both online and store operations
Key Terms
Process efficiency
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.
Median
The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.