Metrics & KPIsPercentage of duplicate stock numbers
Definition
This KPI helps to control multiple stock numbers for identical inventory. This can be found only when you have identified the total duplicates among your SKUs but you have not actioned. Once, you have identifed a multiple stock number, you have to merge the stocks to one stock number and make other stock numbers inactive for any procurement. You can also monitor the KPI in terms of dollar value. Once you have eliminated the duplicate stock number by merging the stock and making other all but
Formula
No. of duplicate SKUs existing in inventory /Total SKUs in your warehouse
Tags
inventory, procurement