KPI of the Day – Retail: % Sales order cancellation rate
Definition
Measures the ratio of sales orders that are canceled within a given time period.
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Measures the ratio of sales orders that are canceled within a given time period.
Measures the level of extra stock that is maintained below the cycle stock to buffer against stock-outs. Safety stock exists to counter uncertainties in supply and demand.
Measures stock kept at hand to meet seasonal fluctuations in demand, or shortfalls caused by erratic production.
On April the 26th & 27th, at the Radisson Blu Hotel Bucharest, the TeCOMM Bucharest event took place, which is an event dedicated to the eCommerce industry.
Tesco is one of the largest retailers in the world, with a core business in UK that provides 60% of all sales and profits. In the last years, Tesco’s expansion has positioned the company as a leading brand, reaching China, Czech Republic, India, Malaysia, Ireland, Hungary and Poland.