No matter the operation’s size, every business strives for better profitability and customer retention. To do so, companies often track several key performance indicators (KPIs) to monitor and forecast business growth. While there are many viable KPIs to track, small and growing businesses are often encouraged to monitor the following indicators:

1. Order accuracy rates address how often orders are shipped with the correct products to the correct customer within the correct allotted time.
2. Inventory turnover rates can record the fluctuating demands for any particular product while assessing your ability to move goods down the supply chain.
3. Gross profit margins provide a clear picture of final profits after operational expenses such as labor, shipping, and the like are paid off.
4. Cash flow forecast assists small businesses in predicting the costs of high demand, so they can make adjustments accordingly before profits are hindered.
5. Funnel drop-off rates allow you to see how many potential customers abandon purchases to optimize business tactics.
6. Market share clearly depicts how your business compares to competitors by measuring company sales with total industry purchases.

To track multiple KPIs in real-time without costly errors, Barcodes, Inc. recommends simplified and scalable digitization

Track it all with Barcodes, Inc. Digitization Solutions – built with Zebra’s Scanners

Unlike paper-based systems, digitized warehouse management curbs the likelihood of manual data entry errors, misplaced files, missed sales, late deliveries, and bottlenecks. Zebra’s enterprise-ready scanners successfully transfer all your crucial data into the digital system of your choice, all for…

• Faster order throughout
• Increased order accuracy rates
• Sharable data with minimized workflow disruptions
• Easy configuration for faster deployment
• Faster onboarding thanks to their intuitive user-friendly build

At Barcodes, Inc., digitization doesn’t have to be complicated. Take a closer look into how we make optimized inventory management seamless, simple, and scalable with Zebra’s rugged scanners. Contact us for a free assessment.