10 Product Performance KPIs
This subcategory measures the success and market reception of different products or services. By analyzing sales volumes, revenue contributions, and market share of each product, businesses can make informed decisions about product development, marketing strategies, and inventory management. It's crucial for understanding which products are driving business success and which may need reevaluation.
Determines the average time a product takes from being listed for sale to being sold, indicating market demand.
Shows how often a company's inventory is sold and replaced over a period, highlighting the product's sales speed.
Assesses the additional price that consumers are willing to pay for a product over the competitors' average price, reflecting brand strength.
Tracks the sales growth of a product over time, providing insight into its lifecycle stage.
Indicates the sales performance of a product in comparison to competitors in the same market.
Calculates the profit margin of a product by comparing its revenue to the cost, signifying its profitability.
Calculates the rate at which sold products are returned, assessing customer satisfaction and product quality.
Measures the total revenue generated from a specific product, showing its financial contribution to the business.
Reflects the total number of units sold for a specific product, indicating its demand and acceptance in the market.
A metric derived from customer feedback and ratings, representing overall customer satisfaction with a product.