Bright Market’s Purchases Dashboard page is where manager can get a quick overview of key metrics that impact the company’s revenue.

Through this dashboard, you can track the evolution of your sales and product performance, purchases and inventory efficiency.

You can access this tool in the Bright Market site, by clicking on Purchases > Dashboard in the navigation menu.

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The Dashboard page provides a summary of your company’s performance regarding inventory and purchases. For deeper analysis of your company’s metrics, visit Reports.

Metrics

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The table below describes the key metrics available in the homepage dashboard. All metrics refer to company performance in a given time frame.

Metric Description
Average Lead Time Typical duration between the moment a purchase order is placed with a supplier and the time the goods are received by the retailer. It encompasses all processes involved in the order cycle, including order processing, production (if applicable), shipping, and delivery.
Projected stock outs Projected point at which inventory levels are expected to be insufficient to meet upcoming demand. This metric is critical for avoiding situations where stock shortages could impede business operations and affect customer satisfaction negatively.
Current stock outs Present situation where items are unavailable for purchase due to them being out of stock at the moment.
Sell through Percentage of inventory sold compared to the inventory received from the warehouse over a specific period, typically measured monthly or seasonally. It is a key performance indicator that helps understand how effectively the inventory is being turned into sales.
Lost sales Potential sales opportunities that were not realized because the products were unavailable when customers wanted to buy them. This situation often occurs due to stock outs, inadequate inventory levels, or logistical issues that prevent products from being available at the point of sale.
Supplier Compliance Evaluation of supplier performance based on criteria such as delivery punctuality, product quality, and adherence to contract terms. This analysis is vital for managing supplier relationships and optimizing supplier selection.

Trends

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These charts display:

  1. Supplier compliance evolution over the last 12 months: This metric tracks the performance of suppliers over the past year, measuring their adherence to agreed-upon standards and contract terms. It specifically looks at aspects such as delivery timeliness, product quality, and fulfillment of contractual obligations. The evolution chart or graph provides a visual representation of changes in compliance rates month-by-month, highlighting trends, improvements, or declines in supplier reliability. This information is crucial for assessing the stability and dependability of suppliers, and it aids in making informed decisions about continuing or modifying relationships with them based on their performance history.
  2. Lead time evolution over the last 12 months: This metric monitors changes in the time taken from placing an order to receiving it over the past twelve months. It helps identify trends and variations in the lead times, which can influence inventory management decisions. By hovering the mouse over the chart, users can see the number of orders at each data point, providing insights into how order processing and delivery speeds have fluctuated over time.
  3. Sell through evolution over the last 12 months: This metric measures the ratio of units sold to units received within a specific period, tracked monthly over the last year. It provides an overview of how effectively inventory is being converted into sales, highlighting periods of high or low efficiency. This evolution helps gauge product demand and the effectiveness of inventory planning strategies.
  4. Stock outs evolution over the last 12 months: This metric assesses the frequency and duration of stock outs (times when products are unavailable for sale due to inventory depletion) over the past year. Tracking this can pinpoint issues in supply chain management or demand forecasting, showing trends that might necessitate adjustments in inventory levels or supplier relationships to mitigate future stock outs.