What is KPI Dashboard in Retail? Explained

A Key Performance Indicator (KPI) dashboard in the retail industry is a visual tool that consolidates and displays essential metrics and performance indicators in real-time. It provides a snapshot of a retailer's key performance metrics, such as sales, inventory turnover, customer satisfaction, and other relevant data. KPI dashboards enable retail managers and decision-makers to monitor performance, identify trends, and make informed decisions to optimize various aspects of the business. These dashboards contribute to strategic planning, ensuring that the retail operation aligns with its objectives and responds effectively to market dynamics.