Fantastic, moderate, poor, and idle are performance indicators.
Fabrikatör analyses the last 30 days' performance of each variant. Based on their revenue contribution in the last 30 days, Fabrikatör classifies them based on their performances.
How to read these performance indicators?
In the last 30 days:
✨ Fantastic: Products with this tag account for the top 80% of your store revenue
⚖️ Moderate: Products with this tag account for the following 15% of your store revenue
☹️ Poor: Products with this tag account for the last 5% of your store revenue
✋ Idle: Idle products did not make any sales.
How they are useful?
Performance indicators are super handy when it comes to restocking or reviewing your inventory. Here are a couple of examples of how to utilize performance indicators when setting up your Fabrikatör account.
Setting "days of stock" based on performance:
✨ Fantastic products are most preferred by your customers, you must make sure they are well-stocked all the time. We suggest setting the "days of stock" 20% higher than your lead time. E.g if the lead time for these products is 100 days, the days of stock should be 120 days.
⚖️ Moderate products are in a transition stage. They can rank up and become fantastic or rank down and become poor. "Days of stock" should be at least equal to the lead time while it should not exceed the "days of stock" of fantastic products. That's where your expertise and insights about the seasonality, trends and customers play a critical role.
☹️ Poor products are not very promising. Therefore you should focus on selling them as soon as possible and ideally do not restock them in huge amounts. You can set the "days of stock" equal to lead time or maybe 10% less. If these products run out of stock, they won't hurt your revenue as much as the other two above.
✋ Idle products did not make any sales in the last 30 days. This is a strong indicator of low performance. Keeping the days of stock to the minimum would protect you from going overstock.