Question

What product flow metrics should retail markets analyze when assessing the impact of COVID-19 on grocery product categories such as grab-and-go/convenience items?  

Answer 1

ANSWER :-

☆ The following are the Product of flow metrics that retail markets ought to break down while evaluating the effect of COVID-19 on comfort Product  classes :

a). Stock Turnover Ratio :

• This is the ratio of cost of merchandise offered to the normal stock for a period. This gives the comprehension on how quick the stock is being sold out. Due to COVID-19, the footfalls in stores may have diminished and it may bring about lower stock turnover.

b). Disposed of significant worth ratio :

• This is the ratio of estimation of products which got lapsed to the estimation of merchandise in the rack. This implies the progression of items being sold is lesser as more products are getting lapsed during COVID-19.

c). Change in Sales volume and Sales Dollars % :

• These are measures which speak to the adjustment in amount and estimation of deals individually contrasted with pre-COVID 19 period.

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