What is sales ratio in SAP IS-R - SAP for Retail?

SAP Term: sales ratio

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail The share of the quantities of goods received and goods still to be delivered that have already been sold, based on the formula: Sales rate = sales volume / goods receipt * 100

Smart SAP Assistant

• Key Concepts: 
  Sales ratio is a key metric used in SAP for Retail (IS-R) to measure the performance of a store. It is calculated by dividing the total sales of a store by the total number of customers that visited the store. This metric helps retailers to understand how well their store is performing and identify areas for improvement. 
  
  How to use it: 
  To calculate the sales ratio, retailers need to first determine the total sales of their store. This can be done by accessing the sales data from their SAP system. Once they have this information, they can then divide it by the total number of customers that visited the store. This will give them their sales ratio. 
  
  Tips & Tricks: 
  It is important to note that the sales ratio should be monitored over time in order to get an accurate picture of a store’s performance. Additionally, retailers should compare their sales ratio with industry benchmarks in order to identify areas for improvement. 
  
  Related Information: 
  The sales ratio is just one of many metrics used in SAP for Retail (IS-R). Other metrics include customer satisfaction, inventory turnover, and average order value. By monitoring these metrics, retailers can gain valuable insights into their store’s performance and make informed decisions about how to improve it.