What is on-shelf availability rate in SAP IS-RAO - SAP Retail Activity Optimization?

SAP Term: on-shelf availability rate

• Component: IS-RAO

• Component Name: SAP Retail Activity Optimization

• Description: A KPI indicating the probability that a product can be found on a shelf in a store.

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• Key Concepts: 
  On-shelf availability rate is a metric used in SAP Retail Activity Optimization (IS-RAO) to measure the availability of products on store shelves. It is calculated by dividing the number of products available on shelves by the total number of products that should be available. This metric helps retailers understand how well their stores are stocked and how well they are meeting customer demand.
  
  How to use it: 
  The on-shelf availability rate can be used to identify areas where stores are not meeting customer demand. It can also be used to measure the effectiveness of store stocking strategies and identify areas where improvements can be made. Additionally, it can be used to compare the performance of different stores and identify best practices that can be implemented across all stores.
  
  Tips & Tricks: 
  When using the on-shelf availability rate, it is important to consider other factors such as store size, product type, and customer demand. Additionally, it is important to track this metric over time in order to identify trends and make informed decisions about stocking strategies.
  
  Related Information: 
  The on-shelf availability rate is just one of many metrics used in SAP Retail Activity Optimization (IS-RAO). Other metrics include stock accuracy, inventory turnover, and sales per square foot. Additionally, IS-RAO provides tools for analyzing customer data and optimizing store operations.