Fill Rate Formula:
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The Parts Department Fill Rate measures the percentage of requested parts that were successfully filled from available inventory. It's a key performance indicator for inventory management and customer service efficiency in parts departments.
The calculator uses the Fill Rate formula:
Where:
Explanation: The formula calculates the percentage of customer demand that was met from available stock without backorders or delays.
Details: Fill rate is a critical metric for evaluating inventory performance, customer satisfaction, and operational efficiency. Higher fill rates indicate better inventory management and customer service levels.
Tips: Enter the number of parts filled and parts requested as whole numbers. Both values must be valid (parts requested > 0, parts filled ≥ 0).
Q1: What is considered a good fill rate?
A: Typically, fill rates above 95% are considered excellent, while rates below 85% may indicate inventory management issues.
Q2: How often should fill rate be calculated?
A: Fill rate should be monitored regularly - daily, weekly, or monthly - depending on business volume and inventory turnover.
Q3: What factors affect fill rate?
A: Inventory levels, demand forecasting accuracy, supplier reliability, and inventory management practices all impact fill rate.
Q4: How can fill rate be improved?
A: Improve demand forecasting, optimize inventory levels, strengthen supplier relationships, and implement better inventory management systems.
Q5: Is fill rate the same as service level?
A: While related, fill rate measures actual performance while service level often refers to target performance goals or probability of stock availability.