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Fill Rate Formula:
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Parts Fill Rate is a key performance indicator that measures the percentage of customer orders that are completely filled from available stock without backorders or lost sales. It reflects the efficiency of inventory management and order fulfillment processes.
The calculator uses the Fill Rate formula:
Where:
Explanation: This calculation provides the percentage of orders that were completely fulfilled without any stockouts or partial shipments.
Details: Fill Rate is crucial for assessing inventory performance, customer satisfaction, and supply chain efficiency. Higher fill rates typically indicate better inventory management and higher customer satisfaction levels.
Tips: Enter the number of orders filled completely and the total number of orders. Both values must be non-negative integers, and total orders must be greater than zero.
Q1: What is considered a good fill rate?
A: Industry standards vary, but typically a fill rate of 95% or higher is considered excellent for most retail and manufacturing businesses.
Q2: How does fill rate differ from perfect order rate?
A: Fill rate measures complete order fulfillment, while perfect order rate includes additional factors like on-time delivery, accurate documentation, and damage-free shipment.
Q3: How often should fill rate be measured?
A: Most businesses track fill rate weekly or monthly, though high-volume operations may monitor it daily for critical products.
Q4: Can fill rate be improved?
A: Yes, through better inventory forecasting, safety stock optimization, supplier management, and efficient replenishment processes.
Q5: Does fill rate account for partial shipments?
A: No, this calculation only considers completely filled orders. Partial shipments would not count as "filled completely" in this metric.