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15 Key Product Management Metrics and KPIs

Altexsoft

To deliver the most value, encourage your return and loyalty, executives of companies like these start their weeks with looking at metrics – pieces of quantifiable data that illustrate the changes in revenue and customer behavior. In this article, we will introduce you to metrics and KPIs to track your product success.

Metrics 92
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Net Promoter Score: How to Use and Track the Main Loyalty Metric

Altexsoft

One of the most efficient and valuable metrics here to implement is the Net Promoter Score. It shows how many of your customers can be considered loyal – those who are the least likely to abandon your product for a competitor. So, how to understand the number of your evangelists and what to do with this information next?

.Net 73
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RevPAR, Occupancy Rate, ADR, and Other Hotel Metrics: How to Evaluate Your Property’s Performance

Altexsoft

In other words, a certain number of metrics and KPIs has to be set up, monitored, and analyzed to be turned into valuable insights. Occupancy rate, ADR, and ALOS: basic operational metrics. Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. Occupancy rate. Why use it?

Hotels 64
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Turnover Ratio, Return Rate, Shrinkage, and Other Inventory KPIs to Manage Your Stock

Altexsoft

Turnover Ratio, Return Rate, Shrinkage, and Other Inventory KPIs to Manage Your Stock Inventory management always involves deciding on further actions: Which items should you replenish? What are inventory KPIs? We’ll also suggest a few tips on how to approach inventory-related business intelligence. How to approach it?

KPI 52
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Product Life Cycle: How to Extend Your Product Market Presence

Altexsoft

If you use the Agile software development approaches, at the development stages you may consider particular metrics and KPIs to optimize the product delivery. Product lifecycle stages with their characteristics and key metrics to focus on. KPI – Indicators to trace at the entry level.

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How to Build a Product Marketing Strategy for Your Software Solution

Altexsoft

In this article, we will explain how to create a step-by-step product marketing strategy for your software solution. This information allows you to see what the other products have that yours doesn’t and understand how to position it. Key deliverables: KPIs (sales volume, market penetration rate, NPS, ROI), customer feedback.

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Hotel Revenue Management: Solutions, Best Practices, Revenue Manager’s Role

Altexsoft

KPI tracking. The last point is of special importance, because the KPIs define the success of the whole strategy. KPIs in hotel revenue management. It’s compared to hotel’s historical ADR or competitors’ metrics. Revenue per available room (RevPAR) – a KPI that assess financial and business performance of a hotel.

Hotels 66