Fill Rate
Synonyms
Order Fulfillment Rate
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Demand Satisfaction Rate
Definition
The fill rate is an important logistics metric which indicates the percentage of orders that can be fulfilled in full from the available inventory of a company within a specified period of time without delivery delays. If, e.g., 90 out of 100 items can be delivered immediately, the fill rate is 90 %. A high fill rate therefore indicates efficient warehouse and delivery processes and high product availability.
In our ERP solution, the fill rate can be recorded in a standardized manner for each item in sales and service orders. The stored information can then be further processed in Aptean Equipment BI Connect to create fill rate reports. These insights support informed decisions regarding stocking strategies and inventory management.