Product Performance

Product Performance

Tracking product performance is essential for Shopify merchants aiming to optimize their inventory, pricing, and customer satisfaction. AngularView’s Product Performance Dashboards offer a comprehensive way to analyze key metrics over different time periods, helping merchants make informed decisions to boost their business success. These dashboards include yearly, quarterly, monthly, and weekly insights, enabling a granular and holistic view of product trends and performance.


Yearly Product Performance Dashboard

This dashboard provides an annual overview of product performance, offering insights into long-term trends and year-over-year comparisons. By tracking yearly metrics, merchants can identify top-performing products and spot any seasonal patterns.

  • Value to the Merchant: This dashboard helps merchants understand how their products perform across years. Key measures like “SKU Count” and “Ordered Quantity” highlight product popularity and inventory turnover, while “Line Discounted Value” offers visibility into discounted sales trends. Merchants can use these insights to strategize for upcoming years by aligning inventory and marketing efforts with proven patterns.
  • Problems Solved: It addresses the challenge of tracking long-term performance and spotting macro trends that may be missed in shorter time frames. Seasonal fluctuations and their impact on sales become clear, helping merchants optimize future inventory and promotions.
  • Tips and Tricks:
    • Use the “Ordered Quantity” measure to pinpoint products that consistently perform well.
    • Identify products that require frequent inventory adjustments using the “Non-Fulfillable Quantity” measure.
    • Compare yearly trends to refine pricing strategies for peak seasons.
  • Use Cases:
    • Planning inventory for the upcoming year based on the past year’s performance.
    • Adjusting annual marketing budgets to focus on high-performing product categories.

Quarterly Product Performance Dashboard

This dashboard offers a quarterly breakdown, perfect for identifying mid-term trends and adapting strategies within the year. Merchants can use this to quickly respond to emerging market conditions or product demand changes.

  • Value to the Merchant: Quarterly insights provide a balance between the broad view of yearly performance and the detailed view of monthly trends. Metrics like “SKU Count” and “Fulfillable Quantity” enable merchants to monitor product availability and sales efficiency over a quarter.
  • Problems Solved: This dashboard helps merchants manage inventory turnover and promotional campaigns more effectively. By understanding quarterly performance, they can avoid overstocking or understocking products and adjust pricing strategies dynamically.
  • Tips and Tricks:
    • Leverage “Line Discounted Value” to evaluate the success of quarterly promotions.
    • Monitor “Non-Fulfillable Quantity” to detect potential stockouts and respond proactively.
    • Compare quarterly performance year-over-year to identify consistent performers.
  • Use Cases:
    • Evaluating the impact of a seasonal sale within a specific quarter.
    • Adjusting marketing strategies to boost sales in underperforming quarters.

Monthly Product Performance Dashboard

The monthly dashboard dives into detailed trends and performance metrics, allowing merchants to analyze product success over shorter periods. It is ideal for tracking the effectiveness of recent promotions and sales campaigns.

  • Value to the Merchant: This dashboard highlights how individual products perform month-to-month. “SKU Count” and “Ordered Quantity” give clarity on sales trends, while “Line Discounted Value” provides insights into the role of discounts in driving sales.
  • Problems Solved: Merchants can quickly identify underperforming products and adjust marketing strategies in real time. It also helps track inventory levels and ensure optimal stock availability.
  • Tips and Tricks:
    • Focus on “Ordered Quantity” to identify top-selling products each month.
    • Use “Line Discounted Value” to evaluate the effectiveness of promotions and discounts.
    • Regularly monitor stock levels using “Non-Fulfillable Quantity” to avoid missed sales.
  • Use Cases:
    • Analyzing the success of a month-long promotional campaign.
    • Ensuring optimal inventory levels during high-demand months.

Weekly Product Performance Dashboard

The weekly dashboard delivers granular insights into product performance, offering real-time data to help merchants react swiftly to changing trends and demands.

  • Value to the Merchant: Weekly insights are critical for fast-paced decision-making. Merchants can track key metrics like “SKU Count” and “Ordered Quantity” to manage inventory and promotions on a short-term basis.
  • Problems Solved: This dashboard helps merchants stay agile by identifying product demand spikes or drops within a week. It ensures that inventory adjustments can be made in time to avoid stockouts or excess inventory.
  • Tips and Tricks:
    • Monitor “Fulfillable Quantity” daily to ensure smooth operations.
    • Use “Line Discounted Value” to gauge immediate responses to discounts.
    • React to weekly trends in “Ordered Quantity” to optimize sales campaigns.
  • Use Cases:
    • Managing stock levels during flash sales or weekly promotions.
    • Analyzing the impact of a new product launch within the first week.

By leveraging AngularView’s Product Performance Dashboards, Shopify merchants gain actionable insights that drive smarter decisions, leading to improved sales, optimized inventory, and better customer satisfaction. These tools are an essential part of modern ecommerce management, helping businesses stay competitive in an ever-changing marketplace.

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