Purchase Frequency (PF)

Purchase Frequency (PF)

Refers to the rate at which customers make purchases within a specific timeframe.

It offers businesses with insights into customer behavior and potential for growth. A higher purchase frequency suggests greater customer engagement and loyalty, indicating sustainable growth opportunities. Additionally, tracking purchase frequency enables businesses to enhance customer experiences, plan marketing campaigns, and maximize customer lifetime value (CLV) by increasing both order frequency and average order value. By understanding and leveraging purchase frequency data, companies optimize their strategies to drive repeat purchases and foster long-term customer relationships.

Related Terms

Out of stock (OOS)

A situation occurs when a product that is supposed to be available for sale is completely

Forecast Accuracy

Forecast accuracy refers to the degree to which a forecast aligns with actual sales data, indicating

Merchandising

It includes the comprehensive strategies and practices retailers employ to promote and sell products to customers