Search results
Results from the WOW.Com Content Network
However, a car dealer will have a low turnover due to the item being a slow moving item. As such only intra-industry comparison will be appropriate. Even within industry, inventory turns can vary across firms for various reasons, such as the amount of product variety, the extent of price discounts offered, and the structure of the supply chain.
A supply chain responsiveness matrix is a tool that is used to analyze inventory and lead time within an organization. The matrix is one of a number of value stream mapping tools. [1] The matrix is represented by showing lead time along the x-axis and inventory along the y-axis. The result shows where slow moving stock resides.
IAS 2 requires that those assets that are considered inventory should be recorded at the lower of cost or net realisable value. Cost not only includes the purchase cost but also the conversion costs, which are the costs involved in bringing inventory to its present condition and location, such as direct labour.
Inventory optimization refers to the techniques used by businesses to improve their oversight, control and management of inventory size and location across their extended supply network. [1] It has been observed within operations research that "every company has the challenge of matching its supply volume to customer demand.
WIP inventory calculations can help a company assess their supply chain health and guide in supply chain planning. [11] In most cases, it is ideal to have low WIP inventory levels, [11] and companies that manage their inventory level efficiently tend to have lower costs. [12]
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
In business, Gross Margin Return on Inventory Investment (GMROII, also GMROI) [1] is a ratio which expresses a seller's return on each unit of currency spent on inventory.It is one way to determine how profitable the seller's inventory is, and describes the relationship between the profit earned from total sales, and the amount invested in the inventory sold.
Discover the best free online games at AOL.com - Play board, card, casino, puzzle and many more online games while chatting with others in real-time.