![]() This metric yields the weighted average cost per unit. The cost of available goods for sale divided by the number of units for sale. Balanced turnover rate indicates high efficiency, lower costs, and higher customer satisfaction.High turnover rate can mean excess shipping costs to quickly replace things that are out of stock, incomplete orders, and wasted time trying to locate missing items.Low turnover rate indicates duplicate orders and deteriorating stock value.The cost of goods sold divided by average stock on hand. Your stock management system should support multiple stock valuation methods and functions such as: Stock turnover rate When stock and accounting are integrated well, you get real-time metrics into your goods at every step of the process. Stock is considered a business asset, so stock management ties in closely with accounting. The close relationship between stock and accounting
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