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Casual Articles - Do You Hold Too Much Inventory - Check Your Stock Turn Ratio
As we gear up for summer--and a well-deserved vacation--let's compare running a restaurant to managing an airline.Manage like the airlines? And what, lose a ton of money? The analogy seems odd, but once you get past the initial shock, it should make more sense. There are two different philosophies about running airlines these days: status treatment, where the more you fly, the better you're treated; and treating everyone the same.Let's look at the two and how you can apply it to building guest and employee loyalty.Status TreatmentF
The ‘stock turn’ is calculated by dividing the annual usage of the inventory (in dollars) by the value of the inventory held (also in dol
The authority over federal payroll tax in the United States is the Internal Revenue Service (IRS that determines the percentage of payroll tax withheld from an employee's wages, the formalities to be fulfilled by an employer and any other issues relating to federal social security, Medicare and unemployment taxes.Federal payroll tax withheld from an employee's wages and paid by the employer includes federal social security tax and federal Medicare taxes. This is a mandatory government extraction from your check on every payday. The federal payroll tax
It is essential to measure the availability of stock, after all that is why the investment is made in the first place. However, measuring stock outs can be a limiting way to measure inventory as it only measures one dimension of inventory, that is, availability. This is limiting because one way to ensure a low number of stock outs is to over invest in inventory so that stock is always available no matter what. This is sometimes referred to as ‘just in case’ inventory.
What is a ‘Stock Turn’?
As inventory requires a significant financial investment and that investment involves significant ongoing costs it is also important to measure the financial performance. Tracking the value of inventory is important for cash management. However, an additional financial measure that often gets overlooked is the stock turn ratio.
The ‘stock turn’ is calculated by dividing the annual usage of the inventory (in dollars) by the value of the inventory held (also in doll
Nurses are taking control of their careers by exploring options other than the traditional roles of yester-year. Independent RN Contractors are storming the healthcare field. There was a time when nurses were hesitant about cutting the ties from the employer not true today. More and more nurses are now enjoying the many benefits of self-employment. Nurse Contractors are now a large part of the nursing industry thanks to the ambitious nurse entrepreneurs. Nurses have realized the many advantages of cutting the middleman out of nursing.An Independent Nur
What is a ‘Stock Turn’?
As inventory requires a significant financial investment and that investment involves significant ongoing costs it is also important to measure the financial performance. Tracking the value of inventory is important for cash management. However, an additional financial measure that often gets overlooked is the stock turn ratio.
The ‘stock turn’ is calculated by dividing the annual usage of the inventory (in dollars) by the value of the inventory held (also in dol
If you could redesign your lifestyle just the way you want it, what would it look like? How would it feel? What’s in your way? Limiting thoughts, beliefs and feelings can impede your progress. Give voice to your dreams and enhance your ability to identify opportunities that move you closer to your ideal.If you want to change the outcome or results, you have to change your thinking. Conflicts between your conscious and unconscious thoughts or beliefs affect what you experience. Here are some guidelines regarding career actions a person can explore no ma
What is a ‘Stock Turn’?
As inventory requires a significant financial investment and that investment involves significant ongoing costs it is also important to measure the financial performance. Tracking the value of inventory is important for cash management. However, an additional financial measure that often gets overlooked is the stock turn ratio.
The ‘stock turn’ is calculated by dividing the annual usage of the inventory (in dollars) by the value of the inventory held (also in dol
Business cards have been used both as a common form of advertising and as a means of exchanging contact information between business people and the public. More recently, with the introduction and increased popularity of plastic business cards, businesses have discovered a newer, durable and longer lasting way to make a memorable impression.There has been a significant increase in the use of plastic business cards. The once-common business card has now evolved into a visually striking and powerful marketing medium.Plastic business cards also pro
As inventory requires a significant financial investment and that investment involves significant ongoing costs it is also important to measure the financial performance. Tracking the value of inventory is important for cash management. However, an additional financial measure that often gets overlooked is the stock turn ratio.
The ‘stock turn’ is calculated by dividing the annual usage of the inventory (in dollars) by the value of the inventory held (also in dol
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The ‘stock turn’ is calculated by dividing the annual usage of the inventory (in dollars) by the value of the inventory held (also in dollars).
For example, if a company holds $5M worth of inventory and issues $2.5M worth of that inventory in a year, the stock turn ratio is 2.5/5.0 = 0.5. That is the company ‘turns over’ its inventory at the rate of one half per year. Obviously, the higher the stock turn ratio the better.
What ‘Stock Turns’ Tells Us Stock turns measures the efficiency of the inventory investment by telling us whether we have over invested in inventory and whether we have the right mix of inventory. (Note however, that it won’t tell us about specific inventory items.)
For example, if the number of stock outs is low (which is good) and the stock turn ratio is also low (which is bad) it is an indicator that there may be an over investment in inventory.
If the number of stock outs is high (which is bad) and the stock turn ratio is low (which is also bad) this indicates that we may have invested in the wrong inventory. That is, that that our money is tied up in stock that doesn’t turn over and we
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