Inventory Measures

Inventory Measures from Inventory Skills

By: Inventory Skills  16-Apr-2013
Keywords: Inventory Measure, Gmroi

Inventory Measure is that technique which is required to get the exact value of stocks available in the company for production and what is the pattern that needs to be followed for the purchase of required inventory for running production. The term inventory turnover is used for doing the calculations for measuring inventory.

Following things must be known before starting with inventory measurement :

• An overview of the importance of inventory measures
• Selecting the right inventory measures for your needs
• Definitions of inventory measures such as:
• Inventory Turns
• Days Inventory Outstanding (DIO)
• Slow Moving/Obsolete Stock

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Keywords: Gmroi, Inventory Measure,

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