Examples of 'average inventory' in a sentence
Meaning of "average inventory"
average inventory - This phrase refers to the typical amount of merchandise or goods held in stock by a company over a specific period. It is a key metric in assessing inventory management and supply chain efficiency
How to use "average inventory" in a sentence
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average inventory
Inventory holding cost is based on average inventory.
Find the average inventory at cost.
Some of our high traffic items can experience an above average inventory turn over.
The long term average inventory hovers close to a million.
Products can be converted to use the moving average inventory valuation method.
Average inventory can be reduced.
Estimate the average inventory.
Average inventory balance.
How to get average inventory.
Average inventory is the average amount of inventory held over the accounting period.
The quotient will be the average inventory for the year.
Average inventory period is important because it shows how inventory turnover changes over time.
Divide your COGS by your average inventory.
The value of the average inventory used in the ratio varies accordingly.
To calculate your inventory rate, you first need to calculate your average inventory.
See also
What is the average inventory if costs are minimized?
Increased inventory turns resulting in a 15 % reduction in average inventory levels.
What is the average inventory of scented candles throughout the year?
The other formula divides the Cost of Goods Sold ( COGS ) by average inventory.
Next, divide COGS by average inventory to find our inventory turnover.
Average Inventory - The average stock level over a given period of time.
Inventory turnover rate, Cost of goods sold / average inventory = inventory turnover ( per defined time period ).
The average inventory held is calculated as Q/2.
The average inventory is based on EOQ/2.
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