
Inventory Turnover Ratio (ITR)
Inventory Turnover Ratio (ITR) Excess Inventory Ratio (EIR) ITR is basic for to monitoring and controlling tool that help to inventory management for maintained & further actions. ITR – inventory Turn over ratio showing the real situation of the…

Reorder level: Calculation | Affected factors
Reorder level: Calculation | Affected factors/ Reorder level Format for Consumable Goods/ Critical Spare parts What is reorder level? Reorder level or Reorder point is measurement of stock level, which suggests when to give new orders so that the minimum level…