Inventory KPIs: Turnover, Days of Supply & Fill Rate
All lessons
- Inventory KPIs: Turnover, Days of Supply & Fill RateFree
- ABC Classification of Stock Items Pro
- EOQ & the Ordering-Cost Trade-off Pro
- Safety Stock & Reorder Point Pro
- Demand Forecasting: Moving Average, Exponential Smoothing, MAD & MAPE Pro
- Capacity, Utilisation & the Bottleneck Pro
- Landed Cost & Weighted Supplier Scoring Pro
- Lean & Quality Metrics: Takt Time, OEE, DPMO & Sigma Level Pro
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Do not average ratios
The company turnover is total COGS / total average stock, not the AVERAGE of the five category turnovers. Small categories would otherwise count as much as big ones. The same applies to fill rates: add the units first, then divide.
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