Difference between revisions of "What is stock turn?"
From Catalyst
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The higher the figure the better! | The higher the figure the better! | ||
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| + | == See Also == | ||
| + | * [[:Category:Getting Started|Getting Started]] | ||
| + | * [[:Category:Hints and Tips|Hints and Tips]] | ||
{{KB_Tags|Stock, Turn}} | {{KB_Tags|Stock, Turn}} | ||
{{KB_ST}} {{Hint}} | {{KB_ST}} {{Hint}} | ||
Revision as of 15:47, 19 August 2013
Summary
This article is to explain the term "Stock Turn".
More Information
- "Stock Turn" is used to describe the number of times that your Stock is sold within a set period.
- "Stock Turn" can either be Predictive which will look at how many times your present Stock will turn or Historic which will look at how many times your average Stock level did turn during the period you specify.
 | E.G.: If you keep five of the same jacket in stock and you sell ten of that jacket within the period you are looking at that would give you a stock turn of two.
Total Sales = 10 Stock = 5 Total Sales divided by Stock 10/5 = 2 |
What is a good "Stock Turn"?
This does vary by item, expensive items may only turn once or twice within a set period, whereas an item with a value of a few pence may turn hundreds of times.
The higher the figure the better!
See Also
