As already emphasized earlier, the operational maintenance of the RTO is fast.
This allows us to determine:
how quickly will the warehouse stock become operational;
what volume and how much product needs to be produced.
This is a key indicator in the manufacturing sector.
It allows you to find out:
storage duration;
sales and delivery times;
final expiration date.
To ensure a stable income from products, it is necessary to purchase products regularly. The order also includes the delivery time. Therefore, it is always important to have a stock of products with an adequate shelf life until the next delivery arrives.
Where to find the way to identify the turnover rate of goods RTO? There is a special formula for determining the turnover rate:
speed = RTO / OZ
Where:
RTO is the percentage of turnover for a certain period of time;
OZ is the volume or quantity of production stocks.
Previously, the planned turnover was calculated manually or on a calculator. Now, the turnover at various prices is calculated in special software products, which already contain the necessary formulas.
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Tasks of turnover analysis
The prosperity of any trading platform or retailer is inextricably linked to the level of trade. Identifying the potential for increasing the company's income by analyzing the turnover of retail products is the purpose of identifying reserves.
Analysis of the organization's retail turnover involves identifying hidden opportunities, the use of which contributes to an increase in sales volumes in accordance with information about previous time periods.
Tasks of turnover analysis
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Collection of information and its analysis on turnover are necessary for the enterprise to evaluate the results of its activities and develop marketing strategies for the future. These are the tasks of retail turnover analysis.
Conducting a turnover analysis is mandatory, as its results directly affect the company's financial position, the level of demand satisfaction, as well as the costs of circulation, total income and profit. The study is conducted on the basis of accounting, statistical reporting and operational accounting.
Before starting the analysis, it is necessary to ensure that the indicators used are consistent in three areas:
by prices : the turnover for the reporting period must be calculated in the same prices as the turnover for the base period (for this, the price index is used);
by time : the reported turnover should be compared with the base turnover in the same time periods. If the time intervals differ, use the average daily or one-day turnover;
in space : turnover for the reporting and base periods must be calculated on the same retail space.
If you conduct a turnover analysis before the end of the reporting period, you should calculate the expected turnover of goods for the entire period. In this case, you need to add the expected turnover of goods for the last month (May) to the turnover already made for the previous quarter (for example, for March and April).