Improving efficiency of inventory management.
thanks for helping.
1. Carrying Cost of Inventory = Inventory Carrying Rate * Average Inventory Value
2. Sales Forecast Accuracy = min(Forecast, Sales) / Max(Forecast, Sales)
3. Days Inventory Outstanding = Inventory No / Average monthly Sales
4. Sales to Inventory Ratio = Sales Value / Inventory Value ........(with similar currency unit)
5. Inventory Turnover => Measure how many times a year organizations able to sell your entire inventory
6. Order to Cash => Days after orders that money comes back to company
etc.
Please go through my Abstract. I can also share a proposed Thesis Outline.
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