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Future including an inventory turnover calculation ratio for the purpose of financial inquiries, reporting and easy dashboard efficiency visualization, might be ideal.
Not having an inclusive inventory turnover ratio calculation, user might potentially calculate turnover ratios outside the system.
Inventory turnover ratio: Cost of good sold/ divided by average inventory balances.
Average inventory: Beginning inventory balance + ending inventory balance/ divided by 2.
Note: Inventory balance=Inventory on hand valuation costing report as of a specific date.
In the future including an inventory ratio calculation report by item and by vendor might be a potential luxury feature to future include.
Not having an inclusive inventory turnover ratio calculation, user might potentially calculate turnover ratios outside the system.
Inventory turnover ratio: Cost of good sold/ divided by average inventory balances.
Average inventory: Beginning inventory balance + ending inventory balance/ divided by 2.
Note: Inventory balance=Inventory on hand valuation costing report as of a specific date.
In the future including an inventory ratio calculation report by item and by vendor might be a potential luxury feature to future include.
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The can already see the Turnover ratio and Days of Inventory per cost object Item + product dimensions + Site) in the application. You can also see it overall in the Cost management workspacesIf you want as report you can open the embedded cost management Power BI from the WorkspacesAnders Girke Microsoft
Category: Inventory