[HELP] Fast and Slow Moving Stocks Inventory

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I don't know if this is the right place to ask this but how can I compute for fast and slow moving stocks of the inventory? I'm seeing a lot on internet but I don't know what is the standard and I also hear from others that getting fast moving stocks must be based on item with highest contribution in terms of sales and slow for lowest. I'm really confused. Please help me. Thanks.

Posted 15-Sep-14 1:28am

Doughnatch

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[no name] 15-Sep-14 7:33am

It would be the right place to ask if your question had anything at all to do with programming.

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DaveAuld · Answer 1 · 2014-09-15T01:44:00

Solution 1

This is really a question for your management team / head of sales / marketing or whatever you want to call them.

The organisation will need to determine what they determine fast/slow moving stock, i.e. sales/day, sales/month, sales/year, seasonal/sales etc.

They may also be interested in turnover/volume moved vs total inventory turnover

Once these metrics are understood, it is simply a case of writing suitable analytics queries to understand and present the data in a usable form.

Posted 15-Sep-14 1:44am

DaveAuld

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Doughnatch 15-Sep-14 7:57am

But what do supermarkets usually use to determine those? Do they have standard formula?

DaveAuld 15-Sep-14 8:44am

They will have developed formula over years of R&D, these will not be in the public domain as they will ultimate can make or break a company. If you think that these are used to determine automatic ordering processes etc. get them wrong you could lose money through lack of stock or cost you money by having excess stock sat on the shelves.