Difference between revisions of "What is stock turn?"
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(New page: {{Review}} == 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 s...) |
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== Summary == | == Summary == | ||
This article is to explain the term "Stock Turn". | 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. | |
| − | + | {{Example|text=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 == | |
| + | * [[Creating a stock item]] | ||
| + | * [[How do I find a stock code?]] | ||
| + | * [[Dealing with backorders in point of sale]] | ||
| + | * [[Selling stock at point of sale]] | ||
| + | * [[Selling stock in Invoicing and Customer Orders]] | ||
| − | + | {{KB_Tags|stock, turn}} | |
| + | {{Hint}}{{KB_ST}} | ||
Latest revision as of 05:30, 17 April 2019
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.
 | 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
- Creating a stock item
- How do I find a stock code?
- Dealing with backorders in point of sale
- Selling stock at point of sale
- Selling stock in Invoicing and Customer Orders
