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Inventory Metrics - Whiteboard Wednesday

Learn more at: http://www.fishbowlinventory.com/quic.... Inventory Metrics are an important part of running a business. Fishbowl CMO Kirk Tanner talks about three main Inventory Metrics: Inventory Levels, Inventory Turnover, and Inventory Cycle Time. Inventory Levels are the numbers of items you have in stock. Inventory Turnover is the ratio of how many times you sell the items in your inventory. This can be calculated for each part/product or for your total inventory. Inventory Cycle Time is how much time it takes to fulfill a customer's order. This can include manufacturing time, shipping time, and other criteria. Whiteboard Wednesday is a series that briefly describes inventory management topics in easy-to-understand words and graphics. It's produced by Fishbowl Inventory, the most requested inventory management solution for QuickBooks users.