Turnover: Introduction

Keeping the right inventory is just as important as having it priced right. If you have too many of an item in stock they just sit there on the shelf and don't make you a penny. In fact you are paying taxes on them, so they are actually costing you money!

Likewise, is the problem of not having enough stock of an item so that you keep running out and loose potential sales.

Profit Manager to the rescue!

Ideally I like to shoot for four turns per year. We have a 8,640 sq. ft. building with a 7,040 sq. ft. sales floor. And currently our turns are running about three per year.

The Inventory Turnover module, shown below, will help me increase that ratio by identifying the items that turn less than 4, or more than 4. We can also identify items that didn't sell at all in the last 12 months!

In this unit you can adjust the Point/Qty or Min/Max that RockSolid POS® uses to calculate how many items to order on your next Do it Best Purchase Order.