R
I am new at this so hope I am doing this correctly. I work for a small medical device company that relies entirely on Doctors, and Universities getting grants to make a sale. I?m not sure if we are calculating to get an accurate quarterly inventory turn number. We have overstock out the ying yang from a previous purchasing agent currently getting it under control. Obviously nonmoving inventory will affect our turns but what about work orders - material that is pulled out of inventory, and just sits in production as not used could be there in some cases over a year. Should we be using a different method in calculating our turns? Currently use purchased, average inventory
Thanks
Rebecca
Thanks
Rebecca