what is the supply chain cost?
supply chain cost is nothing but cost of holding inventory and the logistics cost.
inventory cost is nothing but the cost of ordering and cost of holding.
INVENTORY TURN OVER:
Inventory turn over is nothing but the cost of replacing and no.of times the inventory is sold during a period of time.
IOT = COST OF GOODS SOLD/AVERAGE INVENTORY.
inventory cost is nothing but the cost of ordering and cost of holding.
INVENTORY TURN OVER:
Inventory turn over is nothing but the cost of replacing and no.of times the inventory is sold during a period of time.
IOT = COST OF GOODS SOLD/AVERAGE INVENTORY.
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