Annual Inventory Turns is a measure that is calculated by dividing the value of the annual plant shipments at plant cost (for the most recent year) by the total current inventory value at plant cost. Total current inventory includes raw materials, work in process, and finished goods. Plant costs include material, labour and plant overhead.
Get in touch and speak with a Visual Management Specialist to answer any questions you may have on our products, consultancy or business.
Is your business achieving its full potential? Clarity offers a proven approach to help your business achieve its vision. Book now!