by Dr Will @ Iconic

Calculating Inventory Turnover (with PostBooks Example)

Posted by Amos Hunt on Sep 19, 2013 3:20:44 PM

Mathematicians developed Little's Law (which we discussed in last week's post) to solve a limited problem of measuring customer flow. The idea was to prove that you could calculate the average time spent by a customer at a location by dividing an average head count by the average arrival rate. But it turns out that this handy formula can be used to calculate the flow rate of any kind of inventory at all.

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Topics: flow unit, Inventory, Technical, operations managament, ERP, Process, postbooks

Iconic BMS is dedicated to helping you make your brewery Iconic ... by providing the techniques and technology to improve your operational excellence.

Your brewery is focused, as it should be, on your beer and your customers.  The "business of the brewery" is that set of activities common to all businesses that make your organization effective and efficient.  Improvements in the "business of the brewery" help you improve by freeing resources to focus on what is most important - the Customer ... and the beer!

This blog will cover more than just techniques and technology, though.  Included will be all manner of information that takes a brewery from fantastic to Iconic.

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