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Raw Material & WIP Inventory Turnover (Quantity)

kpi

Definition

Raw material & work-in-process (WIP) inventory turnover indicates how many times the inventory was consumed and filled up based on quantity. It make sense to measure this for every product. Also known as Inventory Turns.

 

 

Calculation

Annual total quantity of transfers, issues of raw material and WIP / Annual average quantity of gross raw material and WIP inventory