Inventory velocity for components
I’m a manufacturer. Most of my purchase orders are for components, rather than finished goods. I would like the inventory velocity module to compute velocity and days to zero for components. Rate of change from previous to current period would be helpful as well. Currently I have to manually compute my component consumption in a spreadsheet by working backwards from the velocity report for finished goods. Then I look at rate of change from period to period in order to compute quantities to order. In many cases I have multiple finished goods pulling from the same pool of components, so it’s fairly complex. For example, I have base product A, and package sizes A1, A2, A3, and A4. Each package size is a separate component and they all consume different amounts of base product A for each unit sold. It would be extremely helpful if I could see velocity for my components. Thank you.
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