CEO Juice provides Business & Artificial Intelligence for copier dealers, processes like this one:

Have you been monitoring your company’s inventory turn rates? Currently eAutomate does not provide a report or eView on inventory turns. 

Inventory turnover is a financial ratio that you should be paying close attention to as it indicates the cash efficiency a company enjoys.  Any inventory, on your shelf or in your technician’s car, is typically the largest places where your cash is tied up. The higher your turn rate, the lower your risk of inventory loss and/or obsolescence.

The speed with which a company can sell inventory is a critical measure of business performance. It is also one component of the calculation for return on assets (ROA); the other component is profitability. The return a company makes on its assets is a function of how fast it sells inventory at a profit. As such, high turnover means nothing unless the company is making a profit on each sale. This article has a good explanation.

CEO Juice provides Business & Artificial Intelligence for copier dealers and we’ve built an Inventory Turns Report (ID806). 

ID806-1
Dealers typically track 3 primary turn rates: Equipment, Parts & Supplies.Historically the benchmarks were:Equipment – 4 to 5Supplies – 7 to 8Parts – 2.5+Now we are seeing benchmarks of:Equipment – 6 to 7Supplies – 9 to 10Parts – 4+

Start with this one minute video on why you should hire CEO juice.

We Provide Business and Artificial Intelligence for Copier Dealers