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Literature review on inventory management
Review of literature on inventory management
Literature review on inventory management
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Inventory turnover means how many numbers of days a company takes to sell its average holding of inventory. A short turnover period indicates good inventory management. The expected speed of inventory turnover varies between different types of business. However, both of the companies are real estate development industry, so it may expect a low inventory turnover. In Wing Tai, the inventory turnover days are declining; it decreased from 24.45 days to 9.19 days. There had increased in stockturn which meant that the business was speeding up. Stocks were being sold out quickly. However, Kerry’s inventory turnover days were declining; it decreased from 3,567.45 days to 538.85 days. There had increased in stockturn which meant that the business was speeding up. Moreover, most of the Kerry’s property developments were residential properties. Therefore, the Kerry’s stockturn was low because of the residential properties. Since Kerry had many properties held for sale in the inventory, the inventory turnover days were long.
Receivables turnover is the average time that it takes an entity to c...