Kehilangan Diskon Volume
Beberapa pemasok menawarkan diskon volume atau harga khusus untuk pesanan besar. Jika perusahaan terlalu sering memesan dalam jumlah kecil karena perputaran persediaan yang tinggi, mereka mungkin kehilangan keuntungan dari diskon ini.
Optimalisasi Rantai Pasokan
Perusahaan dapat memperbaiki hubungan dengan pemasok, mengurangi waktu siklus pengadaan, dan memperbaiki proses produksi untuk membantu meningkatkan putaran persediaan.
Menjalin kerjasama yang erat dengan pemasok dan memperpendek waktu siklus pengadaan barang dapat membantu mempercepat aliran persediaan.
Efisiensi Operasional
ITR mencerminkan seberapa efisien perusahaan dalam mengonversi persediaan menjadi penjualan. Rasio yang tinggi menunjukkan bahwa perusahaan dapat mengelola persediaan dengan cepat dan efektif.
Biaya Pemesanan yang Tinggi
Proses pemesanan dan pengiriman barang memiliki biaya tertentu. Jika perputaran persediaan terlalu tinggi, frekuensi pemesanan juga akan meningkat, yang dapat mengakibatkan biaya tambahan terkait dengan pengelolaan pesanan dan pengiriman yang lebih sering.
Optimize your supply chain
Trimming unnecessary delays and strengthening your supply chain can help safeguard you from the headaches that come with delayed product deliveries. Besides reviewing your supply chain periodically, one of the best things to do is improve how much data you capture at each step to assess for efficiency and become more aware of how well you’re managing retail inventory.
In this case, our inventory turnover rate gives you a glimpse into how much carrying cost you’re shouldering that you might not have to. Adopting a just-in-time (JIT) inventory strategy can help you trim a substantial amount of your carrying costs, but at the risk of increased stockouts.
Knowing your inventory turnover ratio can also help you strengthen your relationship with your suppliers since you’ll be able to communicate your needs with more precision and fewer inconsistencies.
When you use product bundling, you’re curating a set of complementary items to capture more buyers. For example, a buy-more-save-more strategy can be beneficial if products aren’t moving off the shelf fast enough. You pair complimentary items that are selling the slowest together in hopes of clearing your shelves faster while still turning a profit.
There are also quantity discount bundles to consider if you’re selling bundles of the same product. Think of three-for-two deals in which customers receive more for their money. But product bundling takes data to do successfully.
At the very least, knowing which items move the slowest will help you make better decisions on which bundles you can create to attract higher sales. The inventory turnover ratio formula can increase visibility in those areas.
Is high inventory turnover good or bad?
A high inventory turnover ratio is generally considered to be a good indicator of efficiency and profitability, as it indicates that the company is successfully selling its inventory quickly and efficiently.
What is a good inventory turnover ratio?
The higher your inventory turnover ratio, the better — within reason. Small-business owners should consider their product type and which inventory turnover ratio range is considered normal for their industry.
For example, grocery stores, bakeries and other businesses that sell food and perishable goods typically need to have the highest inventory turnover, because their products will expire and lose their value much faster than, say, a designer shoe store's inventory.
However, for non-perishable goods like shoes, there can be such a thing as an inventory turnover that's too high. While high inventory turnover can mean high sales volumes, it can also mean that you're not keeping enough inventory in stock to meet demand.
If your inventory turnover is low, your stock might be spending too much time sitting on your shelves, not being sold. That translates into money being wasted on inefficiently used storage space, plus the possibility that the longer the inventory sits around, the more likely it’ll get damaged or depreciate in value.
Pengertian Inventory Turnover Ratio
Inventory Turnover Ratio mengukur seberapa efisien perusahaan dalam mengelola persediaan barangnya. Rasio ini dihitung dengan membagi biaya barang yang dijual oleh nilai rata-rata persediaan selama periode tertentu. Dalam formula sederhana, Inventory Turnover Ratio = Biaya Barang yang Dijual / Rata-rata Persediaan.
Baca juga: Just in Case Inventory adalah (JIC): Arti, Cara Kerja, Strategi Optimasi
How to improve inventory turnover
Now that you know how to use your inventory turnover ratio, let’s look at some ways to improve inventory turnover in your store:
Is inventory not moving fast enough, and storing it for longer eating into your profit margins? Increasing customer demand can help you move inventory faster.
Sure, you can invest in paid ads in the short term for long-term returns, but you can also use your social media channels to market new discount prices or flash sales. If that isn’t quite working, consider adjusting your prices across the board.
It might be that your target audience’s perceived value of your product isn’t what you thought. You can launch marketing campaigns to help shape that perception—including influencer marketing or ambassadorship efforts.
Calculate the inventory ratio for each product line. This helps you identify which lines are moving slowly and not providing high returns, so you can improve forecasting.
Consider reducing the quantity you normally order from suppliers. Inventory turns improve when you buy less product more often.
Improved forecasting for lower inventory turnover rates can look like:
Shopify POS has built-in inventory reports to help forecast for each product line. It’s much easier than crunching numbers in an Excel sheet.
Pengambilan Keputusan Strategis
Analisis ITR membantu manajemen dalam pengambilan keputusan strategis terkait manajemen persediaan, produksi, dan pemasaran. Informasi ini dapat digunakan untuk meningkatkan efisiensi dan mengoptimalkan strategi bisnis.
