Time on Hand (TOH) might not seem like an important unit of measure; however, it defines a crucial unit of measure for your inventory.
Perhaps you never thought to ask, “How many days of inventory do we have?”
It is a vital inventory metric you should know for each product on hand since it will drive the priority of your product replenishment process.
TOH is a calculation to determine how many days remain before a product is out of stock based on your current stocking levels and sales velocity.
There is an additional metric we use for replenishment called Time on Hand All (TOHA).
Time on Hand All (TOHA) is like TOH but uses the current stocking levels, quantities on order from your suppliers, and in-transit quantities to your warehouses for each product.
Reports are crucial for any business, especially yours.
Marketplace Reporting provides you with better reports so you can have better results for your business wherever you happened to be.
Checkout our YouTube video Inventory Time on Hand Metric for Product Replenishment for an in-depth look at how automating your business workflows and processes can help your business grow.
Are you ready to automate your workflows to gain maximum productivity? Take a look at one of our recent projects to learn more about how we can help with your business automation, 3rd party integrations, and reporting, contact us.
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