| Inventory Management and Costs. |
 |
| Click on the blue button for a summary of information at the site |
|
|
|
|
|
|
|
|
| Websites linked to from this page hopefully will provide useful information on inventory management and costs. |
| Inventory management. |
| Inventory costs. |
| Inventory ratios. |
|
|
|
|
|
|
|
| A Yahoo Pipes Search Product Product-related Videos This Yahoo Pipes search product finds videos available in YouTube, Yahoo Video, and other video data bases that references (as a tag) the product you enter in the search box. Click the List tab for a description and access to more information for the video of interest. Click here to go to this Yahoo Pipes product. Right clicking should lead to being able to open a new window. |
| A Yahoo Pipes Search Product Inventory Management This Yahoo Pipes Search Product is designed to use several strings of search terms related to inventory. Added to each string are the keywords you enter. The strings are used simultaneously in the search and then the results are fed into the pipe and filtered. Hopefully, this Yahoo Pipes Search Product identifies useful information that would have taken several hours to find by manually searching using Yahoo Search. Click here to go this Yahoo Pipes product. Right clicking should lead to being able to open in a new window. |
| A Yahoo Pipes Search Product Search for Accounting Standards This Yahoo Pipes Search Product will search the world wide web for accounting standards on the type of business, e.g. transportation or retail, the operation situation, e.g. consignment sales, and any other terms you enter for which you seek accounting standards. This Yahoo Pipes Search Product is designed to use several strings of search terms related to accounting standards. Added to each string are the keywords you enter. The strings are used simultaneously in the search and then the results are fed into the pipe and filtered. Hopefully, this Yahoo Pipes Search Product identifies useful information that would have taken several hours to find by manually searching using Yahoo Search. Click here to go this Yahoo Pipes product. Right clicking should lead to being able to open in a new window. |
| The bar graph to the left was created using Google’s Chart Tools.
The graph shows the percentage of the inventory balance sheet amount as a percentage of the total assets for 18 business sectors. The percentages are based on survey data compiled by BisStats (a BizMiner company) from US Government and possibly other sources. The average inventory to total assets percentage for all sectors is 5.2 %. Companies can use this benchmark data to determine how they are doing compared to their sector peers. Those sectors with larger amounts of inventory, compared to sales, might consider reducing the inventory on hand as a way to reduce costs. Click here to go to the BizStats data that was used to create the chart. |
| The graph below was created using Google’s chart tool.
The horizontal bar graph shows the inventory balance (at the end of the year) as a percentage of sales for 11 business sectors. The data used to create the graph was taken from Internal Revenue Service statistics on form 1120s filed corporate returns for 2008. This data can be viewed on the IRS report “2008 Statistics of Income – Corporation Income Tax Returns” by clicking here (PDF file). Business receipts were used for sales. Data was used only for corporations reporting a positive net income. The percentages are for all size companies and all subsectors, so represent an approximate benchmark average that companies can use to evaluate their own inventory to sales ratio compared to somewhat similar companies. Subsectors exist for some of the sectors, so a more similar company comparison might be available. |
| The graph to the right was created by using Google’s graph tools.
The line graph shows that US businesses have been steadily decreasing the amount of inventory they have on hand as a percentage of their sales. The graph shows that US businesses are recognizing the impact of the carrying costs of inventory on profits and are applying just in time (only as needed) concepts. The chart shows that companies should be decreasing their inventory to sales ratios in order to be keeping up with peers. The graph’s data was obtained from a Federal Reserve Bank of St. Louis’s website where economics data is provided on construction spending in the United States. Data at this website can be obtained by clicking here. |