Jigar Dhaneja, Author at Know Industrial Engineering

Economic Order Quantity inventory management

Economical Order Qty is a basically concept related to Procurement of goods or Inventory management in warehouse or store, economically. We will discuss what is this, how to calculate EOQ also you will be able to download an Excel template to calculate EOQ easily. Lets learn about inventory management. You can download the below excel […]

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Calculation of Inventory Turnover Ratio

In this article we will learn about calculation of Inventory Turnover Ratio. Also, you will be able to download a master excel template for easily calculating Inventory Turnover Ratio (ITR). Now a day to run a business successfully revenue generation & customer order cycle time reduction is a very important parameters of any business. In