How To Determine The Purchase Volume

Table of contents:

How To Determine The Purchase Volume
How To Determine The Purchase Volume

Video: How To Determine The Purchase Volume

Video: How To Determine The Purchase Volume
Video: Calculating EOQ - Economic Order Quantity (Inventory Costs & Purchasing Costs) 2024, November
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It is very important for a business to plan correctly the volume of purchases of goods. So, any discrepancy between the quantity of goods and the required demand can significantly reduce the profit of the enterprise.

How to determine the purchase volume
How to determine the purchase volume

It is necessary

  • - financial documentation of the company;
  • - reports on sales of previous months.

Instructions

Step 1

To find out the quantity of the required product, check the company's cash flow. To do this, evaluate all documents of the company that clearly show its financial position and life support.

Step 2

Based on the indicators of the first purchase, analyze the sales and stock of the company's goods in the warehouse. Analyzing the first period of the enterprise's operation, evaluate the demand of consumers, your range of products and prices, planned and actual sales.

Step 3

Analyze the sales work. Empty shelves in a store, as well as an excess of goods in stock, is an unacceptable luxury. Evaluate sales in different regions and draw a conclusion based on this.

Step 4

Adapt to each individual situation differently. Each industry has its own specifics of sales, so before purchasing, study well the work of each segment. Remember that a product can lose its relevance (for example, new developments in household appliances), go out of fashion (clothing) or deteriorate (food).

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