Explore Universe Services

Explore Universe Services is the largest third-party logistics (3PL) company in India. We provide integrated logistics solutions that include distribution.

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#exploreuniverseservices #costofgoodssold #COGS #InventoryTurnoverRatio #inventoryvaluation #SupplyChainPlanning #pickingandpacking #demandforecasting #supplychaincollaboration #DigitalSupplyChain #inventory #receivinggoods #3pl #thirdpartylogistics #LogisticsServices

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𝐂𝐎𝐒𝐓 𝐎𝐅 𝐆𝐎𝐎𝐃𝐒 𝐒𝐎𝐋𝐃 (𝐂𝐎𝐆𝐒)

Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labour directly used to create the good. It includes indirect expenses,

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overhead and sales & marketing.

𝟑. COGS is deducted from revenues (sales) in order to calculate gross profit and gross margin. Higher COSG results in lower margins.

𝟒. The value of COGS will change depending on the accounting standards used in the calculation.

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#inventoryvaluation #SupplyChainPlanning #pickingandpacking #demandforecasting #logisticstools #supplychaincollaboration #DigitalSupplyChain #supplychainsustainability #inventory #receivinggoods #3pl #thirdpartylogistics #LogisticsServices

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𝐈𝐍𝐕𝐄𝐍𝐓𝐎𝐑𝐘 𝐓𝐔𝐑𝐍𝐎𝐕𝐄𝐑 𝐑𝐀𝐓𝐈𝐎

Inventory turnover is a financial ratio showing how many times a company has sold and replaced inventory during a given period. A company can then divide the days in the period by the inventory turnover formula to

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calculate the days it takes to sell the inventory on hand.

Calculating inventory turnover can help businesses make better decisions on pricing, manufacturing, marketing, and purchasing new inventory.

#exploreuniverseservices #InventoryTurnoverRatio

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#vendormanagement #SupplyChainPlanning #pickingandpacking #demandforecasting #logisticstools #supplychaincollaboration #DigitalSupplyChain #supplychainsustainability #inventory #receivinggoods #3pl #thirdpartylogistics #LogisticsServices

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𝐈����𝐕𝐄𝐍𝐓𝐎𝐑𝐘 𝐕𝐀𝐋𝐔𝐀𝐓𝐈𝐎𝐍

Inventory valuation is an accounting practice that is followed by companies to find out the value of unsold inventory stock when companies follow preparing their financial statements. Inventory stock is an asset for an organization,

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shoes at the end of the year, then you need to calculate their financial value and record it in your balance sheet. Let’s look at how and why you’ll calculate the value.

#exploreuniverseservices #inventoryvaluation #inventoryreport #inventoryplanning

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#demandforecasting #logisticstools #supplychaincollaboration #DigitalSupplyChain #supplychainsustainability #inventory #receivinggoods #3pl #thirdpartylogistics #LogisticsServices

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𝐈𝐍𝐕𝐄𝐍𝐓𝐎𝐑𝐘 𝐑𝐄𝐏𝐎𝐑𝐓

An inventory report is a summary of the amount of inventory a business has on hand at a given time.
The inventory report is a physical or electronic document with numbers representing the product you're able to sell now, the inventory you are

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inventory or running out of inventory when customers buy your products online.

#exploreuniverseservices #inventoryreport #inventoryplanning #vendormanagement #SupplyChainPlanning #pickingandpacking

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#pickingandpacking #demandforecasting #logisticstools #supplychaincollaboration #DigitalSupplyChain #supplychainsustainability #inventory #receivinggoods #3pl #thirdpartylogistics #LogisticsServices

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𝐖𝐡𝐚𝐭 𝐢𝐬 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠?

Inventory planning refers to the process that any organization adopts to determine the optimal quantity as well as timing, with the sole aim of aligning such plans with the organization’s capacity to produce and make sales.

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���. Supply chain efficiency

𝟹. Control of costs

𝟺. Accurate sales and demand forecasting

#exploreuniverseservices #inventoryplanning #vendormanagement #SupplyChainPlanning