
Inventory Turnover for Project-Based Woodworking
Inventory turnover compares a period's consumption or cost of goods sold with average inventory under a defined accounting method.
Archive ·Days of inventory estimates how long stock would last under a chosen demand rate.

Days of inventory estimates how long stock would last under a chosen demand rate. It is useful for repeat-use hardware when demand is reasonably interpretable. Custom project requirements and reservations can make a simple average misleading.
An illustrative available balance of 100 hinge pairs at ten pairs per working day represents ten working days of coverage. If an already-released job needs 80 pairs tomorrow, the average does not capture the immediate requirement unless that demand is included.
Use coverage together with supplier lead time, incoming orders, and shortage risk. It should support replenishment review rather than automatically authorize a purchase.
When a component shortage or material change affects a job, start with the recorded stock and the work it supports. Millbase inventory keeps quantities, material costs, receipts, stock lots, and usage history together. Use project tracking to review the associated labour and material costs, then reconcile the physical material before making a new commitment.
Ask the Millbase AI agent a question grounded in your workspace records. For example: “What inventory records do we have for this material, and what usage is recorded against this project?” You can select a project or worker, ask follow-up questions, and request supported reports and CSV exports.
Use the answer to locate the relevant records and investigate the exception. A physical count, approved specification, or supplier confirmation still establishes facts that have not been recorded.
For the broader workflow and decisions behind this guide, read Inventory Turnover for Project-Based Woodworking.
With zero demand, the usual division is not meaningful. Flag the item for a different review instead of reporting an arbitrary number.
Match the stock definition to the demand definition. Avoid counting a commitment in demand while also treating its reserved material as freely available.
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