Inventory Management

At Tankoil, we delve into the realm of inventory management to optimize stock levels and streamline the ordering process. Our approach involves tracking inventory from purchase to the sale of goods, ensuring a seamless flow that identifies trends and prevents shortages.

Inventory, being a reported asset on the balance sheet, ties up cash before it transforms into revenue upon sale. Excessive stock not only incurs costs but also hampers cash flow. Tankoil recognizes the importance of striking the right balance to maximize revenue and maintain healthy cash flow

A key metric in our inventory management strategy is inventory turnover. This accounting measurement gauges how frequently stock is sold within a specific period. Tankoil aims to align stock levels with sales, preventing the accumulation of dead stock or unsold inventory. Trust Tankoil for effective inventory management that optimizes cash flow and enhances overall business efficiency.

In the world of inventory, Tankoil acknowledges a diverse array of different inventory types, encompassing raw materials, work-in-progress (WIP), finished goods, safety stock, packing materials, service inventory, transit, excess, and maintenance, repair, and operations (MRO).

It’s worth noting that not everyone categorizes MRO as a distinct type of inventory.

At Tankoil, we navigate through this comprehensive inventory landscape, recognizing the nuances that each type brings to the table. Explore the dimensions of inventory with Tankoil, where precision and versatility meet.