Estimated Costs Of Consumable Inventory Management

What is the average hourly employee rate for your company?* This field is required.This is the average hourly rate across all staff including sick leave, holiday pay etc.

Per Minute Labour Cost

What would be the average total number of consumables purchase orders you make per month?* This field is required.The number of purchase orders over all consumables suppliers.

How much time would it generally take to work out what consumables need to be ordered, from what supplier, what else needs to be ordered from that supplier etc?* This field is required.Average minutes

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes

How long does it take to place an order? (type out email, make a call, order online, visit the shop)* This field is required.Average minutes

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes

Once the order is delivered, how long does it take to collect the box from the courier and check the packing slip with purchase order?* This field is required.Average minutes

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes

How long does it usually take to pack away the items/put them on the shelf?* This field is required.Average minutes

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes

What would be the approximate time taken to process each invoice for payment?* This field is required.Average minutes

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes

What would be your average inwards goods freight cost?* This field is required.

If an order needs following up (hasn't arrived on time, short shipment, backorders) what would be the average time taken to follow up each order?* This field is required.Average minutes

N/A

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes

How often do you need to follow up on orders?* This field is required.Average per month

1-3

4-6

7-9

10+

If incorrect product arrives, what would be the average time taken to organise the return?* This field is required.Average minutes

N/A

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes

How often do you need to return incorrect product?* This field is required.Average per month

1-3

4-6

7-9

10+

Cost of discrepancies

Total Purchase Order Costs

How much time does it take to tidy the storeroom?* This field is required.Each time

N/A

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes +

How often does the storeroom get tidied each month?* This field is required.Average per month

1-3 times

4-6 times

7-9 times

10+ times

How much time would be lost each time staff are unable to find the product they need?* This field is required.Each time

N/A

2 minutes

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes +

How often are staff delayed due to disorganised/messy stock, and being unable to find what they need?* This field is required.Average per month

1-3 times

4-6 times

7-9 times

10+ times

How long does each stock count take?* This field is required.Each time

N/A

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes +

How often do you do regular stock counts prior to placing an order?* This field is required.Average per month

1-3 times

4-6 times

7-9 times

10+ times

When ordering a product, how often do you need to decide and choose between suppliers?* This field is required.Average per month

1-3 times

4-6 times

7-9 times

10+ times

How long does it take to choose between suppliers?* This field is required.Each time

N/A

5 minutes

10 minutes

15 minutes

20 minutes

30 minutes +

Total Stock Management Costs

If product were to run out, what would be the time impact for things like: staff having to change the job they're working on, change tools, shift materials, interrupt managers and work mates, delays on job completion, advising customers of delays etc?* This field is required.Average minutes

1-10 minutes

11-20 minutes

21-30 minutes

31-40 minutes

41-50 minutes

60+ minutes

On average, how often would you experience stock outs each month?* This field is required.Average per month

1-3

4-6

7-9

10+

How much impact would using an alternative consumable have in time due to things like the job taking longer, problems with H&S etc?* This field is required.Average minutes

1-10 minutes

11-20 minutes

21-30 minutes

31-40 minutes

41-50 minutes

60+ minutes

How often are staff having to use an alternative consumable product during an average month?* This field is required.Average frequency per month

1-3

4-6

7-9

10+

Considering time taken to travel to the shop, talk & chat, stop for smoko on the way, find where an alternative is because the first shop didn't have it, wait in line at the shop, research best alternative if your normal product not immediately available etc, what would be the average time cost in visiting the local shop?* This field is required.Average minutes

1-10 minutes

11-20 minutes

21-30 minutes

31-40 minutes

41-50 minutes

60+ minutes

How many times per month would staff need to travel to the local shop to buy consumables due to stock outs?* This field is required.Average frequency per month

1-3

4-6

7-9

10+

Total Stockouts Cost

Your estimated monthly overhead consumable inventory management costs are...Any personnel as a direct fixed cost overhead (eg. stores-person, purchasing, inwards goods) associated to stock management, would have an additional expense amount to add to this figure.

Name* This field is required.

Email* This field is required.

example@example.com

Phone* This field is required.

Estimated Costs Of Consumable Inventory Management