What are storage costs?
In almost every company, Storage costs through a warehouse on for example feedstocks, operating and auxiliary materials. Or even for finished or semi-finished products, Merchandise or spares. Of course, this is particularly necessary in trafficking or in the production, where warehouse a smooth production ensure. They will also Storage costs or storage costs.
expensesThat arise are, for example, fixed costs Like the rent, but also personnel costs, material costs and the cost of the goods. This is because this represents fixed capital, for which insurance or repairs must also be paid. Storage costs must also be price calculation be scheduled. Through the Capital commitment Are also created interest costs. Fixed costs also include Depreciation for storerooms and their equipment.
When depreciated for wear and tear, the inventory can be depreciated over 14 years. This applies to the room and the equipment, as the materials wear out and lose value over time, which is then taxed less or can be sold.
What types of camps are there?
In camps with Backup features For example, are larger quantities of material stored in order to provide enough in the event of supply bottlenecks fallback to have. Veredlungslager On the other hand, they have the function of storing products in order to ripen to leave. Because cheese and wine are not immediately available after production, for example.
Camps in which also deposit container are stored for reuse, have a so-called environmental protection function. For other raw materials, where price increases be announced, can it be worthwhile to have a stockpile invest and buy a large quantity at a reasonable price. This is Speculative camp.
What are the key figures?
You can various Calculate key figures for your inventory Like the Inventory cost rate And the Inventory intensity as well as the average inventory value. If the inventory cost rate is above 15 percent, the Storage costs too high, although warehouse-intensive industries may differ from this.
The inventory cost rate relates inventory to costs. It is calculated by dividing the costs by the value and then multiplying by 100. You can also the Calculate storage costs per itemby multiplying its value by the percentage value.
Another important key figure is Inventory intensity, which is the amount of Capital commitment indicates. To do this, you need the recorded inventory and total assets from the annual financial statements. Inventory divided by total assets multiplied by 100 results in inventory intensity and should not be higher than 20 percent.
On the code of average inventory value You come by adding up the beginning of the year inventory and the end inventory and then dividing by two.
How do I reduce storage costs?
Give the calculation of key figures Information about warehouse efficiency. Alternatively, an AI-powered application can Create forecasts using experienceso that you know what inventory should ideally look like. ERP software also helps with continuous inventory recording.
You should identify the goods that have been in storage for a long time. You can sell these at discounts and maybe from assortment take. You can also use the Adjust order quantities and optimize as well as the logistics whenever possible efficiently design.
