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how to calculate the AVERAGE CONSUMPTION of the stock of a company? for Ex. we have xxxx stock in our warehouse, & also the prev. year invoices & POs

wen we have these 3 information correct, that which & how much items we've delivered in within prev. year. so then how we'll calculate the AVERAGE CONSUMPTION per year of the items, for which we can further order the stock from our suppliers? kindly guide me for this, I need urgent advise.

Restricted Stock Stock Consumption
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Question added by Abdul Rehman Sheikh , Accountant Accounts Payable Domestic , Isam Economic Co. Ltd
Date Posted: 2013/05/05
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Syed Sami Uddin
by Syed Sami Uddin , Assistant Manager Warehouse , Junaid Jamshed Pvt LTD

A common approach is to utilize the total usage of that item for a specified period, such as1 calendar month.
By dividing that total usage by the actual days in that month, you will arrive at the average usage or consumption per day.

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