Time to Receive Calculator

✖Time for Stock Validation refers to the period allocated for verifying the accuracy and completeness of inventory records.ⓘ Time for Stock Validation [TSV]			+10% -10%
✖Time to Add Stock to Records refers to the duration it takes for a company to update its inventory records after receiving new stock or inventory items.ⓘ Time to Add Stock to Records [TASR]			+10% -10%
✖Time to Prep Stock for Storage refers to the duration it takes for a company to update its inventory records after receiving new stock or inventory items.ⓘ Time to Prep Stock for Storage [TPSS]			+10% -10%

✖Time to Receive is a measuring tool to detect the efficiency of the stock-receiving process in an organization.ⓘ Time to Receive [TTR]

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Formula

✖

Time to Receive

Formula

`"TTR" = "TSV"+"TASR"+"TPSS"`

Example

`"15"="6"+"5"+"4"`

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Time to Receive Solution

STEP 0: Pre-Calculation Summary

Formula Used

Time to Receive = Time for Stock Validation+Time to Add Stock to Records+Time to Prep Stock for Storage
TTR = TSV+TASR+TPSS
This formula uses 4 Variables

Variables Used

Time to Receive - Time to Receive is a measuring tool to detect the efficiency of the stock-receiving process in an organization.
Time for Stock Validation - Time for Stock Validation refers to the period allocated for verifying the accuracy and completeness of inventory records.
Time to Add Stock to Records - Time to Add Stock to Records refers to the duration it takes for a company to update its inventory records after receiving new stock or inventory items.
Time to Prep Stock for Storage - Time to Prep Stock for Storage refers to the duration it takes for a company to update its inventory records after receiving new stock or inventory items.

STEP 1: Convert Input(s) to Base Unit

Time for Stock Validation: 6 --> No Conversion Required
Time to Add Stock to Records: 5 --> No Conversion Required
Time to Prep Stock for Storage: 4 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

TTR = TSV+TASR+TPSS --> 6+5+4

Evaluating ... ...

TTR = 15

STEP 3: Convert Result to Output's Unit

15 --> No Conversion Required

FINAL ANSWER

15 <-- Time to Receive

(Calculation completed in 00.020 seconds)

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Credits

Created by Aashna

IGNOU (IGNOU), India

Aashna has created this Calculator and 50+ more calculators!

Verified by Surjojoti Som

Rashtreeya Vidyalaya College of Engineering (RVCE), Bangalore

Surjojoti Som has verified this Calculator and 0 more calculators!

< 25 Cost Accounting Calculators

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Go Material Cost Variance = (Standard Quality for Actual Output*Standard Price)-(Actual Quantity*Actual Price)

Labour Cost Variance

Go Labour Cost Variance = (Standard Hours for Actual Output*Standard Rate)-(Actual Hours*Actual Rate)

Revised Standard Quantity

Go Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity

Learning Curve

Go Learning Curve = (Time Taken to Produce Initial Quantity*Cumulative Number of Batches)^(-Learning Coefficient)

Labour Efficiency Variance

Go Labour Efficiency Variance = Standard Rate*(Standard Time-Actual Time)*Variance

Time to Receive

Go Time to Receive = Time for Stock Validation+Time to Add Stock to Records+Time to Prep Stock for Storage

Labour Rate Variance

Go Labour Rate Variance = Actual Time*(Standard Rate-Actual Rate)*Variance

Cycle Time

Go Cycle Time = Process Time+Inspection Time+Move Time+Queue Time

Revised Standard Hours of Labours

Go Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour)

Material Yield Variance

Go Material Yield Variance = (Actual Unit Usage-Standard Unit Usage)*Standard Cost per Unit

Overall Equipment Effectiveness

Go Overall Equipment Effectiveness = Good Count*Ideal Cycle Time/Planned Production Time

Avoided Cost

Go Avoided Costs = Assumed Repair Cost+Production Losses-Preventative Maintenance Cost

Material Usage Variance

Go Material Usage Variance = Standard Price*(Actual Quantity Units-Standard Quantity)

Labour Mix Variance

Go Labour Mix Variance = Standard Rate*(Reversed Standard Rate-Actual Time)

Material Price Variance

Go Material Price Variance = Actual Quantity*(Standard Price-Actual Price)

Material Quantity

Go Material Quantity = Standard Price*(Standard Quantity-Actual Quantity)

Customer Acquisition Cost

Go Customer Acquisition Cost = Cost of Sales and Marketing/Number of New Customers Acquired

Total Addressable Market

Go Total Addressable Market = Annual Contract Value per Client*Number of Potential Clients

First Pass Yield

Go First Pass Yield = Number of Good Products Finished/Number of Production Orders Started

Average Days Delinquent

Go Average Days Delinquent = Days Sales Outstanding-Best Possible Days Sales Outstanding

Backorder Rate

Go Backorder Rate = (Number of Undeliverable Orders/Total Number of Orders)

Monthly Recurring Revenue

Go Monthly Recurring Revenue = Number of Customers*Average Billed Amount

Sell -Through Rate

Go Sell Through Rate = Number of Units Sold/Number of Units Received

Takt Time

Go Takt Time = Production Available Time/Customer Demand

On-Time Delivery

Go On-Time Delivery = On Time Units/Total Units

Time to Receive Formula

Time to Receive = Time for Stock Validation+Time to Add Stock to Records+Time to Prep Stock for Storage
TTR = TSV+TASR+TPSS

What is Time to Receive ?

Time to Receive refers to the duration it takes for a business or organization to receive goods or materials that have been ordered from suppliers. This process is a crucial step in the supply chain and production cycle, impacting inventory management, cost accounting, and overall operational efficiency. The process begins when a purchase order or procurement request is initiated by the purchasing department or relevant personnel. This document specifies the details of the goods or materials to be acquired, including quantities, specifications, pricing, delivery terms, and supplier information. By effectively managing the "Time to Receive" and optimizing the receiving process, companies can reduce costs, improve inventory accuracy, enhance supply chain visibility, and better meet customer demand. Timely receipt of goods is critical for maintaining production schedules, fulfilling customer orders, and sustaining competitive advantage in today's fast-paced business environment.

How to Calculate Time to Receive?

Time to Receive calculator uses Time to Receive = Time for Stock Validation+Time to Add Stock to Records+Time to Prep Stock for Storage to calculate the Time to Receive, Time to Receive refers to the duration required for a company to receive goods or materials that have been ordered or acquired. Time to Receive is denoted by TTR symbol.

How to calculate Time to Receive using this online calculator? To use this online calculator for Time to Receive, enter Time for Stock Validation (TSV), Time to Add Stock to Records (TASR) & Time to Prep Stock for Storage (TPSS) and hit the calculate button. Here is how the Time to Receive calculation can be explained with given input values -> 15 = 6+5+4.

FAQ

What is Time to Receive?

Time to Receive refers to the duration required for a company to receive goods or materials that have been ordered or acquired and is represented as TTR = TSV+TASR+TPSS or Time to Receive = Time for Stock Validation+Time to Add Stock to Records+Time to Prep Stock for Storage. Time for Stock Validation refers to the period allocated for verifying the accuracy and completeness of inventory records, Time to Add Stock to Records refers to the duration it takes for a company to update its inventory records after receiving new stock or inventory items & Time to Prep Stock for Storage refers to the duration it takes for a company to update its inventory records after receiving new stock or inventory items.

How to calculate Time to Receive?

Time to Receive refers to the duration required for a company to receive goods or materials that have been ordered or acquired is calculated using Time to Receive = Time for Stock Validation+Time to Add Stock to Records+Time to Prep Stock for Storage. To calculate Time to Receive, you need Time for Stock Validation (TSV), Time to Add Stock to Records (TASR) & Time to Prep Stock for Storage (TPSS). With our tool, you need to enter the respective value for Time for Stock Validation, Time to Add Stock to Records & Time to Prep Stock for Storage and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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