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Calculate inventory turnover rate. First, calculate your inventory turnover rate. To do this, divide Costs of Goods Sold (COGS) by the average cost of your inventory on hand. If you finished year-end inventory last month, you should have your COGS on hand.This article explains how to calculate COGS.For example: Consider an Amazon third party merchant whose Costs of Goods Sold was $50,000 the first year and kept $5,000 worth of inventory on hand on average.f you finished year-end inventory last month, you should have your COGS on hand. This article explains how to calculate COGS. For example: Consider an Amazon third party merchant whose Costs of Goods Sold was $50,000 the first year and kept $5,000 worth of inventory on hand on average.
5. Discover through your inventory control what your annual cost of ordering and stocking every item you carry is in order to set the order quantity and to determine each item's reorder points (the minimum level of each item you reach before more stock is ordered). Keep a tick sheet on a clip board where your inventory is stocked, then refer to this sheet when reordering. 2  Stub control allows you to retain a piece of the price ticket when the item is sold for use later (such as the close of business each day) to record that the item was sold.