Piece Metric
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 Draper DIY Series 13704 13 Piece Metric Drill Set $13.11 Time Remaining: 6d 15h 14m Buy It Now for only: $13.11 |
 Draper Expert 79365 10 Piece Titanium Nitride Coated Metric Drill Set $37.86 Time Remaining: 26d 10h 1m Buy It Now for only: $37.86 |
 Silverline 783081 6 Piece Metric Tap Reseating Tool $15.43 Time Remaining: 6d 8h 15m Buy It Now for only: $15.43 |
 Kamasa 55982 Metric Spanner Set 20 Pieces $65.17 Time Remaining: 6d 15h 45m Buy It Now for only: $65.17 |
 Draper 79198 5 Piece Metric Hexagon Die Nut Set $32.29 Time Remaining: 6d 7h 11m Buy It Now for only: $32.29 |
 Draper 79200 10 Piece Metric Hand Tap Set $31.43 Time Remaining: 6d 16h 47m Buy It Now for only: $31.43 |
 Draper Hi Torq 29545 11 Piece Metric Combination Spanner Set $32.26 Time Remaining: 10d 4h 6m Buy It Now for only: $32.26 |
 300 piece E Clip Assortment Tool Kit Set Variety SAE Metric Universal $17.99 Time Remaining: 22d 3h 33m Buy It Now for only: $17.99 |
 Silverline 598447 7 Piece 1 2 Inch Drive Metric Socket Set $18.17 Time Remaining: 6d 8h 21m Buy It Now for only: $18.17 |
 Draper 79205 75 Piece Metric and BSP Combination Tap and Die Set $210.82 Time Remaining: 4d 17h 56m Buy It Now for only: $210.82 |
 Silverline 589709 6 Piece Metric Box Double Ended Spanners Set $12.09 Time Remaining: 26d 8h 10m Buy It Now for only: $12.09 |
 Silverline 244975 8 Piece 1 4 Inch Drive Metric Socket Set $13.83 Time Remaining: 6d 8h 19m Buy It Now for only: $13.83 |
 Faithfull Metric Tap and Die Set Carbon Steel 39 Pieces $64.60 Time Remaining: 26d 11h 27m Buy It Now for only: $64.60 |
 Motorcycle M8 125 Metric Lock Nuts 4 Pieces $0.99 Time Remaining: 20d 11h 44m Buy It Now for only: $0.99 |
 Silverline 571532 8 Piece Metric Box Spanner Set $14.29 Time Remaining: 5d 58m Buy It Now for only: $14.29 |
 Draper 35089 5 Piece Cranked Metric Ring Wrench Set $18.80 Time Remaining: 26d 10h 42m Buy It Now for only: $18.80 |
 Draper DIY Series 19622 11 Piece Metric Combination Spanner Set $23.17 Time Remaining: 6d 15h 24m Buy It Now for only: $23.17 |
 Silverline 719784 10 Piece Expert Quality Metric Hex Key Set $15.37 Time Remaining: 6d 8h 14m Buy It Now for only: $15.37 |
 Draper 41686 1 2 inch Square Drive Hi Torq Metric Impact Socket Set 4 Pieces $19.46 Time Remaining: 10d 5h 16m Buy It Now for only: $19.46 |
 Draper 43695 Expert Metric Hss Twist Drill Set 19 Pieces $40.49 Time Remaining: 26d 8h 41m Buy It Now for only: $40.49 |
 Draper 79201 10 Piece Metric Tap and Die Set $47.75 Time Remaining: 26d 9h 24m Buy It Now for only: $47.75 |
 Draper 29595 10 Piece Metric Ball End Hexagon Key Set $24.14 Time Remaining: 26d 10h 42m Buy It Now for only: $24.14 |
 Draper Expert 79366 21 Piece Metric HSS Titanium Nitride Twist Drill Set $93.97 Time Remaining: 5d 2h 8m Buy It Now for only: $93.97 |
 Draper Expert 12197 7 Piece Metric Hexagon Bit Set and Holder $19.40 Time Remaining: 5d 3h 18m Buy It Now for only: $19.40 |
 Draper 02372 20 Piece 1 4 Inch Square Drive Silverdrive Metric Socket Set $47.00 Time Remaining: 26d 10h 38m Buy It Now for only: $47.00 |
 Silverline HK07 7 Piece 25 10 mm Metric Hex Key $7.94 Time Remaining: 26d 6h 47m Buy It Now for only: $7.94 |
 Britool E069253B 2 10mm Short Arm Metric Hex Key Set 10 Pieces $15.29 Time Remaining: 5d 3h Buy It Now for only: $15.29 |
 Faithfull HKSF8m Folding Hex Key Set Metric 8 Pieces $20.57 Time Remaining: 10d 3h 39m Buy It Now for only: $20.57 |
 Wera 073597 Hex Key Set Ballpoint Metric 9 Pieces $56.46 Time Remaining: 21d 1h 12m Buy It Now for only: $56.46 |
 Draper 66438 7 piece metric long hexagon key set $17.43 Time Remaining: 5d 3h 7m Buy It Now for only: $17.43 |
 Draper 31134 14 Piece Combined Metric AF Hexagon Key Set $16.94 Time Remaining: 5d 3h 14m Buy It Now for only: $16.94 |
 Draper Expert 78673 16 Piece 13 mm Metric Vortex Gear Ratchet Socket Set $58.09 Time Remaining: 6d 9h 47m Buy It Now for only: $58.09 |
 Britool E032900B 1 2 inch Metric Socket Drive Set 22 Pieces $131.45 Time Remaining: 14d 2h 8m Buy It Now for only: $131.45 |
 Silverline 675084 9 Piece 3 8 Inch Drive Metric Socket Set $16.83 Time Remaining: 6d 8h 18m Buy It Now for only: $16.83 |
 Faithfull HKSF8MB Folding Hexagon Key Set Ball End Metric 8 Pieces $27.57 Time Remaining: 6d 5h 29m Buy It Now for only: $27.57 |
 Draper Expert 71244 71 Piece Metric AF Vortex and 1 4 Inch and 3 8 Inch Square D $155.63 Time Remaining: 26d 10h 33m Buy It Now for only: $155.63 |
 Motorcycle M10 15 Metric Lock Nuts 4 Pieces M10 15 $0.99 Time Remaining: 20d 11h 46m Buy It Now for only: $0.99 |
 Avit AV07020 Metric Combination Spanner Set 7 16mm 10 Pieces $29.09 Time Remaining: 26d 11h 23m Buy It Now for only: $29.09 |
 Draper 34151 9 Piece Satin Chrome Metric Combination Spanner Set $50.83 Time Remaining: 26d 11h 9m Buy It Now for only: $50.83 |
 Draper Expert 19070 10 Piece 3 8 Inch Square Drive Hi Torq Metric Socket Set $26.74 Time Remaining: 5d 3h 16m Buy It Now for only: $26.74 |
 Draper Expert 02349 40 Piece 1 4 Inch Square Drive Metric and Imperial Combined $63.57 Time Remaining: 5d 3h 29m Buy It Now for only: $63.57 |
 Draper 02352 Expert 3 8 inch Square Drive Metric Socket Set 33 Pieces $108.00 Time Remaining: 4d 16h 43m Buy It Now for only: $108.00 |
 Stanley 469261 Folding Hex Key Set Metric 7 Pieces $17.63 Time Remaining: 6d 5h Buy It Now for only: $17.63 |
 Blue Spot 8 Piece Flexible Head Metric Ratchet Spanner Set $125.94 Time Remaining: 26d 7h 8m Buy It Now for only: $125.94 |
 Draper Expert Multi Drive 02351 47 Piece 1 4 Inch Square Drive Metric 12 Point S $73.66 Time Remaining: 26d 10h 37m Buy It Now for only: $73.66 |
 Stanley 494648 Fatmax Combination Spanner Set Metric 13 Pieces $116.04 Time Remaining: 26d 13h 24m Buy It Now for only: $116.04 |
 8 Piece Metric Midget Open End Spanner Set $21.74 Time Remaining: 5d 3h 16m Buy It Now for only: $21.74 |
 Draper 19511 12 Piece Metric AF Combination Wrench Set $21.66 Time Remaining: 5d 3h 16m Buy It Now for only: $21.66 |
 Draper 08377 8 Piece Metric Hexagon Key Set $26.11 Time Remaining: 6d 17h 46m Buy It Now for only: $26.11 |
 Draper 40857 7 Piece Metric Hexagon Key Set Colours May Vary $25.09 Time Remaining: 6d 7h 10m Buy It Now for only: $25.09 |
 Draper 12837 7 Piece Metric Hex Bit Set and Holder $29.14 Time Remaining: 5d 3h 18m Buy It Now for only: $29.14 |
 Draper 08380 Metric 9 Piece Ball End Hex Key Set $24.29 Time Remaining: 12d 3h 29m Buy It Now for only: $24.29 |
 Silverline 868518 13 Piece 3 8 Inch Drive Metric Sockets $26.71 Time Remaining: 6d 8h 21m Buy It Now for only: $26.71 |
 FAMEX Tools 590 SD 40 47 Piece High Class Socket Set Metric 1 4 Inch Drive $73.57 Time Remaining: 6d 9h 21m Buy It Now for only: $73.57 |
 Draper Expert 43698 6 Piece Metric SDS Plus Masonry Drill Set $36.57 Time Remaining: 6d 5h 33m Buy It Now for only: $36.57 |
 Draper Expert 02368 28 Piece 1 4 Inch Square Drive Metric and Imperial Combined $39.60 Time Remaining: 7d 2h 1m Buy It Now for only: $39.60 |
 Draper Expert 64605 12 Piece Metric Combination Spanner Set $54.14 Time Remaining: 5d 3h 8m Buy It Now for only: $54.14 |
 Draper 35383 10 Piece Metric T Handle Hexagon Key Set $53.54 Time Remaining: 5d 3h 13m Buy It Now for only: $53.54 |
 Stanley 469262 Folding Hex Key Set Metric 7 Pieces $24.00 Time Remaining: 6d 4h 59m Buy It Now for only: $24.00 |
 Draper 27511 Hi Torq Metric Combination Spanner Set 8 Pieces $27.83 Time Remaining: 6d 11h 38m Buy It Now for only: $27.83 |
 Draper 30751 23 Piece 1 2 Inch Drive Metric Hi Torq Socket Set $81.86 Time Remaining: 4d 17h 17m Buy It Now for only: $81.86 |
 Draper 79197 6 Piece Circular Metric Die and Holder Set $40.03 Time Remaining: 6d 7h 13m Buy It Now for only: $40.03 |
 Stanley 494646 Fatmax Combination Spanner Set Metric 6 Pieces $35.86 Time Remaining: 7d 2h 41m Buy It Now for only: $35.86 |
 Blue Spot 8 Piece Soft Grip Metric Spanner Set $36.11 Time Remaining: 6d 7h 59m Buy It Now for only: $36.11 |
 FAMEX 13485 31 31 Piece Spanner Set Metric $87.98 Time Remaining: 4d 16h 50m Buy It Now for only: $87.98 |
 Stanley 089904 Hex Grip Key Set Metric 9 Pieces $43.54 Time Remaining: 6d 5h 2m Buy It Now for only: $43.54 |
 Faithfull HKS12MLB Hex Key Set Metric Long Arm Ball Ended 12 Pieces $34.83 Time Remaining: 4d 4h 30m Buy It Now for only: $34.83 |
 Britool E113947B 15 10mm Long Arm Metric Hex Key Set 9 Pieces $35.43 Time Remaining: 6d 6h 7m Buy It Now for only: $35.43 |
 Draper 71592 Metric Combination Spanner Set In Insert Tray 12 Pieces $57.80 Time Remaining: 4d 17h 13m Buy It Now for only: $57.80 |
 Draper Expert 02350 75 Piece 1 4 Inch Square Drive Metric Imperial Combined Sock $115.67 Time Remaining: 4d 16h 43m Buy It Now for only: $115.67 |
 Draper 02370 25 Piece 1 2 Inch Square Drive Metric and Imperial Combined Socket $96.05 Time Remaining: 4d 16h 43m Buy It Now for only: $96.05 |
 Draper Expert 69666 33 Piece 3 8 Inch Square Drive Metric Chrome Vanadium Socket $131.00 Time Remaining: 4d 17h 15m Buy It Now for only: $131.00 |
 CK 4343M Combination Spanner Metric Set 12 Pieces $110.40 Time Remaining: 6d 12h 27m Buy It Now for only: $110.40 |
 Faithfull SOC3822M Socket Set 3 8 inch Sq Drive Metric 22 Pieces $101.68 Time Remaining: 4d 3h 42m Buy It Now for only: $101.68 |
 Silverline 196513 7 Piece 1 2 Inch Drive Deep Metric Socket Set $40.11 Time Remaining: 6d 8h 9m Buy It Now for only: $40.11 |
 Draper Expert 18966 75 Piece Metric AF Chrome Vanadium Socket Set $136.55 Time Remaining: 4d 17h 17m Buy It Now for only: $136.55 |
 Draper 56398 7 piece metric stubby combination wrench set $34.29 Time Remaining: 5d 3h 10m Buy It Now for only: $34.29 |
 Draper 43696 Expert Metric Hss Twist Drill Set 25 Pieces $79.03 Time Remaining: 21d 1h 16m Buy It Now for only: $79.03 |
 Draper 79202 6 Piece Metric Tap and Holder Set $29.71 Time Remaining: 6d 7h 10m Buy It Now for only: $29.71 |
 Draper 43697 Expert Metric Hss Twist Drill Set 29 Pieces $56.43 Time Remaining: 6d 5h 33m Buy It Now for only: $56.43 |
 Faithfull Metric Tap and Die Set in Carbon Steel 21 Pieces $43.71 Time Remaining: 5d 4h 14m Buy It Now for only: $43.71 |
 Draper Expert 40174 38 Piece 13 mm and 30 mm Metric Vortex Gear Ratchet Socket S $265.94 Time Remaining: 4d 6h 47m Buy It Now for only: $265.94 |
 Draper DIY Series 09212 15 Piece 1 2 Inch Drive Metric Socket Set $62.15 Time Remaining: 12d 3h 23m Buy It Now for only: $62.15 |
 Silverline 868524 20 Piece 3 8 Inch Drive Metric Socket Wrench Set $68.46 Time Remaining: 6d 8h 19m Buy It Now for only: $68.46 |
 Draper Expert 02367 18 Piece 3 8 Inch Square Drive Metric Socket Set $68.83 Time Remaining: 4d 16h 43m Buy It Now for only: $68.83 |
 Draper Expert 43675 26 Piece 1 4 Inch Square Drive Metric Socket Set $72.74 Time Remaining: 4d 6h 22m Buy It Now for only: $72.74 |
 Faithfull SOC1433M Socket Set 1 4 inch Sq Drive Metric 33 Pieces $90.97 Time Remaining: 4d 3h 43m Buy It Now for only: $90.97 |
 Britool E030700B 1 4 inch Metric Socket Drive Set 19 Pieces $103.89 Time Remaining: 6d 6h 8m Buy It Now for only: $103.89 |
 Wera 003533 Zyklop SA2 Socket Set 1 4 inch Drive 42 Pieces Metric $349.89 Time Remaining: 4d 3h 45m Buy It Now for only: $349.89 |
 Wera 003532 Zyklop SA1 Socket Set 1 4 inch Drive 18 Pieces Metric $281.14 Time Remaining: 4d 3h 46m Buy It Now for only: $281.14 |
 300 piece E Clip Assortment Tool Kit Set Variety SAE Metric Universal $17.99 Time Remaining: 17d 6h 41m Buy It Now for only: $17.99 |
 Mountain 51 PIECE 3 8 DR 6 PNT SAE METRIC SOCKET SET $87.00 Time Remaining: 4d 10h 18m Buy It Now for only: $87.00 |
Piece Metric
Retail Metrics: Key Performance Indicators (KPI's) – Days of Supply
Previously, I've talked about Retail Metrics and the importance of Key Performance Indicators (KPI's) in running your business. What does that really mean anyway? Some of you new to the retail business might not have a clue as to what constitutes a "Key Performance Indicator". Some of us old timers who've been around the block a few times, might not know what they are either or may just need to brush up on retailer lingo. Either way, I want to really delve into what things you can look at to help navigate your aircraft, so to speak, like an airplane pilot would.
Flying a plane is a good parallel to managing a store. How does a pilot know what to do when? What tells him when it's time to raise the plane to a higher altitude? What gauges tell him to lower her down a bit? How do they know when it's okay to add on more cargo? What tells the pilot to toss some cargo overboard? When do they know to just keep flying along and not change a thing?
A retailer makes decisions all the time to best navigate the constant change of consumer buying habits. Doing this actually consists of five critical decisions on any given item in stock in order to keep costs down and profits high. These are:
- Mark the item up?
- Mark it down?
- Buy more of it?
- Buy less?
- Don't change anything about it?
Well, the answer to these million dollar questions lies in the treasure trove of information provided by your store's KPI's. Just like a pilot, a retailer must know his KPI's and how to address them, as well or better than a pilot needs to know how to read and interpret the gauges that indicate what should be done next. As a retailer, your KPI's will tell you what to do next; it's just a matter of being able to read what those indicators are trying to tell you and put that information into practical use in the store.
Let's take a look at what I consider to be the five most important retail KPI's that you can get from your point of sale (POS) software program. We're talking about Days of Supply, Turn, Stock to Sales Ratio, Sell Through Percentage and Gross Margin Return on Investment. The last one is the most important indicator. We all want to know how much money a particular item will bring back in revenue. But, the Gross Margin Return on Investment is also the most tricky one to manage and know how to use in managing inventory.
In this article we are going to start with Days of Supply… What does that really mean anyway? We hear this term thrown around all the time, but not all of us really know what this actually is or what it means. Simply put, Days of Supply means how long it will take you to sell out of your present stock, assuming that sales continue at the same rate as recent sales have been. This is weighed against a time frame, like 30, 60 or 90 days. Days of Supply is a great statistic to use for predicting the future. It's kind of like having a real crystal ball right on your desk. The information contained in this report/statistic lays it all out in a clean and concise way of telling you how much longer it will take to sell a particular piece of merchandise based on what's been happening sales-wise in your store. It's like a sign post that points you in the exact direction you need to go in.
For example, you have 1000 t-shirts and over the last 30 days you've sold 250 of them. Based on how many have been sold over the last 30 days, it will take another 90 days to sell the remaining 750 t-shirts. So, for these 1000 pieces of inventory, the Days of Supply equals 120 days.
In essence, Days of Supply analyzes the last period of sales and based upon that rate, gives you the amount of days left to sell off the remaining merchandise. But how far back do you go? Let's take non-seasonal merchandise which sells at a relatively steady rate; for this you could use a longer basis period, such as 30 or 60 days. Then for seasonal merchandise, the rate of sale changes rapidly, and you would want to use a shorter period, a week or even a day in some cases. Interestingly enough, different parts of the country have different length seasons. For instance, New York has really short bathing suit season, about two months and that's it.
Putting this information into practical use, you would then want to make sure Days of Supply on a certain item matches up with the lead time to restock it. You don't ever want to run into the problem of having Days of Supply be less than the time it will take to get the items in. In that case, you would miss out on sales because the sell-out and restock time frames did not overlap. Instead, you ran out of an item before the shipment came in to restock it. This can have bad effects on overall sales in the store, too, if the item you are out of stock on is a hot seller at a critical time of year or you lose customer loyalty because you're out of stock on something. Your goal here is to reduce your Days of Supply to match the lead times without losing sales, plain and simple.
And your point of sale system is where you should be able to get this information and statistical data to manage your inventory. Make sure your POS is giving you this information so you actually can better manage Days of Supply. If your POS isn't giving you that information, you should think about investing in a system that will give you the information you need to better manage your inventory because in retail, profit is all about inventory and the expert management of it.
In my next article I'm going to cover inventory and lots of little tidbits about it, what you can do with it when it's not selling and how to increase profits by better managing your inventory.
About the Author
Scott Kreisberg is a pioneer in being the first in selling point of sale software systems to retailers in the 80's when they were still using cash registers, and first-handedly changed the face of retailing. His journey to shift retailer misconceptions about using a computer in their retail business and point of sale, was a long one and today Scott's company, One Step Retail Solutions, has transcended the retail service industry becoming the leading retail technology service provider in the U.S. Scott has watched the economy hit 3 major slumps and a vast majority of his clients survived those economic downturns. Now, he's taking his clients through the next economic disaster. Scott is also host of Internet TV series, "Smart Retail" on the Internet channel http://smartretail.tv.
The metric system about mass.?
Other countrys do not use weight like the united states. They use the metric system mass. Is mass how much space can it take up? For an example a quarter have the same mass of a piece of meteorite but it weighs about a ton. Do they use a different form of weight or just the metric system? Weight changes in space, but mass don't. Some people might confuse this with volume also because of how long is in a hollow brick plus sometimes density.
Actually, everybody uses weight and mass. In everyday use, people say "weight" but they really mean mass. For example, a car doesn't weigh a ton, it has a mass of a ton. For the metric system, mass is measured in grams, while it is measured in pounds in the imperial system.
As far as the field of physics is concerned, weight is the downward force an object is exerting due to gravity. In the metric system, the unit would be Newtons but in the imperial system it is called foot-pounds (I think, I'm not entirely familiar with the imperial system)
Roisin of Apollonia with her beloved Sword.....in Ten Piece Metric Costume.....