Moving inventory out of your warehouse and into your customers' hands is a major objective of running a profitable business. The faster your inventory sells, the quicker you recoup your purchase costs ...
The inventory turnover rate (ITR) is a key metric that measures how efficiently a company sells and replenishes its inventory over a specific period, typically a year. This ratio helps businesses ...
A healthy inventory turnover ratio (ITR) shows you manage your inventory effectively. When products sell quickly, you free up cash to reinvest in your business growth. Smart inventory management also ...