May
30
What is Inventory Turnover and How to Calculate it?
Ever wondered how efficiently a business is moving its stock? That’s where inventory turnover ratio (ITR), or simply inventory turnover, comes into play.
This nifty metric is a clear indicator of how quickly a company sells through its inventory. Think of it as a health check on a business's sales efficiency.
In this article, we'll dive deeper into what makes inventory turnover a critical measure for any business, show you how to calculate it and discuss strategies to optimize your inventory levels.
Check out: How to start an online store without inventory?