Maximize Inventory Turnover Rate

TBT: What to Do with Your Excess Inventory

Do you have excess inventory and you don't know what to do with it? Take a look at this previous blog post that we published back in 2015 for some valuable tips about how to get rid of your excess inventory: 5 Ways to Get Rid of Excess Inventory Once and For All The post

By Jim Cahill|2024-04-18T12:40:00-04:00April 18th, 2024|Inventory Management, Inventory Management Software, Inventory Turnover Rate, M.O.M., M.O.M. Version 12|Comments Off

How to Maximize Your Inventory Turnover Rate

What is an inventory turnover rate? Simply put, it’s the number of times inventory is sold or used in a period of time. Also known as the cost of goods sold or net sales divided by the average inventory. Although a high inventory turnover rate signals strong sales, it can also indicate an ineffective inventory purchasing plan. And, since

By Jim Cahill|2019-11-05T14:50:37-05:00December 18th, 2015|Inventory Turnover Rate|0 Comments