Why Is it Important to Control Inventory Turnover?

Answer Controlling inventory turnover is one of the fastest ways to get more money out of a business without having to increase sales. It's also a key way to grow a business faster. High inventory turnove... Read More »

Top Q&A For: Why Is it Important to Control Inventory Turnover

Why is inventory control important?

Inventory control is the process of managing and monitoring the goods and materials held by an organization for future use or future sale. Inventory control tasks include projecting inventory usage... Read More »

How to Increase Inventory Turnover?

Inventory turnover represents how many times a company sells through its entire inventory stock during a year. Companies often desire to increase their inventory turnover as this improves sales and... Read More »

How to Calculate Inventory Turnover?

Calculating inventory turnover is something that businesses do in order to assess competitiveness, project profits and generally figure out how well they are doing in their industry. If you are inv... Read More »

How to Calculate Inventory Turnover Rate?

Inventory turnover shows how fast a company's inventory converts to sales. Companies want higher inventory turnover because it produces more revenue and keeps down the cost of maintaining inventory... Read More »