Home > Term: inventory turnover
inventory turnover
The rate at which products must be restocked because of customer sales; or the rate at which the investment in inventory is converted to sales. In inventory, the term is sometimes used to mean the dollars in sales generated by each dollar invested in inventory (dollar sales divided by dollar inventories).
- Part of Speech: noun
- Industry/Domain: Retail
- Category: Supermarkets
- Company: FMI
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- nicole.m
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