Turnover Ratio, Return Rate, Shrinkage, and Other Inventory KPIs to Manage Your Stock
Altexsoft
OCTOBER 13, 2023
It can also be measured in weeks instead of days (the KPI will be referred to as weeks-on-hand and have 52 instead of 365 in the formula) or be calculated for any period other than a year (change 365 to the period duration in days in the formula). Important to understand. The optimal range varies greatly across industries. How to approach it?
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