There are two main types of business. These are businesses that deal in products and businesses that deal in services. All other types of businesses are a mix of one of these two. Think about it, as a ...

Calculating average inventory is an effective tool for cost control and decision-making purposes. The figures indicate the amount of inventory your company is using daily, which allows you to ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. In accounting, inventory represents a company's raw ...

Inventory management is a critical skill for business managers and a major consideration for investors and economists. To understand the subtlety of this art, we can use a quantitative metric -- ...

Inventory turnover is an indicator of a company’s revenue efficiency. It is the ratio defining how many times the inventory was sold and replaced in a given period of time. The inventory turnover ...

Inventory is typically the largest balance sheet asset in most merchant companies. Accurate inventory is required to not only deliver timely and stellar customer service but also calculate ...

Inventory turnover is a critical ratio that retailers can use to ensure they are managing their store’s inventory and supply chain well. It is one of the crucial KPIs used to measure the overall ...