Optimising Inventory For Growth
In the world of ecommerce, there are countless KPIs to monitor, but inventory turnover is one metric that most retailers prioritise. So, what exactly is inventory turnover? How can it be calculated, and what elements—such as the nature of your products or your return process—can influence the rate?In this guide, we’ll explore what inventory turnover entails, how to compute the turnover ratio, provide examples, and explain how to understand the results in relation to your specific business model.