Imagine you’re running a small business and business is good — like, items flying off the shelves good. You want to keep hot items in stock so you don’t miss out on any sales. How can you do that without a crystal ball telling you how much new inventory to order, and when?
The answer lies in a key metric that measures how often you’re selling through and restocking — or turning over — your inventory. Read on to see how it works, how to use this metric, and why it’s so effective.
What you’ll learn: What is sales turnover? Why calculating sales turnover is important How to calculate sales turnover What is a good turnover rate? Sales turnover example Get a full visual of your business in an instant
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