What is inventory days? A basic indicator to enhance the accuracy of inventory management.
Understanding the difference from inventory turnover rate, achieving optimal inventory and reducing inventory costs.
Inventory days is an indicator that represents how many days of sales the current inventory corresponds to. It is more intuitive to understand than inventory turnover rate and helps in grasping the status of inventory stagnation and appropriate levels. Calculations can be made on a monthly or weekly basis, and by having benchmarks that align with the characteristics of the products and seasonal fluctuations, the risks of excess inventory or stockouts can be mitigated. Let's utilize inventory days to visualize inventory and optimize costs. 【What you can learn from this explanatory article】 - The difference between inventory days and inventory turnover rate - The basic calculation method for inventory days - Criteria for determining optimal inventory levels - Ways to reduce inventory costs >> You can view the continuation in the article linked below【▶ Click here for the full article】! <<
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