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Inventory Turnover Ratio: Calculation + How to Improve (2023)


What is inventory turnover and how can you calculate it? Learn everything you need to know about inventory turnover ratios in this article.

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What is Inventory Turnover in Retail? (Formulas, Benchmarks, Examples)


One of the key inventory metrics retailers track is inventory turnover. Inventory turnover measures how many times a company sells and replaces its inventory during a period. It indicates how efficiently inventory is managed and whether excess inventory is tying up too much capital.


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Fashion Goes Tech: Digitalization in retail (1)

Fashion Retail

In other words, no footfall, no conversion, no inventory turnover, frozen cash flows, no business. In a business like fashion, it also means that you are increasing inventories and reducing the probabilities of selling it … More Fashion Goes Tech: Digitalization in retail (1). Empty streets, no traffic, stores closed.

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Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

Tools can enable retailers to connect and correlate all inventory data with external events. They can then proactively deal with inbound disruptions, measure inventory turnover velocity and cut back on overstocking. Data processing problems Having data that you can’t interpret effectively is no better than having no data.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Inventory Management Efficiently managing inventory is essential for meeting customer demands while minimizing carrying costs. Outsourcing inventory management to experts can optimize stock levels, monitor product trends, and ensure timely replenishments.

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Miniso’s “good quality with low price” mantra takes off in Southeast Asia

Inside Retail

In terms of store operations, all Miniso stores in mainland China are equipped with their proprietary intelligent store management system, which provides sales and inventory data in real time, as well as suggestions based on big data analysis. An eclectic design team.

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The four essential functions of a retail POS system

I Vend

This level of flexibility reduces lost sales, maximises inventory turnover and increases customer satisfaction along with revenue and profit. Ambitious retailers the world over want to grow.