Do You Know Your Inventory Turns?

Knowing how to calculate inventory turns, and what to do with that information, is a key aspect of running a profitable business. Here are various links to resources that can help you learn more about the math behind inventory turns and how to build off that:

Business Know-How: “Inventory Turns”
http://www.businessknowhow.com/manage/inventory.htm

NetPlaces: “Estimating Inventory Requirements”
http://www.netplaces.com/retail-store-guide/planning-for-success/estimating-inventory-requirements.htm

MerchantOS: “Turn, Turn, Turn—What’s Your Inventory Turnover?”
http://merchantos.com/retaileasy/2011/05/turn-turn-turn-whats-your-inventory-turnover/

The Retail Management Advisors: “What is Stock Turn Rate and Just Why is it So Important?”
http://www.the-retail-advisor.com/what_is_stock_turn_rate.html

Andoniadis Retail Services / Profitable Times Newsletter: “Inventory Turns”
http://www.museumstoreconsult.com/articles/articles8.shtml