What is the Inventory Turnover Ratio?

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The inventory turnover ratio is used to measure how effectively a business uses its inventory. This video dives into how the inventory turnover ratio can significantly impact your business's profitability. Learn to calculate and interpret this key metric, as we delve into the implications of a high and low inventory turnover ratio. Explore the common challenges that affect this ratio and understand how it relates to pricing, manufacturing, marketing, and purchasing decisions. Optimize your business operations with insights from the inventory turnover ratio and ensure you stay profitable. Watch now for more!
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