Inventory Turns

• Increasing inventory turns reduces holding cost. The organization spends less money on rent, utilities, insurance, and other costs of maintaining a stock of good to be sold.

• Reducing holding host increases net income and profitability as long as the revenue from selling the item remains constant.

• Items that turn over more quickly increase responsiveness to changes in customer requirements while allowing the replacement of obsolete items.

See also

• Cost accounting

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