What is a Good Inventory Turnover Rate for Small Businesses?

In this article we’ll discuss: What inventory turnover rate is and how to calculate it What a “good” inventory turnover is for a small business Solutions to low inventory turnover ratio General inventory management tips Inventory turnover, also referred to as stock rate, is a key performance indicator (KPI) for managing and growing a business. As such, every inventory-carrying small business owner should be intimately familiar with how to …