A company is aggressively pursuing improvements in the financial performance of its supply chain. The company should first focus its efforts on which of the following metrics?
A company is aggressively pursuing improvements in the financial performance of its supply chain. The company should first focus its efforts on which of the following metrics?
The number of inventory turns is a key metric that measures how quickly a company is able to sell and replace its inventory. By increasing the number of inventory turns, a company can ensure faster inventory turnover, reduce holding costs, and improve cash flow. This directly impacts the financial performance of the supply chain by optimizing asset utilization and reducing excess inventory costs.
The number of inventory turns is a key metric that measures how quickly a company is able to sell and replace its inventory. By increasing the number of inventory turns, a company can ensure faster inventory turnover, reduce holding costs, and improve cash flow.