Stock or inventory turnover allows a company to see how many times inventory is sold during a specific time. In other words, it is the rate at which a business’s products are sold and replaced. In theory, a high stock turnover signifies that a company is selling goods quickly (and that demand is high).
- The Two Restaurant Inventory Metrics That Will Help You Squash Food Cost & Maximize Profits
- Inventory and Procurement Management for Multi-Unit Restaurants (Or ‘How to Add up to 10% to Your Bottom Line in a Few Months’)