Redneck MBA: Inventory Turns

In the past I spoke to you about inventory turns. Like I mentioned then, it is important that you sell through your merchandise fairly often. How often you need to turn through your inventory to be profitable is pretty much industry specific. There is no one set rule of thumb for this. In a small store, like a convenience store you really want to sell through your inventory at least once per month. Some businesses can get by with... Read more...