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What Isinventory Turnover and How Is It Calculated? Why Is

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What isinventory turnover and how is it calculated? Why is it important for a manager to track this ratio?


Definitions:

Production

The process of creating goods and services using labor, machinery, and resources to meet consumer demand.

Compressed Workweek

A work schedule that allows employees to work longer hours on fewer days of the week.

Telecommuter

Home-based employee.

Job Sharing Program

A work arrangement where two or more individuals share the responsibilities and duties of a single full-time job, dividing the hours and benefits among themselves.

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