Home >  Term: turnover
turnover

The number of times the total value of products stored in the distribution center at any one time is sold and replaced each year. Computed by dividing the annual cost of goods sold by average inventory on hand at cost.

0 0

Creator

  • nicole.m
  •  (Gold) 1659 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.