INVENTORY TURNOVER title: inventory turnover (LO-LIS) (SAP Library - Glossary)
INVENTORY TURNOVER category: Logistics Information System (LIS) (LO-LIS)
INVENTORY TURNOVER explained:
The rate or number of times that stock is turned round in a given period.
Inventory turnover is calculated by dividing total consumption by mean stock and is one of the key figures in the Inventory Controlling information system. The higher the rate is the better. A high inventory turnover means that materials are not in storage a long time and storage costs are low.
More terms such as inventory turnover in Dictionary I.
- Manual INVOIC:
- Help EDIFACT message category used for the transfer of grid and energy service billing documents inventory turnover definition.
- Manual International Chamber Of Commerce:
- Help An organization that publishes Incoterm books and establishes rules for negotiating a letter of credit (Publication 500 inventory turnover explain.
- Manual Internal Trading Partner:
- Help A company within a group that has any type of trading relationship with another company within the group inventory turnover what is.
- Manual Influencing Factor:
- Help over time and that influences the growth of the key figure that is to be forecast within the aggregated long-term forecast. The definition level of an influencing factor does not have to be identical inventory turnover meaning.
- Manual Individual Requirements Stock Segment:
- Help which the data relevant to the valuation of individual requirements materials is updated. Individual requirements materials are manufactured in engineer-to-order environments or in sales order inventory turnover abbreviation.
