How To Find Inventory Turnover Ratio

Introduction to Inventory Turnover Ratio Understanding your company’s inventory turnover ratio is crucial for warehouse managers, supply chain leaders, and accountants. This ratio indicates how many times your inventory has been sold and replaced during a specific period, typically a year. A higher ratio suggests better inventory management and sales efficiency. Why Is Inventory Turnover … Read more

Financial Metrics Used in Project Management

Important Financial Metrics for Project Managers The main objective of any organization is to continue to improve profit margin. Continuous improvement process (CIP) also known as continuous improvement (CI) involves the process of product and service improvement. To determine whether there are improvements and tracking these improvements requires standard of measures called metrics. Financial metrics … Read more