inventory analysis
Definition
Technique for determining the optimum level of inventory for a firm, it commonly employs one of the two formulas: (1) Inventory turnover = Cost of goods sold ÷ average inventory. (2) Number of day's sale in inventory = inventory at the end of an accounting period ÷ average daily cost of goods sold.
inventory analysis is in the Accounting & Auditing and Inventory Control & Storage subjects.
inventory analysis appears in the definitions of the following terms: inventory and inventory management
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