How can I improve my inventory turnover rate?
An example of an AI chatbot conversation about improving inventory turnover rates.
How can I improve my inventory turnover rate?
Improving inventory turnover involves optimizing stock levels and sales strategies. What specific challenges are you facing?
I have too much unsold stock, and it's affecting my cash flow.
Consider implementing just-in-time inventory practices or offering discounts on slow-moving items to boost sales.
What metrics should I track to monitor my inventory turnover?
Key metrics include the inventory turnover ratio, days sales of inventory, and gross margin return on investment.
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