Meaning average inventory on hand
What does average inventory on hand mean? Here you find 2 meanings of the word average inventory on hand. You can also add a definition of average inventory on hand yourself
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average inventory on hand The average dollar amount tied up in inventory for a specific period of time. It is calculated by dividing the annual cost of goods at retail by the number of annual retail turns. It can be calculated for the entire store, a department, a category or item level. Backorder
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average inventory on hand A calculation of the worth, expressed in dollars, of the inventory in a store that is determined by dividing the costs of goods sold by the number of retail/wholesale turns.average item retail (AIR): [..]
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