Management Glossary

  Search Results: days of inventory
days of inventory
The average number of units (or possibly volume or weight in the case of bulk or liquid material) of inventory divided by the average daily usage of that inventory item. If those averages accurately reflect the current reality, the "days of inventory" value indicates how many days there will be before that inventory will be depleted if not replenished before then. Days of inventory can be calculated for any type of inventory -- raw materials, parts, sub-assemblies, finished goods, etc.
Contributed by: Managerwise Staff

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