Definition: Stores Inventory Turns
July 19, 2012
Identifies how quickly specific types of inventory are flowing through the inventory system. Normally this is divided into at least two categories:
1. Operating supplies that are supposed to turn frequently.
2. Spare parts which usually have a lower turnover.
Tip excerpted from: The Professional’s Guide to Maintenance and Reliability Terminology by Ramesh Gulati, Jerry Kahn and Robert Baldwin
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