Days' Sales in Inventory (DSI) is a crucial efficiency metric that indicates the number of days a company's current inventory will last, based on its average daily cost of sales. It's used to measure how efficiently a company manages its inventory.
Stock control, also known as inventory control, refers to the processes and systems used to oversee the ordering, storage, and use of components that a company uses in the production of the items it sells, as well as the finished products themselves.
Stock turnover, also known as inventory turnover, is a financial ratio that measures how many times a company's inventory is sold and replaced over a specific period.
Turnover, also known as sales revenue, represents the total income generated by an organization from selling goods and services, excluding discounts and taxes, within a specified period.
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