INCREASE INVENTORY TURNOVER RATE
MOST IMPORTANT GOAL EXAMPLE

Increase Inventory Turnover ratio (ITO) from 3 to 4,1

DESCRIPTION

The target indicates how many times during a year the inventory is turned over. A low turnover rate can cause liquidity problems. To improve the inventory turnover rate, a company can either sell more or reduce its inventory.

KEY ACTIVITY EXAMPLES

DESCRIPTION

Adopt JIT principles to reduce excess inventory, ordering materials or components precisely when needed to minimize carrying costs. 

DEFINITION OF DONE

JIT implemented

UNIT

This is a sprint Key Activity  

DESCRIPTION

Continuously monitor inventory levels and adjust them based on demand fluctuations and market trends.

DEFINITION OF DONE

Time spent on review

UNIT

Hours

DESCRIPTION

Implement accurate demand forecasting tools and strategies to better anticipate customer needs and reduce the risk of overstocking

DEFINITION OF DONE

Improvement done, describe what you have achieved.

UNIT

This is a sprint Key Activity  

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