A measure of supply chain efficiency which is calculated by dividing the total cost of goods sold over a period by the average aggregate inventory value over that period is called _________?
A) Stock holding
B) Stock taking
C) Stock adjustment
D) Stock turn

Question

Quizplus · Accepted Answer

Stock turn, also known as inventory turnover, is a measure of supply chain efficiency calculated by dividing the total cost of goods sold over a period by the average aggregate inventory value over that period. This metric helps businesses understand how quickly they are selling their inventory.

A Measure of Supply Chain Efficiency Which Is Calculated by Dividing