Companies can reduce their days sales in inventory (aka days to sell inventory, which is calculated from inventory turnover) with better marketing, better procurement practices, better inventory management, and better information.
Reducing the number of days it takes to sell inventory (increasing inventory turnover) will reduce the company’s cash conversion cycle (aka the cash-to-cash cycle) and free up cash.
0:00 Introduction
0:14 Better marketing
2:48 Better procurement
4:36 Better inventory management
9:22 Better information
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