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Science

Supply Chain Glossary

Stock Turnover (or Stock Turn)

    Stock Turnover (or Stock Turn)


    Stock Turnover (or Stock Turn):Stock turnover, also known as stock turn, is a measure of how quickly inventory is sold or used. A high stock turnover indicates that inventory is moving quickly through the company, while a low stock turn indicates that inventory is sitting on shelves for long periods of time.

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    "Dulux is a leading marketer and manufacturer of some of Australia’s most recognised paint brands. The Dulux Retail sales team manage a diverse portfolio of products and the execution of our sales and marketing activity within both large, medium and small format home improvement retail stores. We consistently challenge ourselves to innovate and grow and to create greater value for our customers and the end consumer. Given the rise and application of Artificial Intelligence in recent times, we have partnered with Complexica to help us identify the right insight at the right time to improve our focus, decision making, execution, and value creation."

    Jay Bedford
    National Retail Sales Manager
    Dulux

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