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How To Calculate Inventory Turn Rate

Posted by Sharon Chin on Dec 27, 2014 10:00:00 AM
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One of the most exciting parts of the eyecare industry is the ever changing frame fashion trends. We are sure that you are excited for the new frame trends for 2015 and your frame buyers should be bringing in new stock for your practice very soon! It’s important to keep up with frame trends so you can tailor your frame selection to what your patients want. That’s one way to make sure that you’re continuously increasing frame sales. Your inventory should always match up with the number of frames you are selling. Today, we show you how to calculate your inventory turn rate. See how well your practice is doing!

How to Calculate 1 Important Practice Metric

 

Monitoring your practice’s inventory turn rate is only one of eight other metrics you should measure to make sure that your practice is in good financial health. Download our eBook for the rest of the benchmarks your peers are looking out for. 

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Topics: Tips for ECPs

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