The purpose of this report is to investigate the inventory turnover ratio for Best Buy in comparison to their Fortune 500 competitors, evaluate actions they have made to increase their inventory turnover ratio in the past and present a financial answer in regards to the current undesirable ratio.
The significant findings presented in this report are Best Buy’s non-competitive inventory turnover ratio of 5.9 in an industry where competitors have an inventory turnover of approximately 8. This low inventory turnover ratio is the result of a saturated market with a widely dispersed target market.
As a result of these finding, actions should be taken to instigate a pre-order process for select products such as TV’s and laptops, which will result
The significant findings presented in this report are Best Buy’s non-competitive inventory turnover ratio of 5.9 in an industry where competitors have an inventory turnover of approximately 8. This low inventory turnover ratio is the result of a saturated market with a widely dispersed target market.
As a result of these finding, actions should be taken to instigate a pre-order process for select products such as TV’s and laptops, which will result