THE HOW AND WHY OF INVENTORY TURNOVER
“Looking for another sure way to improve your spa business’s cash flow? When was the last time you looked at your average number of days to turn inventory?
Spa Retailer recently published an article on the SR Panel’s Most Important Numbers where Don Riling, owner of Olympic Hot Tub from Seattle, keys in on inventory turn and and its impact on cash flow. Riling’s store was able to increase available cash to its bottom line by $460,000 in 18 months when they made efforts to reduce his inventory’s average days to sell by 20 days.”
Author: Don Riling
Don Riling is the President of Olympic Hot Tub and has been an active member of the hot tub industry for over 27 years. As the company’s owner since 2016, he has continued Olympic’s legacy of promoting health & wellness through water.