Calculate and interpret the inventory turnover rate for a specific period to assess inventory efficiency.
Task: Calculate the inventory turnover rate and provide a brief interpretation of the result. Context: - Inventory cost of goods sold (COGS) for the period: [cost_of_goods_sold_value] - Average inventory value for the period: [average_inventory_value] Format: Provide the turnover rate as a number and a short explanation of what it indicates.
Provide basic steps to streamline inventory management for medical supplies in a small clinic.
Develop a tailored strategy to optimize inventory levels, specifically designed to mitigate various supply chain risks and enhance resilience.
Generate a comprehensive strategy for optimizing inventory levels using AI, focusing on reducing costs, preventing stockouts, and improving overall supply chain efficiency.
