Which term describes the rapid turnover of inventory?

The term that describes the rapid turnover of inventory is flow inventory. This concept refers to the dynamic movement of goods through the supply chain, highlighting how quickly products are sold and replaced. Efficient flow inventory management ensures that products are consistently available to meet customer demand without overstocking, leading to minimized holding costs and increased responsiveness to market changes.

In contrast, stockpiling involves accumulating large quantities of inventory, which does not emphasize rapid turnover. Static inventory refers to goods that remain in stock without significant movement over time, indicating a lack of turnover. Bulk inventory implies purchasing goods in large quantities, which may not necessarily relate to how quickly those goods move in and out of inventory. Thus, flow inventory distinctly focuses on the efficiency and speed of inventory turnover.