An estimation of the worth or quantity of a certain commodity or group of goods over two or more specified time periods is known as average inventory.
By averaging the beginning and ending inventory values across a certain time period, average inventory is the mean value of inventory within that time period, which may differ from the median value of the same data set.
When examining overall sales volume, average inventory statistics can be used as a benchmark, enabling a company to monitor inventory losses.
A business can track inventory from the most recent purchase by using moving average inventory.
Because it enables them to more effectively manage their costs, sales, and business connections, inventory management is a major success factor for businesses.
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