Inventory carrying cost calculator is a business tool that determines the total costs associated with keeping inventory. By calculating these costs, businesses are able to determine how much profit they are making from their inventory and can make informed decisions about its maintenance and pricing. An inventory carrying cost calculator measures the cost of storage, deterioration, obsolescence, financing, and insurance related to storing inventory on-site or in warehouses. It’s an invaluable tool for businesses looking to maximize their profits and streamline their operations.