Final answer:
The shelf life for any inventory item kept under 3 months equates to 90 days, by multiplying 3 by a standard 30-day month commonly used for business calculations.
Step-by-step explanation:
The main answer to the question on how many days are equivalent to a shelf life of under 3 months is simply a matter of converting months into days. In general, when we talk about months in a non-leap year, we consider an average month to have about 30.44 days. However, for the purpose of inventory management and keeping calculations simple, a standard 30-day month is often used. Therefore, if the shelf life should be kept under 3 months, we would calculate this as 3 months times 30 days per month.Explanation in more than 100 words While different months have a different number of days (28-31), businesses typically use a standard month for inventory purposes to make planning and operations management easier. Multiplying the number of months (3) by the number of days in a standard month (30) gives us 90 days. This simplification also ensures a conservative approach to shelf life management, to avoid the risk of storing perishable items for too long.In conclusion, to ensure that inventory items have a shelf life under 3 months, they should not be kept in stock for more than 90 days. This calculation is crucial for businesses to manage inventory effectively and prevent issues such as stockout's or excess perishable inventory.