What does a decrease in inventory days tell us?
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What does a decrease in inventory days tell us?
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- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Provide an example or a scenario describing a particular method of inventory, and explain why the method of inventory fits the scenario provided.What does the inventory turnover ratio mean? Do you want a high number or low number? How does it translate to inventory days?
- Define the term "inventory turn" and discuss why it is an important indicator of an organization’s profitability. Give an example of an item that would have a fast turn and a slow turn.How does the Wilson approach account for perishable or time-sensitive inventory items, and what modifications may be required for such cases?What is the cause of inventory issues and what fundamental principles does it reveal?