answersLogoWhite

0

The more rapid the turnover of inventory, the greater the need for purchase and replacement. Rapidly turning inventory makes for somewhat greater ease in foreseeing future requirements and reduces the cost of carrying inventory.

User Avatar

Wiki User

18y ago

What else can I help you with?

Related Questions

Explain inventory Management policies?

what is definition of inventory? what is the difference between inventory and asset?


Explain the contributions of purchasing function to profitability and efficiency of an enterprise?

explain the functions of the purchasing department


What is industrial MRO?

how to explain MRO in purchasing


Explain just in time?

Just-in-time is an inventory system that is considered lean. With just-in-time inventory, a business doesn't have inventory on hand for customers.


If Explain what the FIFO principle is and why it is so important?

It is inventory. First in first out.


Explain how return on assets decline given an increase in net profit margin?

If you look at what Return on Assets is comprised of, Net Profit Margin and the Total Asset Turnover, if the firm is having a very slow turnover, the ROA will be declining if the turnover is greater in magnitude to the NPM.


What theory that explain sales and inventory system?

hindi ko rin alam


Production material management text books free download?

discuss the various inventory models used in industries. do you think JIT inventory is successful in india?Explain.


How did the scientists explain the relationship between the colors observed and the structure of the atom?

Q 3. How did the scientists explain the relationship between the colors observed and the structure of the atom?​


Explain briefly the two directions of inventory test counts?

The two directions of inventory test counts are forward and backward. Forward test counts involve counting from the beginning of the inventory list, while backward test counts involve counting from the end of the inventory list. These two directions help ensure the accuracy of inventory counts and detect any discrepancies.


Explain the relationship between staff and line authority?

what is the relationship between staff and line authority?


What relationship is between over-training and rice?

explain the relationship between overtraining and rice