which of the following might be attributed to efficient inventory management? a. High inventory turnover ratio | b. Low incidence of production schedule disruptions | c. High total assets turnover | d. Statements a and c are correct. | e. All of the statements above are correct

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05-12-2022
Business

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which of the following might be attributed to efficient inventory management? a. High inventory turnover ratio | b. Low incidence of production schedule disruptions | c. High total assets turnover | d. Statements a and c are correct. | e. All of the statements above are correct

Sagot :

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Qwcold Qwcold · Answer 1 · 2022-12-07T08:29:53-05:00

The points which can be attributed to efficient inventory management are the high inventory turnover ratio, low incidence of production schedule disruptions, and high total assets turnover. So the correct option is e. all of the above statements above are correct.

Inventory management is the tracking of inventory from manufacturers to warehouses and from these facilities to point of sale. Inventory is the goods or materials a business intends to sell to customers for profit. The goal of inventory management is to have the right products in the right place at the right time.

The basic steps of inventory management include purchasing inventory, storing inventory, and profiting from inventory. This also requires inventory visibility - knowing when to order, how much to order and where to store stock.

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which of the following might be attributed to efficient inventory management? a. High inventory turnover ratio | b. Low incidence of production schedule disruptions | c. High total assets turnover | d. Statements a and c are correct. | e. All of the statements above are correct

Sagot :

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