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A retail chain is implementing Lean principles in inventory management. Requirements: Calculate the Inventory Turnover Ratio for a store with annual sales of $2,000,000 and
- A retail chain is implementing Lean principles in inventory management.
- Requirements:
- Calculate the Inventory Turnover Ratio for a store with annual sales of $2,000,000 and an average inventory value of $500,000.
- Recommend measures to optimize inventory turnover.
- Justify how optimizing inventory turnover aligns with Lean principles in retail operations.
- Calculate the Inventory Turnover Ratio for a store with annual sales of $2,000,000 and an average inventory value of $500,000.
- Recommend measures to optimize inventory turnover.
- Justify how optimizing inventory turnover aligns with Lean principles in retail operations.
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