What is the appropriate role of inventory turnover as a measure for evaluating the management of inventory?

Question:

What is the appropriate role of inventory turnover as a measure for evaluating the management of inventory? Under what circumstances is high turnover detrimental to a firm?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operations Management in the Supply Chain Decisions and Cases

ISBN: 978-0073525242

6th edition

Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein

See More Books

Question Posted: Sep 20, 2015 09:48 AM

See More Questions

Suppose you are managing a chain of retail department stores. As a top manager, how would you measure the overall inventory management performance of each store? How would you use this information in...
Compare and contrast the management of finished goods inventory in a manufacturing firm with that in a retail or wholesale firm.
For the data in problem 11: In problem 11 Average annual sales = 600 tires Ordering cost = $40 per order Carrying cost = 25 percent per year Item cost = $50 per tire Lead time = 4 days Standard...
An increase in investment increases consumption in the short run, has no effect on consumption in the long run, and has an ambiguous effect on consumption in the Solow model of the very long run,...
Listed below are items that may appear on a classified balance sheet. 1. Land 2. Amounts due from customers 3. Office building 4. Truck 5. Goods held for resale 6. Amounts owed to suppliers 7. Patent...
Into which organizational phase will this team enter: a phase of pioneering, expansion, consolidation, or change? What are the main, basic skills required?
8-7. Cul encuesta proporciona la mayor flexibilidad para hacer preguntas de sondeo: el correo, el telfono o la entrevista personal?
Blue Corporation, a manufacturing company, decided to develop a new line of merchandise. The project began in 2014. Blue had the following expenses in connection with the project. The new product...
Case Study Read the case study given below and answer ALL the questions given at the end of the case. Big Data Trends In Healthcare Since people are becoming more and more conscious about their...
Milea Inc. experienced the following events in Year 1, its first year of operations: 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000. 3. Paid the...
A student was overheard saying, "The EOQ model assumptions are so restrictive that the model would be hard to use in practice." Is it necessary to have a different model for each variation in...
Consider the following types of items carried in a retail store: lightbulbs, compact discs, and refrigerated drugs. Discuss the probable cost structure for each of these items, including item cost,...
Use Lexis Tax Center to answer the following questions. (Hint: use More Sources.) a. What is the update schedule for the IRS Advance Releases? b. Which law reviews are offered as separate databases?...
As the human resource manager, how would you evaluate the training needs of your staff? How can you ensure that the training you would provide is effective? What data might be used to make your...
MARYLAND CORPORATION manufactures three liquid products - Alpha, Beta and Gamma using a joint process with direct materials, direct labor and overhead totaling $560,000 per batch. In addition, the...
Three common organizational structures. Mention one organization for each organizational structure which is following a specific organizational structure. Also, provide support to your answer by...
You are a retail manager at Kitchen Nightmare, a relatively new store at the mall that sells mostly items for kitchens, like forks, oven mitts, etc.. You have been open since the fall of 2021 and...
Examine the extent to which the Department of Veteran Affairs has established any processes or procedures to ensure knowledge retention of departing employees. Why is it important to manage the...
In 2001, the City of New York and the Dormitory Authority of the State of New York (DASNY) entered into an agreement to build a forensic biology laboratory in Manhattan. Per the agreement, DASNY...
Tell whether the angles or sides are corresponding angles, corresponding sides, or neither. AC and JK
Briefly describe the two most straightforward techniques for dividing a mixed cost into its fixed and variable components.
Describe the levels of production and capacity planning in the hierarchical planning process.
Explain the process of collaborative planning. How is available- to-promise involved?
Explain the process of collaborative planning. How is available- to-promise involved?
An 8%, 30-year semi-annual corporate bond was recently being priced to yield 10%. The Macaulay duration for this bond is 10.2 years. What is the bonds modified duration? How much will the price of...
Question 7 of 7 0/14 W PIERDERY Current Attempt in Progress Your answer is incorrect Buffalo Corporation adopted the dollar value LIFO retail inventory method on January 1, 2019. At that time the...
Cost of debt with fees . Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 9.9% with semiannual payments, and will use an investment...

What is the appropriate role of inventory turnover as a measure for evaluating the management of inventory?

Question:

Step by Step Answer:

Contrary to traditional arguments inventory should not increase directly wit...View the full answer

Operations Management in the Supply Chain Decisions and Cases

Related Video

Students also viewed these Management Leadership questions