Posted: November 14th, 2014

What is the appropriate role of turnover criteria for managing inventory?

What is the appropriate role of turnover criteria for managing inventory?

answer two questions each question with one page long

1.What is the appropriate role of turnover criteria for managing inventory? Under what circumstances is high turnover detrimental to the firm?
2.With regard to inventory management, discuss the difference between a replenishment philosophy and a requirements philosophy.  Have you ever used either method? How?

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