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At the top of the distance ladder sits _ .
Inventory Turnover
A measure of how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
In-progress Inventory
Items that are currently being manufactured or are in the process of being transformed from raw materials to finished goods.
Finished Goods Inventory
An end item ready to be sold, but still an asset on the company’s books.
Raw Materials
Basic materials that are processed or refined to create a final product in manufacturing.
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