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Discuss the advantages and disadvantages of timestamping.
Raw Materials Inventory
Consists of the basic materials and components required to manufacture goods.
Production
The process of creating, manufacturing, or enhancing products or services for sale.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency in managing stock levels.
Ratio
A quantitative relationship between two numbers, often used to compare and analyze financial data and performance metrics.
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