Certain Advantages Are Inherent in Rapid Inventory Turnover

question 47

Essay

Certain advantages are inherent in rapid inventory turnover.List at least four of these advantages.

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Definitions:

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Productivity

The measure of efficiency in producing goods and services, often evaluated in terms of output per unit of input.

Timeliness

The quality of being done within an expected or appropriate time frame.

Unbundling

Coding the individual parts of a specific diagnosis or procedure rather than one combination or bundle that includes all of those components.