Inventory Turnover Is 8.0.Calculate Days in Inventory

question 145

Multiple Choice

Inventory turnover is 8.0.Calculate days in inventory.

• A) 14.5
• B) 2.5
• C) 57.0
• D) 45.6

Evaluate the challenges of local optimization within supply chains.

Understand the principles and advantages of different supplier relationship models, including drop shipments and joint ventures.

Examine methods for effective supply chain management and optimization strategies.

Grasp the role of distribution systems in the supply chain and their impact on efficiency.

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Definitions:

Organisational System

A structured arrangement of processes, resources, and people designed to achieve the objectives of an organization in an efficient manner.

Subsystem

A component of a larger system that performs a specific role or function within the overall operation, contributing to the system's efficiency and effectiveness.

Work Unit

A functional division or team within an organization that focuses on specific tasks or objectives, often denoted by departmental or project-based assignments.

Chain of Command

The chain of command is an organizational structure in which authority and responsibility are clearly outlined from the top management to the lowest ranks.