a) Widgets Inc. has recently automated its billing and payment processing system by connecting with its customers
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b) Some of Widget Inc.'s initiatives (like vendor managed inventory and rapid replenishment programs) in their supply chain operations have increased their inventory turnover ratio from 4.5 to 8. Is a higher inventory turnover ratio desirable? Why or why not?
c) Though the receivables turnover ratio and the inventory turnover ratio are two different measures, there is some similarity in their logic. What is the common thread between these two efficiency measures?
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