Purchase Planner Question:

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Is it important to track inventory turns?

Purchase Planner Interview Question
Purchase Planner Interview Question

Answer:

Inventories represent a sizable investment for businesses. The higher the inventory turns, the lower the inventory carrying costs.

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When risk of loss pass to a buyer when goods are purchased FOB the buyer's plant?Suppose if I would like to stop taking annual physical inventories. Is there an alternative to physical inventories?