(Solution) - Determining the Effects of Inventory Management Changes on Inven -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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Determining the Effects of Inventory Management Changes on Inventory Turnover Ratio
Indicate the most likely effect of the following changes in inventory management on the inventory turnover ratio (use + for increase, ? for decrease, and NE for no effect).
___ a. Have parts inventory delivered daily by suppliers instead of weekly.
___ b. Extend payments for inventory purchases from 15 days to 30 days.
___ c. Shorten production process from 10 days to 8 days.