Asked by pamela saenz on Jun 26, 2024
Verified
When sales rise,inventory as a percentage of sales may also increase,even with a computerized inventory control.
Inventory Control
The process of managing inventory levels, orders, sales, and deliveries to ensure the right quantity of stock is available at the right time.
Sales Rise
An increase in the amount of products or services sold by a business within a specific period.
- Understand the foundational principles and presumptions of the Economic Order Quantity (EOQ) model for managing inventory.
Verified Answer
AW
andrew WoodallJul 01, 2024
Final Answer :
False
Explanation :
When sales rise, inventory as a percentage of sales typically decreases or remains stable, especially with a computerized inventory control system that optimizes inventory levels based on sales data.
Learning Objectives
- Understand the foundational principles and presumptions of the Economic Order Quantity (EOQ) model for managing inventory.
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