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Biology, 21.01.2020 03:31 BallerAlert1644
Amanufacturing company has entered into a new contract with a major supplier of raw materials used in the manufacturing process. under the new arrangement, called vendor managed inventory, the supplier manages their raw material inventory inside the manufacturer's plant, and only bills the manufacturer when the manufacturer consumes the raw material. how is this likely to affect the manufacturer’s inventory turnover ratio?
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