Dollar volume is the surrogate for potential savings that can be made by improving the inventory management of specific materials.

Name: Dollar volume is the surrogate for potential savings that can be made by improving the inventory management of specific materials.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Dollar volume represents the amount of money tied up in inventory, and improving inventory management can lead to lower inventory levels and therefore potential savings in the form of reduced carrying costs and obsolescence.

Dollar Volume Is the Surrogate for Potential Savings That Can