Analyzing Inventory Turnover

Research the term "inventory turnover" and write a paper discussing the normal inventory turnover for the following industries:

1. Automobile manufacturers
2. Restaurants and hotels
3. Retailers

In your report, discuss the following:

• What is the purpose of holding inventory?
• Which steps do you think companies can take to improve the accuracy of their inventory management program?

Your well-written paper should meet the following requirements:

• Be 2-3 pages in length, not including the cover and reference pages.
• APA guidelines
• Cite a minimum of 3-5 sources to support your responses, two of which are academic, peer-reviewed sources.

Refer to the Critical Thinking Assignment rubric available in the Module 4 folder for more information on assignment.