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Application of operations management systems: inventory management

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    FAISAL A.
    YE
    FAISAL A.

    Inventory management gives a clear view for the mangment responsible reasons of outcome direct or indirect costed the company to measure their finance statues and usually its realted to supply chain

    Jane N.
    NG
    Jane N.

    Inventory management system is very important to any production unit because there can be an excessive loss of revenue if not managed appropriately

    Gabriel O.
    ML
    Gabriel O.

    Inventory management is an essential part of the organisation, that gives a clear picture of what expenses the management have incurred in the area of procurement and production it gives the management a view of what the organisation have in stock and what they do not have . I may say that ,inventory management is a mirror through which organisations sees their financial activities .

    Wendy C.
    AU
    Wendy C.

    Finished goods inventory and raw goods inventory allow for planning to be based factually to ascertain performance levels and plan for future production.

    Jonathan Bashir Pam Z.
    GB
    Jonathan Bashir Pam Z.

    How does inventory sitting idle on the factory's floor or in the ware house cost the organisation money in terms of insurance, deterioration, space and stocktaking cost?

    Lawrence T.
    GH
    Lawrence T.

    Depending on the inventory, a manager will be able to assess a more accurate manpower and other required expenditures / costing and ascertain any shortage or wastage. optimization.

    Harrison A.
    AT
    Harrison A.

    Inventory management is an essential part of every business organisation, that gives a clear picture of what expenses the management have incured in the area of procurement and it gives the mgt a clue of what the organisation have in stock and what they do not have . I may say that ,inventory mgt is a mirro through which organisations sees their financial activities .

    Harrison A.
    AT
    Harrison A.

    what are the disparities btw direct and indirect costing ?

    Zachary B.
    US
    Zachary B.

    What is applying operations management?

    Caroline Monica M.
    MW
    Caroline Monica M.

    An organisation can not do without inventory finished or raw material. what is needed is to know the kind of inventory, if its the type that looses value with time them their must be a control, if its finished product then do not manufacture without an order, and there must be a system, as soon as production is done and approved delivery must take place..

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