Additional - Product Operation Management (POM) & Inventory

Why do we study Product Operation Management?

(1) To understand how people organised themselve in production enteprise.
(2) May give the opportuntity for the organisation to improve the profitability of the goods and services.
(3) The segment of our society that produce the product we use.
(4) To understand what production and operation manger do.

What is the purpose of Inventory?

(1) To protect against inflation and upward price change
(2) To protect against delivery variation like weather, supplier shortage, improper delivery and quality problem.
(3) To take advantage on the quality discount because purchase in large quantity may reduce the cost of goods or delivery.
(4) To permit to countinue smoothly with the work of 'work-in-progress' inventory.

Love,
❤Jasmine