OPERATION MANAGEMENT

Operation Management

Operation Management

Introduction

The task briefly describes the some motives for retaining inventory in the operational management.

 

Discussion

Transaction Motive

The business may be wanted to retain the inventory in lead to facilitate the soft and uninterrupted demonstration and sale operations. It may not be possible for the business to procure the raw material whenever necessary. (Clark 2002) There may be a time lag between the appeal for the material and its supply. Hence it is was deficient to retain the raw material inventory. Similarly it may not be possible to produce the yield without hold back later they are appealed by the ...