Name three types of production planning strategies and describe each type.© BrainMass Inc. brainmass.com October 24, 2018, 7:34 pm ad1c9bdddf
This solution names at least three types of production planning strategies and describes each type.
Operations Management: Operating Expense & Inventory Expense
Relating to operations management state how "Throughput, Inventory & Operating Expense relate to successful & in some cases unsuccessful business operations practice"
Throughput means the rate at which an organization generates money through sales, if something has been produced but has not been sold then it is NOT throughput.
Inventory means money invested in purchasing things that are intended to be sold.
Operating expense means money spent in order to turn inventory into throughput (Inc. Labour, management, computers etc).View Full Posting Details