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Operations Management

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Name three types of production planning strategies and describe each type.

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Solution Summary

This solution names at least three types of production planning strategies and describes each type.

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See Also This Related BrainMass Solution

Operations Management: Operating Expense & Inventory Expense

QUESTION:

Relating to operations management state how "Throughput, Inventory & Operating Expense relate to successful & in some cases unsuccessful business operations practice"

ADDITIONAL INFO:

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).

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