Question

________is one area of strategic decision making that "considers inventory ordering and holding decisions and how to optimize them as customer satisfaction, supplier capability, and production schedules are considered"
a.Value-chain management
b.Operations management
c.Inventory management
d.Quality management
e.Shop floor management

Answer 1

Answer:

The correct answer is letter "C": Inventory management.

Explanation:

Inventory management refers to the concepts, tasks and management skills that are involved in managing an inventory. Order and purchase of raw materials, warehouse layout, storage, unit estimation, production scheduling, and just-in-time management are some examples.

Inventory management is important so that suppliers can schedule their operations and consumers can have the goods that satisfy their needs available.