In response to the development of a much-needed vaccine, several of PlastiPharm’s customers have tripled and even quadrupled their orders for medical device bags. The increased orders have created a high turnover in PlastiPharm’s inventory. Which of the following statements best explains why the high turnover could be financially beneficial for the company?
AC 1.1 – What is Operations Management? List and discuss the functions of Operations Management.
-Definition of OM
-Functions: Inputs ( Material, Information, and Customers) /Output process – The Transformation Process Model