The topic of discussion during the monthly senior managers' meeting is how best to manufacture the company's product with existing materials, manpower, and machinery. This discussion is about
A) inventory management.
B) inventory overhead.
C) operations management.
D) production management.

Question

Quizplus · Accepted Answer

The discussion about how to best manufacture a product with existing resources involves evaluating and optimizing the operations and processes of the production process. This falls under the category of operations management. Inventory management (A) would focus more on how to manage the inventory levels of raw materials and finished goods. Inventory overhead (B) refers to the costs associated with holding inventory, such as storage and insurance costs. Production management (D) is focused on planning and controlling the production process to ensure the efficient and effective use of resources. While production management and operations management overlap, the specific focus on existing resources makes operations management a better fit for this scenario.

The Topic of Discussion During the Monthly Senior Managers' Meeting