Operations Management - Inventory Essay Example | Topics and Well Written Essays - 500 words

Operations Management - Inventory - try ExampleHere, when t he inventory of raw materials is over, it does not prompt a requirement. The entire fulfill is towards coming up with the end product or the complete product.It is important to distinguish between twain the philosophies, since goods are classified as end products and raw inventory. Each of these is governed by a particular motley of demand, which in turn, is governed by the above philosophies. Therefore, inventory management requires the differentiating between the two philosophies.In drug-addicted demand inventories are the ones that include the finished goods or the spare parts of these goods. The demand is independent of the operations and is solely dependent on the market conditions. On the other hand, dependent demand inventories are unfinished raw materials that go into the making of goods. These are governed by the demand for the end product as well, apart from the market conditions. Therefore, it is dependent, n ot only on the market scenario, but also the operations and the demand for the end product.For instance, if a roleplay wagon is the subject, then the wagons would fall under independent demand, while the wh