a business's net income; the decisive point

the money it takes to keep inventory in stock

in the operations function - resources utilized

all the stock that a business has on hand

tracking the amount, the kind, and the value of inventory that a business has on hand

refers to managing the flow of goods and services from production to consumption

the day-to-day activities for continued business functioning

in the operations function - goods or services

the buying of goods and services for a business

ensuring the degree of excellence of a good or service

the production activity that determines the sequence of the steps in the production process

the production activity that establishes the timetable to be followed in production

In the production process, determining when materials will arrive at a certain destination and how long they will stay there