Explain-standards of living and balance of trade


Assignment:

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The warehouse manager asked you to create an example inventory list for his staff. The inventory list is a comprehensive chart that lists all of the company's internal resources: equipment, machines, technology, furniture, office supplies, etc.

Considering the company, its services, and its products, draft an inventory list of all internal resources.

Use the below format:

MS Excel spreadsheet

Include an inventory chart with relevant categories.

Categorize the inventory based on departments, units, and teams.

Include time lines for restocking resources and placing orders based on anticipated demands and usage.

Objectives: Introduce students to the concepts of managing operations as they apply to the production of goods and services. Understand the importance of Production/Operations as it relates to standards of living and balance of trade.

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Operation Management: Explain-standards of living and balance of trade
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