Tag: operations

Managing Inventories-Operations Management

Managing Inventories-Operations Management

Management decisions and costs

Decision making is as a result of mental processes in the management field leading to choosing one course of action among several alternatives. Every management decision making is aimed at producing a final alternative which can either be an action or an opinion of an alternative (Jacques, 2003) Management decisions should not be done by the manager quite often but instead he should delegate as many management decisions as possible. For better management decisions a company should hire external management decision makers (wall street journal, 2009).

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