Explain how having more inventory improves the responsiveness of an organization? How can this ever be bad: Operations Management Assignment, NTU, Singapore

University	Nanyang Technological University (NTU)
Subject	Operations Management

Explain how having more inventory improves the responsiveness of an organization? How can this ever be bad?
What is the difference between Operations and Supply chain management? Give examples to support your response.
From your own experiences, compare the processes of your favorite bricks and mortar department store and a comparable online retailer. What advantages does each have over the other for the company? How about for you, the customer?
Choose a product or service and discuss what characterizes the quality of that product or service? What are the costs associated with assuring and maintaining quality in the production of your chosen product?
Develop a cause and effect diagram to address everything that impacts your grade in this course. How much is under your control?

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