1. Describe the nature of operations management in the following organizations. In doing this, first identify the purpose and products of the organization; then use the four decision types of process, quality, capacity and inventory to identify important operations decisions and responsibilities.
i. A college library
ii. A hotel
iii. A small manufacturing
2. A manufacturing company purchase 9000 parts of a machine for its annual requirements ordering for month usage at a time, each part costs
N20. The ordering cost per order is N15 and carrying charges are 15% of the average inventory per year. You have been assigned to suggest a more economical purchase policy for the company. What advice you offer and how much would it save the company per year?