Polyton Fabrics uses a variety of raw materials such as cotton, polyester, and clothing dye while manufacturing clothes. In the context of operations management, the raw materials used by Polyton Fabrics are its _____.
Inventory in operations management can be defined as the act or process of managing the material resources such as raw materials, components, as well as finished products of an organization capable of generating revenue for the company in the future. The raw materials used by Polyton Fabrics in the example can be said to be its inventory because they are always in store for use in the manufacturing of clothes.
