Organizations ranging from universities, medical facilities, judicial institutions, military organizations, and fortune 500 companies or mom and pop shops can be found in various sectors of our society. No matter the size or the purpose of the organization it enables people to produce products and services that would be beyond the capabilities of a single individual. Demand management is critical in an organization because successful management of capital, information, material, and people make it possible for an organization to meet its goals. Demand management concepts are applied in both manufacturing and the provision of services. The benefit of applying the concepts are reduced costs, increased value to customers, and improved quality, all of which provides a competitive edge for organizations to meet their operational strategy.
For the discussion board this week, look at the objectives of the course and then discuss how accomplishing the objectives may support your success in management? What risks or challenges might a manager encounter if they do not master the objectives?