Question 1 Consider an organization whose operation has been impacted by the COVID-19 pandemic. The organization can be the organization you work for or one that you are familiar with. The organization must hold stock for its operation. 1. Explain the role of stock in th

Question 1

Consider an organization whose operation has been impacted by the COVID-19 pandemic. The organization can be the organization you work for or one that you are familiar with. The organization must hold stock for its operation.

1. Explain the role of stock in this particular organization. Describe its importance to this organization’s business strategy. For context, you should describe this organization and the nature of the business it is in, as well as its supply chain and inventory flows. Relate how this organization controls its stock levels and why it chooses these particular policies.

2. The pandemic has severely disrupted the economic activities of Singapore. Every organization has been affected, to a certain extent. Discuss the impact of the pandemic on inventory management of organizations in general and on your chosen organization, in particular. You should focus your discussion on different types of organizations like manufacturing, F&B, and services.