Physical Resources
Physical resources refer to tangible assets that organizations use to produce goods and services. These include items like machinery, buildings, vehicles, and raw materials. Physical resources are essential for operations, as they directly impact productivity and efficiency.
In addition to machinery and buildings, physical resources also encompass infrastructure such as roads and utilities. Proper management of these resources is crucial for maintaining operational effectiveness and ensuring that a business can meet its production goals. Effective use of physical resources can lead to cost savings and improved overall performance.