What Is Operations and Supply Chain Management?
Q: What effect does operations management have on an organization's competitive advantage?
A: Operations management is a term that refers to the business function that assists in controlling the…
Q: Name several strategic decisions that involve operationsand supply chain management
A: Characteristics of Vital Decisions Anxious with Scope of an Organization's action. Matching of…
Q: Specify the five major decision responsibilities of operations and supply chainmanagement?
A: The five major decision responsibilities of operations: Design of Goods and Services. Quality…
Q: Explain the 5 main decision made by operations and supply chain manager?
A: The supply chain is a network of distribution points responsible for acquiring raw materials,…
Q: Discuss why certain kinds of firms stress particular area of operations management explain briefly ?
A: In business circumstances, different kinds of companies exist; some of these are profit-making…
Q: Provide an assessment of what the FIVE (5) performance measures in operations and supply management
A: The supply chain is the system of processes, employees, resources, and technologies that help to…
Q: Why does one choose a career in operations management?
A: A task with a low feeling of anxiety, great balance between serious and fun activities and strong…
Q: How operations management is related to Supply Chain?
A: The corporate role responsible for developing and overseeing products, systems, facilities, and…
Q: 2. Define the term operations management. Briefly explain the strategic role of operations.
A: Production is the process of converting inputs into finished products and services for the…
Q: Identify and briefly describe the three groups within which challenges of operations managers can be…
A: Customers are important for the company. Customers not only generate sales but also help companies…
Q: Know the potential career opportunities in operations and supply chain management.
A: Potential career opportunities are: operations manager production analyst production manager…
Q: Define the terms operations management and supply chain
A: Though both operations management and supply chain are closely related they have few differences.…
Q: Explain the reason why the operations and supply chain strategy continues to change for world class…
A: The management of the movement of the flow of goods or services, from the production stage to the…
Q: Briefly describe the concept of Value Chain Management.
A: Value Chain Management(VCM) is defined as the integration of all resources of the company including…
Q: Why do we study Operations management
A: Operations management is a branch of management that ensures that the business activities of the…
Q: What is the role of operations management within a business enterprise?
A: Operations management is the administration of operational processes within a company to create the…
Q: WHY STUDY OPERATIONS MANAGEMENT?
A: Operations management is the art & science of confirming that goods & services are…
Q: Explain what are the four categories of operations management ?
A: Operations management is classified into four distinct subfields:
Q: Why is used operations management?
A: The operations management, as per business dictionary, is to design execute and control the…
Q: Summary of operations management in manufacturing and production in detail?
A: The work of activities or operation the board is to manage the method involved with changing assets…
Q: Discuss why operations management is important
A: Operation management refers to the field of management concerned with handling or controlling, and…
Q: Identify the two general types of operations. What are theircharacteristics?
A: The two types of operations are production operations and supply chain operations.
Q: Explain what is meant by diversification and the different types of it in operations
A: Diversification is a business strategy that incorporates a wide variety of the organization's…
Q: Discuss what is the inter connection between operations process and supply chain management?
A: There are several connections between supply chain management and operational procedures:
Q: What are the five most important choices that operations and supply chain administrators make?
A: The supply chain is a distribution network that performs tasks such as procuring raw materials,…
Q: What is the difference between the terms “production management” and “operations management”?
A: In most of the Organisations,management plays a vital role and there are main streams in an…
Q: List the major activities in operations managemen
A: Operations management is described as a process in management that allows the transformation of the…
Q: Identify the 10 strategic operations management decisions.
A: Strategic Operations Management Decisions: Strategic Operations Management Decisions are types of…
Q: How often should a company develop and refine the operations and supply chain strategy?
A: Operations and supply chain strategy helps to set the broad policies and plans for the optimal use…
Q: Explain why certain kinds of firms stress particular area of operations management explain briefly ?
A: In a business setting, various types of firms exist; some might be for-profit organizations, some…
Q: Explain what is the inter-connections between operations process and supply chain management?
A: The links between supply chain management and operational procedures are as follows:
Q: Explain what are the general purpose equipment in operations management ?
A: General-purpose equipment is that equipment that is used other than medical, research, and technical…
Q: Describe the reason why the operations and supply chain strategy continues to change for world class…
A: To be determined: the reason why the operations and supply chain strategy continues to change for…
Q: explain the 4 Vs in operations management
A: In any operation one thing is common.Take inputs or raw materials and then convert into the finished…
Q: Do any companies have to emphasize specific fields of management of operations? clarify.
A: Operations management is a separate field of management from others because of its vast processes.…
Q: Do certain kinds of firms need to stress particular areas of operations management?
A:
Q: Explain and define the term operations management
A: Previously known as process improvement, operations management originated in manufacturing.
Q: Briefly describe the terms operations management and supply chain.
A: Operations management is the one which dealt with planning, supervising and organising in relation…
Q: Define operations and supply chain strategy.
A: Operation strategy Operation strategy can be defined as a tool that helps the organization to define…
Q: What is Production? What is Operations Management? How does Production correlate with…
A: SUMMARY- 1. Production is the technique for transforming crude materials or contributions to…
Q: Describe 4 characteristics of operations management.
A: Operations management is the management of business practices to generate the highest level of…
Q: What are the four operations performance objectives?
A: The four operations performance objectives are as follows: Quality of a product: Quality is…
What Is Operations and
Operations can be defined as the method or process of managing the business in an effective and efficient manner. The definition of operations changes depending on the type of industry.
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?