To define: The term operations management and
Operations management:It deals with the business administration process that forms the highest level of efficiency within a company. Operations management is related to the conversion of labor and materials into products and services in an effective manner in order to generate or maximize profit in a company.
Explanation of Solution
Supply chain management:
Supply chain management is overseeing and handling the process of moving the raw materials from supplier to manufacturer and moving the finished good from manufacturer to wholesaler or directly to the customers. If the manufacturer moves the good to wholesaler, then the wholesaler will move the good to the consumer through retailer.
Operations management:
Operations management is defined as managing with concern with designing and redesigning the operation in the production of goods and services. It has the control over the business operations which convert the resource to goods and services. It can be used to handle the process from raw materials to finished goods.
Want to see more full solutions like this?
Chapter 1 Solutions
OPERATIONS MANAGEMENT -CONNECT
- How often should a company develop and rei ne the operations and supply chain strategy?arrow_forwardBRIEFLY DISCUSS AND DESCRIBE THE TERMS OPERATIONS MANAGEMENT AND SUPPLY CHAINarrow_forwardDescribe the major priorities associated with the operations and supply chain strategy and the way the relationship has changed over the years ?arrow_forward
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.