OPERATIONS MANAGEMENT >CUSTOM<
OPERATIONS MANAGEMENT >CUSTOM<
14th Edition
ISBN: 9781266767234
Author: Stevenson
Publisher: MCG CUSTOM
Question
Book Icon
Chapter 1, Problem 1DRQ
Summary Introduction

To define:  The term operations management and supply chain management.

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.

Expert Solution & Answer
Check Mark

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?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
What does a Balanced Workout plan ensure comprehensive fitness? What are the obstacles involved in a Balanced Workout plan to ensure comprehensive Fitness? How does mental well-being entail implementing techniques such as mindfulness, therapy, physical activity, and social support to cultivate emotional resilience and mitigate stress?
Identify the ethical principles that apply to the case.  Include in your discussion how each of the principles of ethical decision making as discussed in the “Underlying Principles of Ethical Patient Care” chapter factored into your decision (beneficence, non-maleficence, autonomy, respect for dignity, veracity, and justice).
What should I do? Generate Potential Actions.  Include choices that cannot be justified. What justifies my choice? Decide on proper ethical action and generate responses to those with opposing arguments (Justification for your choice)
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub