OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9780077835439
Author: Roger G Schroeder, M. Johnny Rungtusanatham, Susan Meyer Goldstein
Publisher: McGraw-Hill Education
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Chapter 1, Problem 5DQ
Summary Introduction
To determine: The differences in the works of an operation manager and marketing or finance manager.
Introduction:
Operations management helps to determine the tools and information for the best business ideas and the implementations. It helps to improve the level of efficiency within the organization.
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What distinguishes the role of an operations manager from that of a marketing or finance manager? What are the similarities and differences between these two functions?
How does a strategically managed business differ from an organizationally managed business?
To better understand the operations manager position, you need to experience it and make the types of decisions an operations manager would make. For your Unit 3 project, your challenge was to develop your own idea for a business. For your Unit 5 Project, your challenge is to use the information from your Unit 3 Project to develop a SWOT analysis on each major section of your hypothetical organisations operations and logistics; especially focusing on its ability to respond to disruptions. Based on these disruptions and your SWOT analysis, you must present recommendations for proactively sustaining your organisations competitive advantage. To prepare for this assignment: Reflect on your hypothetical organisations ability to respond to your researched disruptions. Identify methods for establishing traceability/visibility throughout the supply chain network of your hypothetical organisation. Reflect on ways to maintain a competitive advantage. To complete this assignment: Conduct a SWOT…
Chapter 1 Solutions
OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
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- In order for students, interns and entrepreneurs to be successful in their jobs, they must be conversant with operations management.arrow_forwardDiscuss the overlap among operations, marketing and finance the three basic functions basic to all organizationsarrow_forwardWhat is the value chain analysis? What does the gain firm when they successfully uses this tool?arrow_forward
- Use the operating structures model of operations management to discuss how operations are managed in your selected organisation. In your discussion, include the influence of the operating structures on the planning and control systems used in the organisation.arrow_forwardDescribe the flow of information between operations management and other business functions.arrow_forwardDraw a Value chain analysis with a company example.arrow_forward
- How can an organization effectively align its long-term goals with its day-to-day operations?arrow_forwardHow does information technology be of help to have an effective operations management?arrow_forwardThe first question is: why is it important for students, interns, and entrepreneurs to have a practical understanding of operations management from an early stage?arrow_forward
- Which is more important, effectiveness or efficiency? What would be an example of each?arrow_forwardIdentify the three major functional areas of business organizations and briefly describe how they interrelate. NOTE: three major functional areas are: 1. Operations 2. Finance 3. Marketingarrow_forwardHow can organizations effectively incorporate qualitative and quantitative forecasting techniques in their operations management to improve decision-making and optimize resource allocation?arrow_forward
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