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Answer the Following DQ Questions
  • From Business, General Business
  • Due on 29 Sep, 2018 07:30:00
  • Asked On 24 Sep, 2018 04:33:21
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  1. What are the key elements of operations and supply chain management?
  2. What are the major concepts defining the field of operations and supply chain management?
  3. What is the definition of an operations and supply chain strategy?
  4. How are these strategies implemented?
  5. What are the characteristics of a manufacturing process?
  6. How are manufacturing processes organized and evaluated?
  7. What are the different types of service processes?
  8. What metrics are used to improve process performance?
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operations and supply chain management
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Supply Chain Management
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1. What are the key elements of operations and supply chain management? Here are four main elements to supply chain management. Integration This could be considered the brains and heart of the supply chain. Overseeing supply chain integration means coordinating communications between the rest of the supply chain to produce effective and timely results. Often, this means exploring new software or other technological means to foster communications among departments. Those in charge of integration are responsible for making sure that things are happening on time and on the budget, without sacrificing quality. Operations This link in the supply chain coordinates the specifics of day-to-day operations for the company. It plans the company’s output to make sure everything is running well and that advantages are maximized. Operations will keep an eye on company inventory. They use business forecasting to predict which supplies will be needed when and by whom and also to find ways to predict the effectiveness of products, marketing approaches, as well as end-user results. Overall, the company’s production is overseen by operations. Purchasing This department sources the materials, products, or other goods needed to generate the company’s products. Purchasing creates relationships with suppliers and also identifies the qualities and quantities of necessary items. It’s very important for those in purchasing to keep an eye on the budget for things to be cost-effective for the company, as well as adhering to high-quality standards. Distribution How do businesses commodities end up where they are supposed to? Distribution coordinates that. The logistics of communications among retailers, clients, or wholesalers is the responsibility of the distribution part in the supply chain of command. These groups must keep on eye on shipments, and to know not only what is needed in-house to produce products but also that the products get to the end-customer on time and in good shape. The four elements of supply chain management must work cohesively for everyone’s benefit. Not only do end-customers reap the rewards; employees themselves also reap the rewards. A well-oiled supply chain is key to a harmonious work environment, because when everyone does what they are supposed to do, there is less stress for everyone. 1. 2. What are the major concepts defining the field of operations and supply chain management? . Logistics Management Logistics is a fundamental set of supply chain processes that facilitates fulfillment of demand. The goal is to supply the right product or service, at the right place, at the right time. The Council of Supply Chain Management defines logistics management as “that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers’ requirements.” Whether provided internally, by a supplier, by the customer, or by an external logistics services provider, these capabilities are essential for achieving supply chain success. Supply Management Supply management focuses on the identification, acquisition, access, positioning, management of resources, and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives (Institute for Supply Management, 2010). For most organizations, logistics controls the distribution of products; whereas supply management controls the strategic sourcing of direct materials, finished goods, services, capital equipment, and indirect materials. Both are needed to ensure optimal performance of the supply chain. Value Chain The concept of a value chain was developed as a tool for competitive analysis and strategy. It is composed of primary activities (inbound logistics, operations, outbound logistics, marketing and sales, and service) and support activities (infrastructure, human resource management, technology development, and procurement) that work together to provide value to customers and generate profits for the organization (Porter, 1985). A value chain and a supply chain are complementary views of an extended enterprise, with integrated supply chain processes enabling the flows of products and services in one direction, and the value chain generating demand and cash flows from customers (Ramsey, 2005). Distribution Channel Distribution channels support the flow of goods and services from the manufacturer to the final user or consumer (Council of Supply Chain Management Professionals, 2010). An organization can establish direct channels to consumers or rely upon traditional intermediaries such as wholesalers and retailers to facilitate transactions with final users. The rapid expansion of the Internet as a key selling platform is f...
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Supply Chain Management
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  • Submitted On 28 Sep, 2018 04:44:47
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1. What are the key elements of operations and supply chain management? Here are four main elements to supply chain management. Integration This could be considered the brains and heart of the supply chain. Overseeing supply chain integration means coordinating communications between the rest of the supply chain to produce effective and timely results. Often, this means exploring new software or other technological means to foster communications among departments. Those in charge of integration are responsible for making sure that things are happening on time and on the budget, without sacrificing quality. Operations This link in the supply chain coordinates the specifics of day-to-day operations for the company. It plans the company’s output to make sure everything is running well and that advantages are maximized. Operations will keep an eye on company inventory. They use business forecasting to predict which supplies will be needed when and by whom and also to find ways to predict the effectiveness of products, marketing approaches, as well as end-user results. Overall, the company’s production is overseen by operations. Purchasing This department sources the materials, products, or other goods needed to generate the company’s products. Purchasing creates relationships with suppliers and also identifies the qualities and quantities of necessary items. It’s very important for those in purchasing to keep an eye on the budget for things to be cost-effective for the company, as well as adhering to high-quality standards. Distribution How do businesses commodities end up where they are supposed to? Distribution coordinates that. The logistics of communications among retailers, clients, or wholesalers is the responsibility of the distribution part in the supply chain of command. These groups must keep on eye on shipments, and to know not only what is needed in-house to produce products but also that the products get to the end-customer on time and in good shape. The four elements of supply chain management must work cohesively for everyone’s benefit. Not only do end-customers reap the rewards; employees themselves also reap the rewards. A well-oiled supply chain is key to a harmonious work environment, because when everyone does what they are supposed to do, there is less stress for everyone. 1. 2. What are the major concepts defining the field of operations and supply chain management? . Logistics Management Logistics is a fundamental set of supply chain processes that facilitates fulfillment of demand. The goal is to supply the right product or service, at the right place, at the right time. The Council of Supply Chain Management defines logistics management as “that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers’ requirements.” Whether provided internally, by a supplier, by the customer, or by an external logistics services provider, these capabilities are essential for achieving supply chain success. Supply Management Supply management focuses on the identification, acquisition, access, positioning, management of resources, and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives (Institute for Supply Management, 2010). For most organizations, logistics controls the distribution of products; whereas supply management controls the strategic sourcing of direct materials, finished goods, services, capital equipment, and indirect materials. Both are needed to ensure optimal performance of the supply chain. Value Chain The concept of a value chain was developed as a tool for competitive analysis and strategy. It is composed of primary activities (inbound logistics, operations, outbound logistics, marketing and sales, and service) and support activities (infrastructure, human resource management, technology development, and procurement) that work together to provide value to customers and generate profits for the organization (Porter, 1985). A value chain and a supply chain are complementary views of an extended enterprise, with integrated supply chain processes enabling the flows of products and services in one direction, and the value chain generating demand and cash flows from customers (Ramsey, 2005). Distribution Channel Distribution channels support the flow of goods and services from the manufacturer to the final user or consumer (Council of Supply Chain Management Professionals, 2010). An organization can establish direct channels to consumers or rely upon traditional intermediaries such as wholesalers and retailers to facilitate transactions with final users. The rapid expansion of the Internet as a key selling platform is f...
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Manufacturing process paper
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