SCMT 364 Midterm
What role does operations and supply chain play?
Production, manufacturing, process, and quality
What are operations and supply chain mgmt?
design, operation, and improvement of the systems that create and deliver the firm's primary
products and services
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Operation
Manufacturing and service processes that are used to transform the resources employed by a
firm into products (or services) desired by a customer
Supply Chain
Processes that move information and material to and from the manufacturing and services
processes of the firm
Efficiency
Doing something at the lowest possible cost
Effectiveness
Doing the right things to create the most value for the company
, Value
Quality / Price
Quality
The attractiveness of the product
SCM Processes
planning, sourcing, making, delivering, returning
SCM Decision Levels
Strategic decisions, tactical decisions, generalities
Mission
reason for the existence of an org
Shareholders
individuals/ companies that legally own 1+ share of stock in the company
Stakeholders
individuals/orgs who are directly or indirectly influenced by the actions of the firm
Triple Bottom Line
social, economic, environmental
TBL- Social
fair and beneficial business practices toward labor, community, and region in which a firm
conducts business
TBL - Economic
firm is obligated to compensate shareholders who provide capital
TBL - Environmental
firm's impact on the environment
What role does operations and supply chain play?
Production, manufacturing, process, and quality
What are operations and supply chain mgmt?
design, operation, and improvement of the systems that create and deliver the firm's primary
products and services
Previous
Play
Next
Rewind 10 seconds
Move forward 10 seconds
Unmute
0:00
/
0:15
Full screen
Brainpower
Read More
Operation
Manufacturing and service processes that are used to transform the resources employed by a
firm into products (or services) desired by a customer
Supply Chain
Processes that move information and material to and from the manufacturing and services
processes of the firm
Efficiency
Doing something at the lowest possible cost
Effectiveness
Doing the right things to create the most value for the company
, Value
Quality / Price
Quality
The attractiveness of the product
SCM Processes
planning, sourcing, making, delivering, returning
SCM Decision Levels
Strategic decisions, tactical decisions, generalities
Mission
reason for the existence of an org
Shareholders
individuals/ companies that legally own 1+ share of stock in the company
Stakeholders
individuals/orgs who are directly or indirectly influenced by the actions of the firm
Triple Bottom Line
social, economic, environmental
TBL- Social
fair and beneficial business practices toward labor, community, and region in which a firm
conducts business
TBL - Economic
firm is obligated to compensate shareholders who provide capital
TBL - Environmental
firm's impact on the environment
