Introduction to Operations and Supply Chain Management

13 important questions on Introduction to Operations and Supply Chain Management

Where can supply chain management efforts range from?

Supply chain management efforts can range from an individual firm taking steps to improve the flow of information between itself and its supply chain partners to a large trade organization looking for ways to standardize transportation and billing practices

What are supplychain trends for the forseable future?

-agility
-information technologies
-people

Many businesses have found it increasingly important to develop agile operation and supply chains. How does supply chain insights defines agility?

The ability to recalculate plans in the fac of market, demand and supply volatility and deliver the same or comparable cost, quality and customer service
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No area has a greater impact on business than information technology, most notably the Inernet and electronic commerce. What is electronic commerce?

Also known as e-commerce for short, it refers to the use of computer and telecommunications technologies to conduct business via electronic transfer of data and documents

The last trend concerns people what do we mean with that?

People; specifically, the current shortage of talented operations and supply chain professionals and the important of relationship management.

What is not enough to guarantee a firm's success?

Afility, information technology, and a talented pool of professionals

What can havve poor relationships within any link of the supply chain?

It can have disastrous consequences for all other supply chain members.

Even if you decide that a career in operations and supply chain management is not for your, chances are you will still find yourself working with people in these areas why is that?

This is becayse non of the major operations and supply chain activities take place in a vacuum.

What does critical thinking involve?

Critical thinking involves purposeful and goal-directed thinking used to define and solve problems, make decisions, or form judgments related to a particular situation or set of circumstances

What does key operations and supply chain activities require?

It requires close collaboration with participants from other areas, such as marketing, engineering, and finance.

How is knowledge application and analysis defined?

As the ability to learn a concept and then apply that knowledge in another setting to achieve a higher level of understanding.

How are information technology application and cumputing skills defined?

As the ability to select and use appropriate technology to accomplish a given task

Our deccision to emphasize both areas is based on two observations what are those?

1) organizetionsare demanding student who have been exposed to traditional supply chain areas such as purchasing and logistics, as well as more traditional operations topics.
2) our years of experience in industry, education and consulting tell us that supply chain management is here to stay

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