Asked by: Alberto Monnet
asked in category: General Last Updated: 23rd January, 2020

What is operations and supply chain management?

Operations and Supply Chain Management (OSCM) includes a broad area that covers both manufacturing and service industries, involving the functions of sourcing, materials management, operations planning, distribution, logistics, retail, demand forecasting, order fulfillment, and more.

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Simply so, what is supply chain operations?

Supply chain operations include the systems, structures and processes to plan and execute the flow of goods and services from supplier to customer.

Subsequently, question is, what do operations and supply chain managers do? Supply chain managers develop and maintain various supply chain plans and strategies. This may involve coordinating and overseeing manufacturing operations in order to forecast orders and meet customer demands. They must optimize operational resources while executing cost reductions and inventory controls.

One may also ask, what is the difference between operations and supply chain management?

The major difference between supply chain management and operations management is that supply chain is mainly concerned with what happens outside the company – obtaining materials and delivering products – while operations management is concerned with what happens inside the company.

What is the definition of an operations and supply chain strategy?

Business strategy is matching customer needs with real systems defined by boundaries. Operations are those activities which transform resources into goods and services, whereas supply chain refers to activities which move information and materials from manufacturing to firms and customers.

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