Posted: December 17th, 2022

Briefly describe operations management and supply chain

Writing Assignment #1
Three PART assignment:
PART 1:
1. Briefly describe operations management and supply chain.
Operations management is the field of management that is responsible for the design, planning, and control of the processes that create and deliver an organization’s products and services. It involves the use of tools, techniques, and systems to optimize the efficiency and effectiveness of an organization’s operations.

Supply chain management is a related field that focuses on managing the flow of goods and services from suppliers to customers. It involves coordinating the activities of all the organizations and individuals that are involved in the production, distribution, and delivery of a product or service. This includes managing the procurement of raw materials and supplies, the production and assembly of goods, and the distribution and delivery of finished products to customers.

Both operations management and supply chain management are critical to the success of any organization, as they help ensure that products and services are delivered efficiently and effectively to customers. These fields involve the use of a range of tools and techniques, including process design, quality control, inventory management, and logistics. By managing their operations and supply chains effectively, organizations can improve their efficiency, reduce costs, and increase customer satisfaction.
2. Describe the three major functional areas of business organizations and how they interrelate.

Section should be approximately 2 – 3 pages in length.
PART 2:
1. List the key ways that organizations compete.
2. Apply the key ways discussed to your organization if possible. If not possible, pick an organization and apply the key ways accordingly.
Section should be approximately 2 pages in length.

PART 3:
1. Discuss the purpose of value analysis.
2. Examine your personal and/or professional life and describe an example of where value analysis could be applied.
(Up to one page in length)
*Ensure you follow APA writing standards. (Make sure to include a cover page. A running head and abstract are NOT required.)
** A total of three references are required to include your textbook.
Please name your file: last name_first name_MGT5203.E1_#1
Example: Reagan_Matthew_MGT5203.E1_#1

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