OPM 311 Study Guide - Midterm Guide: Buffer Solution, Operations Management, Manufacturing Engineering
28 Sep 2016
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Accounting is the function that coaches and keeps score for the business through profit and cost analysis. The transformation process within the supply chain creates wealth and value. This includes conversion of raw materials into saleable products and services. Know that there are three elements that transfer between members of a supply chain: 1) Inventory, 2) information and data (bidirectional), and 3) cash. Know the difference between the references of upstream versus downstream in supply chain management. Ownership of the demand planning process should belong to the top management of sales and/or marketing, usually at the vice president level. Careers in oscm (operations and supply chain management)--don"t memorize them all, just have a good feel for what is in that space. Understand what some of the main ones are. It usually includes jobs in quality, process or manufacturing engineering, purchasing, materials and inventory planning, scheduling, production management, logistics, warehousing, etc. : vp of operations.
