ADM 2372 Chapter Notes - Chapter 8: Finished Good, Operations Plan, Business Process
16 Oct 2017
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Lo1 - operating management fundamentals (not coverd in exams) Lo2 - information systems" role in operations management (not covered in exams) The flow of materials from suppliers and their upstream suppliers at all levels. The transformation of materials into semi-finished and finished products - the organization"s own production process. The distribution of products to customers and their downstream customers at all levels. Organizations must embrace technologies that can effectively manage and oversee their supply chains. Technology advances in the five scm components have significantly improved companies" forecasting and business operations. This is the strategic portion of supply chain management. A company must have a plan for managing all the resources that go toward meeting customer demand for products and services. A big piece of planning is developing a set of metrics to monitor the supply chain so that it is efficient, costs less, and delivers high quality and value to customers.
