OSCM Chapter 1 Question and answers 100% correct

OSCM Chapter 1 Question and answers 100% correct OSCM Chapter 1 operations and supply chain management - correct answer defined as the design, operation, and improvement of the system that create and deliver the firm's primary products and services. it is concerned with the management of the entire system that produces a product or delivers a service. operations - correct answer refer to manufacturing and service processes that are used to transform the resources employed by a firm into products desired by customers. supply chain - correct answer refers to the process that move information and material to and from the manufacturing and service processes of the firm. Which include logistic processes and warehousing and storage processes. process - correct answer one or more activities that transform inputs into outputs. processes include planning, sourcing, making, delivering, and returning. planning - correct answer consists of the processes needed to operate an existing supply chain strategically. Here a firm must determine how anticipated demand will be met with available resources. A major aspect of planning is developing a set of metrics to monitor the supply chain so that it is efficient and delivers high quality and value to customers. sourcing - correct answer involves the selection of suppliers that will deliver the goods and services needed to create the firm's product. A set of pricing, delivery, and payment processes are needed together with metrics for monit