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OPERATIONS AND SUPPLY CHAIN MANAGEMENT 2026 COMPREHENSIVE ASSESSMENT

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OPERATIONS AND SUPPLY CHAIN MANAGEMENT 2026 COMPREHENSIVE ASSESSMENT

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OPERATIONS AND SUPPLY CHAIN
MANAGEMENT 2026 COMPREHENSIVE
ASSESSMENT

◉ Operations and Supply Chain Management. Answer: Concerned
with the management of the entire system that produces a product
or delivers a service.


Involves specialists in product design, purchasing, manufacturing,
service operations, logistics, and distribution.


◉ Supply Network. Answer: A pipeline through which material and
information flow


◉ Distinguishing Operations versus Supply Chain Process. Answer:
Operations refers to manufacturing and service processes used to
transform the resources employed by a firm into products desired
by customers.


Supply Chain refers to processes that move information and material
to and from the manufacturing and service process of the firm.
These include logistics processes that physically move product and
the warehousing and storage processes that position products for
quick delivery to the customer.

, ◉ Supply Chain. Answer: Refers to providing products and service to
plants and warehouses at the input end and also the supply of
products and service to the customer on the output end of the
supply chain.


◉ Process. Answer: One or more activities that transform inputs into
outputs


◉ Categorizing Operations and Supply Chain Processes. Answer: 1.
Planning
2. Sourcing
3. Making
4. Delivering
5. Returning


◉ Planning. 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 is is efficient and delivers high quality and value
to customers


◉ Sourcing. Answer: Involves the selection of suppliers that will
deliver the goods and services needed to create the firm's products.

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