BUSI 411 Certification Exam Questions and CORRECT Answers

Briefly describe the terms operations management and supply chainoperations management relates to the management of systems or processes that create goods and/or provide services. These processes involve the planning, coordination, and execution of all activities within an organization that create goods and services. supply chain is the sequence of organizations, including their facilities, functions, and activities, that are involved in producing and delivering a product or service. This sequence begins with basic suppliers of raw materials and ends with the final customer. A supply chain includes activities and facilities external to the internal operations function, e.g., sourcing and transportation of inbound materials. Identify the three major functional areas of business organizations and briefly describe how they interrrelateoperations, finance, and marketing Operations is concerned with the creation of goods and services,