PHYSICS 102 Lecture Notes - Lecture 16: Supply Chain, Operations Management, Production Planning
Document Summary
A broader definition of supply chain operations management. Operations management: is the management of processes used to design, supply, produce, and deliver valuable goods and services to customers. It includes planning, executing tasks (in short or long term). Supply chain: the global network of organizations and activities involved in designing, transforming, consuming, and disposing of goods and services. A supply chain involves connections and relationships among organizations that play various roles for a given set of products. Operations management plays an important role in determining the quality of life for people around the world. New operational practices and technologies continue to radically improve the effectiveness of governments, not-for-profit institutions, and businesses in providing goods and services. It is important to understand that the fundamentals of how to manage operations well all decisions you make in any position of the company will have an impact on and be impacted by operations.
