WHAT are OPERATIONS AND SUPPLY CHAIN STRATEGY?
Q: What are the decision areas in operations strategy?
A: The operations strategy of a firm is primarily concerned about carrying out daily activities so as…
Q: Name several strategic decisions that involve operationsand supply chain management
A: Characteristics of Vital Decisions Anxious with Scope of an Organization's action. Matching of…
Q: What are the OPERATIONS STRATEGY.
A: Operations strategy deals primarily with the operations aspect of the organisation and hence…
Q: Write about OPERATIONS STRATEGY?
A: The operations strategy of a firm is primarily concerned about carrying out daily activities so as…
Q: Discuss what is variety and variation in operations management?
A: Variety is a concept that is based on a product's capacity for rapid adaptation.
Q: What is operations and why is it important?
A: Operations refer to manage the internal activities of the company to run the business efficiently.…
Q: Explain the 5 main decision made by operations and supply chain manager?
A: The supply chain is a network of distribution points responsible for acquiring raw materials,…
Q: What are some challenges to operations strategy formulation?
A: The strategic formulation is the initial process of any organization to implement any kind of…
Q: Name the characteristics to distinguish between manufacturing operations and service Operations?
A: Tangible output - Manufacturing operations put labors, materials, money to convert into tangible…
Q: ch are outsourcing under opera
A: In today's digital environment, outsourcing has become a popular and cost-effective strategy. When…
Q: What Are The Activities Of Operations Management?
A: Operations in every organization have their roles in every department either less or more depending…
Q: What are the operations management strategies
A: Operations management alludes to the organization of best strategic policies to accomplish the most…
Q: What does formulation of an operations strategy mean?
A: Strategy formulation is defined as planning and developing strategic plans and goals. It is an…
Q: Explain OPERATIONS STRATEGY?
A: Strategy"Strategy is the direction and scope of an organisation over the long-term: which achieves…
Q: What Operations Managers Do
A: An operations manager is an individual who is responsible to control and supervise the production…
Q: Match operational strategies with the proper companies or services that have successfully employed…
A: Operational strategy refers to the plan defined to accomplish the organizational goals aligning with…
Q: What is the content of operations strategy?
A: Strategy"Strategy is the direction and scope of an organization over the long-term: which achieves…
Q: What is the process of Operations Strategy?
A: The operations strategy of a firm is primarily concerned about carrying out daily activities so as…
Q: and
A: Working choices are conclusions made with respect to the everyday practice, continuous exercises of…
Q: What is the difference between operations management and supply chain Management?
A: Management refers to a process of achieving goals by coordinating tasks within different…
Q: Write the examples of operations strategies?
A: One operations strategy aims to improve costs in the creation of the product. Another operations…
Q: Explain some of current trends in outsourcing under operation strategy?
A: Some contemporary outsourcing tendencies in the framework of operations strategy are still to be…
Q: Why is used operations management?
A: The operations management, as per business dictionary, is to design execute and control the…
Q: Identify the two general types of operations. What are theircharacteristics?
A: The two types of operations are production operations and supply chain operations.
Q: Explain strategy and competitive advantage in operations management?
A: The field of management that deals with the effective utilization of resources like manpower,…
Q: What are the key success factors operations management?
A: Operations Management is always at the core of any business whether product-based or service-based.…
Q: Why should one study operations management?
A: Operations Management consists of activities that enable the inputs transformed into outputs. It…
Q: Briefly describe the historical evolution of operations management?
A: The Historical Evolutions of Operations management: Operations management refers to the management…
Q: Concept of Operations, Quality Improvement Plan
A: Concept of Operations Definition: A Concept of Operations (CONOPS) is a client arranged record that…
Q: What is meant by operations?
A: An operation is the action of the functioning or the fact of being active. the business deals with a…
Q: 5. How operations management is related to Supply Chain
A: Operation management is the process or activity in the management that takes place to design and…
Q: Briefly describe Historical summary of operations management?
A: Operations management deals with the business practices and its administration and it focuses on the…
Q: Explain Taboos in operations management?
A: Culture is the average accumulation of knowledge, material stuff, and valuables accumulated over…
Q: Explain what us variety and variation in operations management ?
A: Activities the board is a space of the executives worried about planning and controlling the course…
Q: Explain the rule of operations strategy in a business
A: This question is related to the topic-Operations strategy and this topic falls under the Operations…
Q: What is the role of operations managers?
A: The application of operations management's elementary principles, to the production of services,…
Q: 4. What do operations managers do and why is it so important?
A: Operations management is the area of management which is aimed at making the highest efficiency…
Q: State contemporary challenges facing operations and supply chain manager ?
A: Operations control is the procedure of optimising a business's systems and processes. Profitability…
Q: State how an operations strategy is developed
A: The business strategy describes how a business manages its products, services, methods, machines,…
Q: Define operations and supply chain strategy.
A: Operation strategy Operation strategy can be defined as a tool that helps the organization to define…
Q: The analysis of the company’s procurement models and strategies to support the operations in the…
A: Importance of procurement: Procurement have impact and influence on many decisions taken by the…
WHAT are OPERATIONS AND SUPPLY CHAIN STRATEGY?
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?