What are three reasons that the study of operations and supply chain management is important?
What will be an ideal response?
Answer: One reason that the study of operations management is important is that every organization must make a product or provide a service that someone values. Without this, there is no reason for the existence of the organization. The study of supply chain management is important because most organizations function as part of a larger supply chain. Finally, organizations must carefully manage their operations and supply chains in order to prosper. The better the supply chain and operations functions are coordinated, the greater chance for success of all members.
You might also like to view...
The controlling account for the accounts payable subsidiary ledger is
a. Purchases; b. Purchases Returns and Allowances; c. Purchases Discounts; d. Accounts Payable; e. Accounts Receivable.
An extension clause allows the date of maturity of an instrument to be extended into the future
Indicate whether the statement is true or false
Consumers might not realize that Old Spice health and wellness products and Iams pet nutrition products are made by the same company-Procter & Gamble. Old Spice and Iams are known as
A. family brands. B. traditional brands. C. individual brands. D. umbrella brands. E. corporate brands.
Which of the following is true under the UCC regarding the requirement of privity in regard to a breach of warranty action?
a. The UCC limits liability to those in privity with the seller who are injured by the goods. b. The UCC extends protection to those in privity with the seller who are injured by the goods and also to those in the buyer's household reasonably expected to use, consume, or be affected by the goods and who are injured by the goods. c. The UCC extends protection not only to those in privity with the seller, but also to any person who may reasonably be expected to use, consume or be affected by the goods and who is injured by the goods. d. The UCC has alternate provisions regarding the need for privity from which adopting states may choose.