Operations Management and Supply Chain Management
Question:
How does Operations and Supply Chain Mgmt enhance company profitability?
1. Content
2. Charts and Graphs
3. Evidence to support your position
4. Examples that highlight your conclusion
Table of Contents:
I. Executive Summary…………………………………………………………………………………………………………………….2
II. Operations Management and Profitability………………………………………………………………………………….3
III. Supply Chain Management and Profitability……………………………………………………………………………….5
IV. Examples/Case Studies……………………………………………………………………………………………………………….8
V. References………………………………………………………………………………………………………………………………..10
Today more than before have the functions of Operations and Supply Chain Management (SCM) impacted the bottom line of companies that recognize the facets of these functions and use them to their advantage.
Operations Management: Inventory Management strategies and vendor improvement initiatives create innovativeness within the supply chain ensuring that the company is implementing best practices across the board affecting the bottom line.
Supply Chain Management: Cost savings via the win-win negotiation and auction strategies that SCM implements gives straight savings to Finance to account for in the Company’s Income Statement.
Examples illustrated therein are of companies such as Salisbury Supermarkets Ltd., IKEA, Best Buy, Campbell’s Soup, Proctor and Gamble, to name a few that have since understood the importance of having the COO (Chief Operating Officer) and the Director of Supply Chain at C-Levels due to their significant contribution to their company’s profitability.
The Journal of Operations Management defines Operations Management as an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services in the most efficient and effective way.
Operations Management can and will impact your business bottom line, translated to PROFITABILITY, in the following ways:
• Costs of operations
• Levels of
How does Operations and Supply Chain Mgmt enhance company profitability?
1. Content
2. Charts and Graphs
3. Evidence to support your position
4. Examples that highlight your conclusion
Table of Contents:
I. Executive Summary…………………………………………………………………………………………………………………….2
II. Operations Management and Profitability………………………………………………………………………………….3
III. Supply Chain Management and Profitability……………………………………………………………………………….5
IV. Examples/Case Studies……………………………………………………………………………………………………………….8
V. References………………………………………………………………………………………………………………………………..10
Today more than before have the functions of Operations and Supply Chain Management (SCM) impacted the bottom line of companies that recognize the facets of these functions and use them to their advantage.
Operations Management: Inventory Management strategies and vendor improvement initiatives create innovativeness within the supply chain ensuring that the company is implementing best practices across the board affecting the bottom line.
Supply Chain Management: Cost savings via the win-win negotiation and auction strategies that SCM implements gives straight savings to Finance to account for in the Company’s Income Statement.
Examples illustrated therein are of companies such as Salisbury Supermarkets Ltd., IKEA, Best Buy, Campbell’s Soup, Proctor and Gamble, to name a few that have since understood the importance of having the COO (Chief Operating Officer) and the Director of Supply Chain at C-Levels due to their significant contribution to their company’s profitability.
The Journal of Operations Management defines Operations Management as an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services in the most efficient and effective way.
Operations Management can and will impact your business bottom line, translated to PROFITABILITY, in the following ways:
• Costs of operations
• Levels of