McDonalds Supply Chain McDonalds is a global fast food chain which is known to exercise a great deal of control over the supply chain. The firm relies in a large number of different inputs which are principally products that are sold. The process is diverse, but highly controlled with a limited number of suppliers and the effective use of outsourcing to specialized firms. The process is all supported by complex information technology which makes demand forecasts of up to three months, to ensure…

When marketing, engineering, and operations simultaneously develop a process (cross -functional integration), this approach is known as __________ ________________. A) sequential process B) traditional approach C) concurrent engineering D) both A and B E) none of the above Feedback: C is the correct answer. Unlike the traditional serial or sequential approach, concurrent engineering uses cross-functional integration for concurrent development of a product…

Part I, Objective 1: Supply Chain Management (SCM) and Operations Management (OM) Supply chain management is the business of overseeing the flow of materials to manufacturers, wholesalers, retailers and consumers. It is an external process that involves supply chain managers communicating with other vendors to ensure a product flows through the supply chain smoothly. Once a product reaches the consumer, it has already flowed through multiple organizations – these organizations collectively are referred…

Supply Chain Operations Management Analysis of Southwest Airlines Name: University: Course Title: Instructor: Date: Introduction Southwest Airline is said to be the largest airline firm in the world and yet it charges low-fare costs to its large population of customers. Interestingly, it is noted that the company is one that depends on a large pool of suppliers whom are found necessary for the business to operate desirably. Such suppliers are mentioned to include: maintenance firms, fuel…

Supply Chain Management: Operations Management Introduction Operations Management is the term we use for the management of the resources necessary to produce and deliver the products and services required by customers. These resources include labour, materials and capital equipment. The following definition reflects the nature of Operations management: 'Operations management is about the way organizations produce goods and services. Everything you wear, eat, sit on, use, read or knock about…

OPERATION & SUPPLY CHAIN MANAGEMENT Sec I- strategy & sustainability 1. OSCM 2. strategy & sustainability 3. product & service design Sec II- manufacturing, service & health care processes *4. strategic capacity management *4A. learning curves 5. process analysis 5A. job design & work measurement 6. production process 6A. facility layout *7. service processes *7A. waiting line analysis *8. health care processes 9. six sigma…

Importance of Operations Organizations’ have matured over the years; they have learned and adapted to become more strategic in every aspect of their business. One way organizations’ have done this is by understanding the importance of operations and supply chain management. The author will explain how operations and supply chain management evolved to what it is today, how this is important to the company’s strategy, and define the dimensions of the quality. Evolution Everything adapts and changes…

Effective management of operations and supply chain is a crucial source of competitive advantage for any business in a rigorously competitive environment. Operations management generally denotes the process of managing a firm’s resources with the ultimate aim of delivering value to the customer (Krajewski, Ritzman & Malhotra, 2013). To stay ahead of the competition, an organisation must constantly strive to transform its operations – it must seek to eliminate inefficiencies in the supply chain. This…

1) Definition of the scope Supply chain management and operation management have become integral components as far as organizational competitiveness is concerned. This paper will begin by offering a literature review about supply chain management and operations management. Then, the paper will explore various issues within the Airbus company and analyze the identified issues by apply SCOM concept. The paper will also identify specific best/worst practices in the Aerospace industry before offering…

Global Operations and Supply Chain Management Competitive Alternatives Survey A company involved in manufacturing medical devices decides to begin sourcing components internationally. As for now, it operates in the United States and Germany only. So, senior management should assess the relative manufacturing costs worldwide to choose where to source. This decision will be made based on manufacturing costs. Cities with the Lowest and Highest Manufacturing Costs The latest Competitive Alternatives…