Importance Of Operations And Supply Chain Management

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 as it matures. This is how things advance to the next stage of evolution. Operations and supply chain management is not exception to this rule, it too advanced. In the early years this term was never thought of, companies focused on logistics research and was concerned on how to improve material handling. By the 1960’s it was all about merging warehouse, transportation and material handling in to one label called Physical Distribution. (Robinson, 2015) Technology increased its evolution and by the 1970’s-1980’s computers optimized the system for companies to create programs to help with planning, storage and inventory controls. It was during this time that organizational leaders saw the importance of operations and supply chain management had on the company’s bottom line. To improve available data collected and accuracy ERP (Enterprise Resource Planning) system was implemented in the 1990’s. Technology made the biggest impact to operations and supply chain managementShow MoreRelatedBus 430 Assignment 2: Inventory Management1369 Words   |  6 PagesBUS 430 Assignment 2: Inventory Management http://homeworkfy.com/downloads/bus-430-assignment-2-inventory-management/ BUS 430 Assignment 2: Inventory Management Assignment 2: Inventory Management Due Week 8 and worth 300 points Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment. Write a six to eight (6-8) page paper in which you: 1. Determine the types of inventories these companies currently manage and describe their essentialRead MoreSupply Chains and Inventory Management Essay1155 Words   |  5 PagesSupply Chain and Inventory Management December 6, 2008 Supply Chain and Inventory Management With the increased globalization, competition and complexity in global supply chains, more companies have realized that supply chain management is critical to the optimal organizations overall operation. It is no longer just the responsibility of the warehouse manager and logistics director (Pundir, 2008 and Wharton). In the past, many organizations didn’t manage their supply chains they left thatRead MoreLogistics Management And Supply Chain Management1171 Words   |  5 PagesLogistics and Supply Chain Management Topic: Do the terms, ‘logistics management’ and ‘supply chain management’ have the same meaning in operations and why logistics management might be of strategic importance to a manufacturing or service organisation. During last two decades, the importance of logistics has been noticed around the world. In global markets, the effects and further developments of logistics and supply chain management for corporate success has increased significantly that resultRead MoreMaterials Management Proposal1445 Words   |  6 PagesMaterials Management Proposal Laura Dean 2/7/2011 Materials Management Proposal Materials and operations management play a crucial role in the success of any organization. Of particular importance to the materials and operations divisions is management’s complete understanding of the hospitals functions as a whole entity. After reading this paper, one will understand the importance of materials management and operations management as well as how both departments must work together to ensureRead MoreStrategic Vision And Operations Planning1210 Words   |  5 Pagessuccessful supply chain management. However as 2016, Walmart closed 269 stores, this means that not all the stores are successful and there is a problem that is affecting its operations planning. Walmart by 32nd St. has operation planning problems during winter time when the population increases in the area. This report was written to understand the importance of developing a strategic vision and operations planning in order to help the store current seasonal problems. I find out that Supp ly Chain ManagementRead MoreSupply Chain Management And Healthcare Industry1745 Words   |  7 PagesSupply Chain Management –For Healthcare Industry Introduction: Economic downturn in Healthcare sector has given renewed importance to supply chain management in healthcare industry. Supply chain management has great effects on hospital organizations. On papers Supply chain accounts for 30 to 40% in healthcare industry but that is only if we consider just the cost of goods under the supply chain , instead if we look at factors like cost of inventory , cost of procuring and other costs associatedRead MoreLogistics and Supply Chain Management1168 Words   |  5 PagesTopic: Do the terms, ‘logistics management’ and ‘supply chain management’ have the same meaning in operations and why logistics management might be of strategic importance to a manufacturing or service organisation. During last two decades, the importance of logistics has been noticed around the world. In global markets, the effects and further developments of logistics and supply chain management for corporate success has increased significantly that result in a large amount of companies haveRead MoreDemand Forecasting And Supply Chain1628 Words   |  7 Pagesglobal logistics and supply chain. In general, logistics and supply chain are the key to maintain the normal operation of the business. However, globalization has changed the way the business operates, it gives companies potential threats but it also provides valuable chances. In this regard, it is necessary to manage supply chain. Demand forecasting and estimation provide significant information about the market and order, and clearly identify the potential problems in supply chain (Skiver 2015). ThisRead MoreEssay on Protecting The Supply Chain1004 Words   |  5 Pagescompany’s supply chain, the more vulnerable the company becomes. When the company’s suppliers spread further and further away from the company, the company becomes even more vulnerable to political and currency risk, cyber attacks, missed inventory goals, and failed communication with the supply chain. For a company to overcome those potential vulnerabilities, a company must build safeguards into their operations. Those safeguards include a strong corporate backing in supply chain management, solidRead MoreCanadian Tire Auto Services Main Supply Chain Strategies Essay1678 Words   |  7 PagesCanadian Tire Auto Services’ main supply chain strategies. Canadian Tire provides many automotive services for their clients with many locations across the countries. Our goal for this project will also be to look into Canadian Tire’s logistics operations, their process of sup plier selection, and evaluation. We will also look to study their use of the latest IS/IT innovations. We will then conclude our project by realizing the importance of supply chain management integration, as well as, the challenges