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SBAD 475 ADV OM1

Managing Operations Chapter 1

QuestionAnswer
Core capability A unique set of skills that confers competitive advantages to a firm, because rival firms cannot easily duplicate them
Echelon A downstream stage of supply or consumption
Logistic management is the management of the movement of materials and information within, into, and out of the firm
Operations management A type of planning that establishes short-term priorities and schedules to guide operational resource allocations
Process A system of activities that transforms inputs into valuable outputs
Stakeholders Groups of people who have a financial or other interest in the well-being of an operation
Supply chain management The design and execution of relationships and flows that connect the supply chain. parties and processes across a supply chain
Supply Chain The global network of organizations and activities involved in designing, transforming, consuming, and disposing of goods and services
Tier An upstream stage of supply
Competitive advantage skills and knowledge that make the firm distinct and competitive
Created by: pitufran