BUS 373 Midterm 1 Prep

0.0(0)
Studied by 0 people
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/4

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 11:33 PM on 6/15/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai

No analytics yet

Send a link to your students to track their progress

5 Terms

1
New cards

Operations Management

Administration of business activities to create the highest level of efficiency possible within a organization

2
New cards

Activities needed for SCM

  1. planning

  2. sourcing

  3. manufacturing

  4. delivery and logistics

  5. returning

3
New cards

Decision phases of a supply chain

  1. supply chain strategy/decision: how to structure a SC over the next several years (long-term)

  2. supply chain planning: decisions over the next quarter or year

  3. supply chain operation: daily or weekly operational decisions

4
New cards

Competitive strategy

defines the set of customer needs a firm seeks to satisfy through its products and services relative to its competitors

5
New cards

Process definition

a transformation/production process that uses resources to convert inputs into some desired output