Question: Operations and supply chain management is concerned with the design and management of the entire system that has what function?

Short Answer

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Answer

The system's function is to transform numerous inputs such as raw materials, labor, and capital into output in the form of a finished good or service.

Step by step solution

01

Introduction

The administration of business processes to attain the highest level of efficiency inside a corporation is known as operations management (OM). It is concerned with converting resources and labor as efficiently as feasible into products and services to maximize an organization's profit.

02

Function of operations and supply chain management that is concerned with the design and management of the overall system

The design and administration of the entire system is the focus of operations and supply chain management. The system's function is to transform numerous inputs such as raw materials, labor, and capital into output in the form of a finished good or service.

Operations and supply chain management make the function of transforming input to output more efficient. Planning and control, logistics, quality management, inventory control, and the structure of the manufacturing facility all help in making the process of managing operations more efficient.

Operations and supply chain management help in the conversion of input to output by concentrating on process excellence and correctly managing the movement of commodities while reducing the expenses of that flow.

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