Operations Management and Supply Chain Quiz

Operation Management = Managing the production of goods or services Supply Chain = Managing the flow of goods and services Inventory Management = Managing stock levels and movement of goods Customer Relationship Management = Managing interactions with current and potential customers

Operation Management = Ensuring efficient use of resources in production Supply Chain = Optimizing the movement of products from supplier to consumer Inventory Management = Minimizing costs while maintaining adequate stock levels Quality Management = Ensuring products or services meet customer expectations

Operation Management = Streamlining internal processes for productivity Supply Chain = Reducing lead times and enhancing responsiveness Inventory Management = Minimizing stockouts and excess inventory Logistics Management = Coordinating the movement of goods from origin to consumption