OPS 571 Week 1 Discussion 1

Students need to contribute Four (4) substantive posts in this discussion by the due date indicated. The substantive posts can be any combination of responses and replies.

Hello Class,

Below a list of some of the main Learning Objectives as well as Key terms you will find in this chapter. Keep in mind that getting familiar with these may help you in the rest of the class.

Learning Objectives for Ch. 1 of Operations and Supply Chain Management

• Identify the elements of operations and supply chain management (OSCM).
• Know the potential career opportunities in operations and supply chain management.
• Recognize the major concepts that define the operations and supply chain management field.
• Evaluate the efficiency of a firm.

Key Terms for Chapter 1:

• Operations and supply chain management (OSCM)
• Process
• Product-service bundling
• Mass customization
• Business analytics
• Sustainability
• Triple bottom line
• Effectiveness
• Efficiency
• Value
• Bench marking

Class, please discuss the following statement and answer the questions related to it:

Some people tend to use the terms effectiveness and efficiency interchangeably, though we’ve seen they are different concepts. But is there any relationship at all between them? Can a firm be effective but inefficient? Very efficient but essentially ineffective? Both? Neither?

Copyright 2018 by University of Phoenix. All rights reserved.