What is supply chain operations?

Supply chain operations include the systems, structures and processes to plan and execute the flow of goods and services from supplier to customer. To maximize effectiveness, it is critical to evaluate both internal operations and the extended supply chain that includes suppliers and customers.

What is supply chain Oxford dictionary?

The series of linked stages in a supply network along which a particular set of goods or services flows; it usually consists of: suppliers, vendors of the suppliers, producers, distribution partners, and customers.

What is the difference between supply chain and operations?

The major difference between supply chain management and operations management is that the supply chain is mainly concerned with what happens outside the company – obtaining materials and delivering products – while operations management is concerned with what happens inside the company.

What are the steps in a supply chain operation?

The Key Steps in a Supply Chain

  1. Original sourcing or extraction of raw materials.
  2. Refining or manufacturing materials into basic parts.
  3. Assembling basic parts into finished products.
  4. Selling finished products to end users.
  5. Delivering finished products to end users or consumers.

Why is it called supply chain?

The links of a chain have but two physical connections: a single link on the input and a single link on the output, hardly representative of the way our supply systems work today. When the chain is working, its links can rub together while they are, in effect, pulling against each other.

What is another term for supply chain?

Business Logistics Management. The terms supply chain management and business logistics management—or simply, logistics—are often used interchangeably.

What is the relationship between operations and supply chain?

Difference between Operation Management and Supply Chain Management :

Operation Management Supply Chain Management
It mainly focuses on management of operations or functions. It mainly focuses on management of supply activities i.e. goods and services.