Question: 1 . What are the three elements that require integration to be successful in operations and supply chain management? 2 . Operations and supply chain

1. What are the three elements that require integration to be successful in operations and supply chain management?
2. Operations and supply chain management is concerned with the design and management of the entire system that has what function?
3. Consider the following financial data from the past year for Midwest Outdoor Equipment Corporation.
4. A manufacturing company has entered into a new contract with a major supplier of raw materials used in the manufacturing process. Under the new arrangement, called vendor managed inventory, the supplier manages their raw material inventory inside the manufacturers plant, and only bills the manufacturer when the manufacturer consumes the raw material. How is this likely to affect the manufacturers inventory turnover ratio?
5. What is the name of the process in which one company studies the processes of another firm in order to identify best practices?
6. A company has recently implemented an automated online billing and payment processing system for orders it ships to customers. As a result, it has reduced the average number of days between billing a customer and receiving payment by 10 days. How will this affect the receivables turnover ratio?
8. Which major OSCM concept can be described as an integrated set of activities designed to achieve high-volume production using minimal inventories of parts that arrive at workstations exactly when they are needed?
9. leverage the vast amount of data in enterprise resource planning systems to make decisions related to managing resources.
10. Which current issue in OSCM relates to the ability of a firm to maintain balance in a system, considering the ongoing economic, employee, and environmental viability of the firm?

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