Question: 1.Discuss the four aspects of operational efficiency. - Resources Utilization - Production - Distribution - Inventory Management 2.What is supply chain management? How does it

1.Discuss the four aspects of operational efficiency.

- Resources Utilization

- Production

- Distribution

- Inventory Management

2.What is supply chain management? How does it improve delivery efficiency?

3.What is just-in-time (JIT)? Name the three expected positive results when a company adopts the JIT system.

4.Describe the five steps involved in applying the theory of constraints.

-Identify the systems bottlenecks

-Decide how to exploit the bottlenecks

-Subordinate Everything Else

-Elevate the systems bottlenecks

-Return to Step One, But Beware of "Inertia"

Alteast 3 - 4 sentences every explanations

make it brief and concise and no plagiarism

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