Question: Define the value chain and explain why understanding an organizations value chain is essential to manage an organization. Define supply chain management and discuss the

  1. Define the value chain and explain why understanding an organizations value chain is essential to manage an organization.
  2. Define supply chain management and discuss the difference between supply chain management and operations management.
  3. Explain the four common types of facility layout and the environments where each layout approach is and is not appropriate.
  4. Describe the technology concepts of radio-frequency identification (RFID), advanced manufacturing systems, and lean thinking.

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