Question: Passage below require critical analyses and breakdown. Operations and Supply Chain Management (OSCM) can be described as the heart of a business; the skill sets,
Passage below require critical analyses and breakdown.
Operations and Supply Chain Management (OSCM) can be described as the heart of a business; the skill sets, tools and techniques of creating and delivering products and services (Cousins, 2018). It is constant design and improvements of a system already in place that creates and delivers what a firm is selling or providing. We have seen a resurgence of OSCM today due to several factors. Technologically, more and more companies are going global. In order to stay relevant and efficient, companies must adopt new methods of getting their products overseas in the most streamlined way possible. If they do not embrace change and rapidly advancing technologies, they could fall behind. Remaining competitive is another factor. To the point of embracing change and advanced technology, if a company falls behind, their competitors will step in with their own goods and services. To keep their competitive advantage, OSCM helps a company utilize above mentioned efficiency and helps them remain competitive, producing goods and services, all at an appropriate cost.
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