Question: Passage below require critical analyses and breakdown. Operations and Supply Chain Management, also known as OSCM, is defined as a design, operation, and improvement of
Passage below require critical analyses and breakdown.
Operations and Supply Chain Management, also known as OSCM, is defined as a design, operation, and improvement of the systems that create and deliver the firms primary products and services (Operations and Supply Chain Management, n.d.). OSCM deals with the management of the entire team, or system, which produces various products and delivery services. Many factors can account for the resurgence of interest in OSCM today, some of which include globalization, customer service, and quality. Expounding on globalization, this refers to the free movement of goods, services, and people across the world. In regard to supply chain management, globalization refers to the process in which a business operates on an international scale. Many benefits of globalization include the ability to reach new customers in new markets around the world, expanding sourcing opportunities, offering a larger selection of goods and services, growing and expanding the scope of their business, and saving money and increasing profits (How Globalization Impacts Supply Chain Management, 2020).
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