Business Finance - Management MGT 603 WEEK ONE Assignment 1: Describe the Concepts and Theories Involved in Operations Management. 750 WORD MIN

Instructions

Background

You’ve been employed as an operations manager for a little under a year now. Your leadership is making their rounds from department to department in hopes of better understanding their associated roles and responsibilities. Your supervisor has tasked you with developing a background paper on operations management and how it is posturing the company for competitive advantage. 

Instructions

Please answer the following questions and submit them for grading.  

1. What is operations management, and how has it evolved since World War II in the United States? 

2. How have the technology and the global economy impacted operations management? 

3. How does operations management help firms compete? 

4. Why are business units bundling manufacturing with services in their market offerings? 

5. Describe Value Added Chain Management. Why is it essential to an organization? How does it impact an enterprise's competitive edge? 

Length

This assignment must be 750 words (excluding the reference page). Note: Incorporate APA standardization (i.e., title page not required, body (questions and answers with supporting citations).

Reference List

Include 2 scholarly sources.

Grading

This assignment is worth 30 points