Operations Management: Supply Chain Management (300 Words)

Select one of the key concepts from the module noted below and use it as the focal point of your essay. Be sure to identify the name of your selected firm.

• Assess the strategic importance of the supply chain. What strategic differences exist between a product-based business (i.e., sells a physical, tangible product) and a service-based business (i.e., sells a service, which has no physical or tangible product)?
• Compare the six sourcing strategies and relate your response to your selected firm.
• Appraise issues and opportunities in the supply chain as they relate to your selected firm.
• Explain the steps in the supplier selection process. What differences exist between a product-based business (i.e., sells a physical, tangible product) and a service-based business (i.e., sells a service, which has no physical or tangible product)?
• Discuss the major issues in logistics management when the transportation of material spans oceans and many nations.
• Synthesize the method to compute the percentage of assets committed to inventory and inventory turnover. How could this information increase profits for your selected firm?

Base your research on a current scholarly, peer-reviewed source that addresses the same topic as the outcome you have selected.

Minimum 2 sources

Minimum 300 words

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