BUS 307 Ashford University Operations Management & Quantitative Questions

Question Description

I’m working on a management discussion question and need an explanation and answer to help me learn.

https://www.forbes.com/sites/forbestechcouncil/2019/02/01/creating-real-value-for-your-customers/?sh=6ce6865738b2 (Creating Real Value For Your Customers article) and https://www.supplychaindive.com/news/charts-supply-chains-q1-2021-inventory-e-commerce-warehouse/598005/ (9 charts show the highs and lows of supply chain in Q1)

Answer the following questions:

What is supply chain management?

What observations do you have on supply chain management and its relationship to different businesses?

Refer to the article 9 Charts Show the Highs and Lows of Supply Chains in Q1

How does your organization or one you are familiar with define and create value?

Why is it important to focus on value creation versus simply solutions and service?
For these two questions, refer to the article Creating Real Value for Your Customers.

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