How Is "Supply Chain Management" Different Than "Operations Management

question 31

Multiple Choice

How is "supply chain management" different than "operations management"?

• A)They are exactly the same thing
• B)Supply chain management focuses mainly on supplier relationships,while operations management focuses mainly on production
• C)Supply chain management is about relationships and flows,while operations management is about processes
• D)Supply chain management is external,while operations management is internal

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Definitions:

MRP

The marginal revenue product, which is the additional revenue generated from using one more unit of a factor of production.

Wage Rate

The amount of money paid to an employee per unit of time or for each unit of output produced.

Demand Schedule

A table or graph that shows the quantity of a good or service that consumers wish to buy at each price level.

Marginal Product

The additional output that is generated by employing one more unit of a specific factor of production, keeping other inputs constant.