Operations management and supply chain management.

Chapter 8:

1. Define the term 'operations management.'
Operations management is "the management of systems or processes that convert or transform resources ins goods and services." 
2. Explain operations managements role in business
Its main use in a company environment is to assist in the systematic production steps of goods and services. The main focus of operation management is on the forecasts of production within the company, inputs of production, The Quality of production, attempting to lower cost of production and to also in turn reduce the cost of the final product.
3. Describe the correlation between operations management and information technology

The main correlation between operation managment and information is visibility. By using them together it allows for *Visibility* throughout the whole of the company. It allows for operations managers to determine whether the production is successful and if not  understand how and where they can make it more sufficient.
4. Explain supply chain management and its role in business. 
Supply chain management (SCM) involves the management of the flow of production at all stages of production. 
Supply chain refers  to all parties involved in the production of a product, directly or indirectly, and how they impact the success of the product. 
5. List and describe the five components of a typical supply chain

The five components of a supply chain are:
Plan: refers to the 'strategic portion' of the chain. Focus on how to sustain resourced for production, efficiency,cost effective, delivery of high quality and the value of products to customers.
Source: this stage is where suppliers are sought and this depend fully on the reliability and how a supplier will deliver goods and services which are required in the production of the companies product.
Make: This is the supply chain step which the product it produced!
Deliver: "Logistics is the set of processes that plans for and controls the efficient and effective transportation and storage of supplies to customers." The delivery stage of the supply chain is generally referred to as the logistical stage.
Return: this stage is referring to a point where the company is able to receive defective of excess of their product and also support customers whom have issues with the product. 
6. Define the relationship between information technology and supply chain.
The main relationship between information technology and the supply chain is that a supply chain is effectively enhanced in success and efficiency with the addition of technology to the 5 components of the supply chain. There is a possibility of information technology have either a positive or negative effect on the supply chain but either way the infiltration of technology into the functioning of a company's production line had changed the way the traditional function of a supply chain.