Figure7.0 Conceptual Model of Operations Management
Introduction
The management of supply is an exciting, challenging and important topic. This is especially the case given the value and importance attached to the need for sustainable supply – networks and supply chains managed in a positive manner environmentally, socially and ethically, as well as for cost efficiency. For some organisations, it encompasses much of the ‘value add’ and the effective and efficient management of these assets can be critical to organisational success. Cousins et al. (2008) show that a 1% cost ...
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