What are the TWO primary philosophies discussed in Chapter 8 – Operations Management that are used to help manage operations in the supply chain. Provide the main objectives for each of the two philosophies.

Operation management is termed as the area of management that deals with designing and controlling the production process and managing the business operations in the production of the goods and services of the demand in the market.

The two primary philosophies discussed managing operations in the supply chain are:

Just in time philosophy  Lean Philosophy    

1. Just in time philosophy: This philosophy is termed as the production of goods and services in order to meet the demand of the customers with efficiency and effectiveness.

The main objectives of the Just in time philosophy are: Continuous improvement Eliminating waste. workplace cleanliness and organization. Set-up time reduction

   

2. Lean is termed as the concept and the philosophy arranged in a set of tools all wrapped in one. Businesses have invested time and money in adopting the principles of Lean.

The main objectives of Lean are:

The biggest objectives of Lean Philosophy is to reduce costs and improve customer service

To know more about the primary philosophies, refer to the link below:

link

As background to the answer, it is germane to note that Supply chain management is one of the most crucial task for any global organisation. It speaks to the position of the company and distribution of its product all the way from the producer to the end user.                                                                                                                           

The two philosophies which are used to help manage operations in supply chain are:

Just in time philosophy and Lean Philosophy    

Explanation:

Just in time philosophy: This originally referred to the production of goods to meet customer demand exactly, in time, quality and quantity, whether the `customer' is the final purchaser of the product or another process further along the production line.                                                       It has now come to mean producing with minimum waste. "Waste" is taken in its most general sense and includes time and resources as well as materials.

It main objectives are:

Continuous improvementEliminating waste.Good housekeeping- workplace cleanliness and organisation.Set-up time reduction

     2.  Lean is a concept, a philosophy, a practice, and a set of tools all wrapped in one. For more than 5 decades, businesses have invested time and money adopting the principles of Lean (while originated at Toyota Corporation for manufacturing operations, the principles of Lean have since spread to many types of businesses and functional areas).

It's core objectives are:

the biggest objectives of Lean Philosophy is to reduce costs and improve customer serviceA Lean organization focuses on providing the best quality within the shortest possible lead time, while minimizing waste throughout your processes (waste being classified as any resource that is not being used properly)

Cheers!

Slope intercept form is y=mx+b where m is the slope of the line, x is the x intercept and b is the y intercept.

Answer supply chain management;