Operations Management 5. List and explain at least five efficiency evaluation metrics for collection management
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- What are the advantages of adopting systems for transaction processing, customer relationship management, and supply chain management?How does normalization relate to data warehousing, and what considerations should be taken into account when designing data warehouses?From Operations and Supply Chain Management 10th edition by ROBERTA S. RUSSELL BERNARD W. TAYLOR III
- Differentiate between the given information systems with examples from the retail industry. a)Transaction Processing Systems (TPS) and Management Information Systems (MIS) b) Customer Relationship Management (CRM) and Supply Chain Management (SCM) systems.1) Identify any transaction processing system that you have witnessed in any organization. 2) Identify and describe the operational effectiveness given by the transaction processing system to that organization. 3) Draw a flow chart of the flow of transactions in that transaction processing system.What is Supply chain management and provide an example of it.
- What method/measure/process/system do you think can be adopted by the Bureau of Customs (BOC) in order to streamline or effectively & efficiently implement the procedures on the establishment, operations and control of: (a) Customs Facilities and Warehouses and (b) Customs Bonded Warehouses?a. Describe THREE types of e-commerce transaction? b. Differentiate between commercial and organizational websites?As a supply chain management student, you have completed key aspects of the disciplinethroughout your qualification. In this module, you learned about the operations of warehousemanagement and key decisions related to it. This question requires you to reflect on yourknowledge and understanding of warehouse management as a component of the supply chain.You are required to write a one-page report where you reflect on:• The role of warehouse management as a critical component of supply chain management.• Your opinion of warehouse management in creating a competitive advantage for a supplychain.• Your experience of learning the discipline of warehouse management. i.e., which sections ofthe module did you enjoy learning the most and which sections were more challenging tograsp?• From what you have learned, through your qualification, do you think technology can helpan organisation enhance operations or do you think that by taking away the human element(operating machinery), the increased…
- Explain in what ways can information be helpful in logis and supply chain management ?1. Identify how digital technology can reduce the problem in supply chain management A. Cost inventory B. Time delivery C. Demand forecasting D. Quality of productYou are currently performing an audit at GoodStar Co. The company manufactures tinned fruits which are supplied to large food retailers. Management team and those charged with governance of GoodStar have concerns about the effectiveness of their sales and collection system and asked you to review the system. Sales and Collection System Sales orders are mainly placed through GoodStar website and customers are also allowed to made orders through telephone. Online orders are automatically checked against the inventory records for availability, while orders received through telephone are checked manually by order clerks after the call. A follow-up call is usually made to customers if there is insufficient inventory. When taking telephone orders, clerks note down the details on paper and afterwards they complete a three-part pre-printed order form. These order forms are sequentially numbered and are sent manually to both delivery and the accounts department. As the company is expanding,…