University : | University of South Wales UniLearnO is not sponsored or endorsed by this college or university. |
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Subject Code : | PS4S26 | Country : | United Kingdom |
Task
Introduction
In the present-day world, Conservation of ecological resources is one of the most pressing challenges (Mench, 2018) (Krause, et al., 2020) . Businesses that use natural resources in the creation of their goods bear a significant amount of responsibility to nature and society for the preservation of ecological resources (Petersen, 2019). As a result, today's responsible businesses strive to run their supply chains in a sustainable manner ( Sánchez-Flores , et al., 2020). A company's supply chain activities encompass practically all aspects of the manufacturing process as well as inventory management. It entails the selection and extraction of raw resources, often through agricultural production, packing, transportation to various destinations, storage in inventory, and eventually distribution and consumption (Niger & Michael, 2019) (Chen & Paulraj, 2007; CIPS, 2020). Sustainable supply chain management is the incorporation of operational implementation which are both environmentally friendly and financially feasible ( Sánchez-Flores , et al., 2020). (Matthews, et al., 2016)explains that it is a proactive approach by a company toward preserving the planet's resources. These efforts beneficial to the organization and society at large.
KEY CONCEPT DEFINED:
The academic literature contains a variety of definitions pertaining to Strategic operational management (SOM). Strategic operations management (SOM), in brief, is the proper operational function for guaranteeing effective utilization of organizational resources (Brown, et al., 2018). According to (Heizer, et al., 2020) , SOM it is the management of all operational activities such as production, preservation, and distribution to efficiently and effectively use organizational resources and achieve the long-term goal of the company. Strategic operations management, in its broadest sense, refers to the process of efficiently transforming raw resources into consumable products or services using labor force to optimize profitability (Grando & Belvedere, 2017). The objective of strategic operations management is to establish attainable and required goals as well as a plan for achieving those goals (Lu & Liang, 2015). It aims to increase the flexibility and efficacy of activities while also maximizing the results by utilizing the organization's available resources. Strategic operations management, as the name implies, provides a proper plan for the efficient operations of a business in order to maximize the utilization of organizational resources, reduce wastage, cost-efficient production and maximize organizational profit (villena & Gioia, 2020) . An organization's strategy is vital for its success because without properly set goals, and without planned moves, it is nearly impossible to achieve organizational success. The most effective use of existing resources is one of the prerequisites of cost reduction and profit maximization. Thus, strategic operations management seeks to optimize the production, design, preservation, and distribution processes of an organization. An example of strategic operations management can be found below .
OBJECTIVES OF THE STUDY:
1 . Introduce idea 2 . Define/explain the idea 3 . Offer evidence and argument
Literature review
Presented to an excellent standard:
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