matching supply and demand

are activities that provide some combination of time, location, form, and psychological value.

is the sequence of organizations- their facilities, functions, and activities-that are involved in producing and delivering a product or service.

meeting demand requirements

is that of planner and decision maker.

incorporating customers, manufacturability, and time to market.

is responsible for assesing consumer wants and needs, and selling and promoting goods or sevices.

determining the location of facilities

is responsible for producing the goods or providing the services offered by the organization.

determining what products and/or services customer wants

predicting the quantity of customer demand

is that part of a business organization that is responsible for producing goods and/or services.

Three Basic Functions of Business Organizations

the management of systems or processes that create goods and/or provide services.

monitoring supplier quality, on-time delivery, maintaining supplier relations.

is responsible for securing financial resources, budgeting, analyzing investment proposals, and providing funds for operations.

evaluating potential suppliers

are physical items that include raw materials, parts, and final products.

controlling quality, scheduling work

deciding how to best move information and materials