SOMA is a student-run club focused on enhancing knowledge of Operations Management, Decision Sciences and Supply Chain Management, as well as building a network of professionals interested in operations and supply chain.
What is Operations Management?
Operations Management is an area of business concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient in terms of using as little resources as needed, and effective in terms of meeting customer requirements. It is concerned with managing the process that converts inputs (in the forms of materials, labor and energy) into outputs (in the form of goods and services) effectively.
What is Supply Chain Management?
Supply Chain Management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996). SCM spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.
SCM can also be defined as design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally.