Contemporary operations management planning is an interfirm process. This means:
A) the process must integrate all of the functional units of a firm's operation, including production, marketing, finance, and logistics.
B) the process is a confidential plan that is not shared with suppliers or customers. It stays within the firm.
C) it is a process where several firms work closely together to produce goods and services, and anticipate a changing environment.
D) it is a process that seeks stability by adhering to top-down management.

Question

Quizplus · Accepted Answer

Contemporary operations management planning is focused on interfirm collaboration and cooperation. This means that multiple firms work together to produce goods and services and anticipate changes in the business environment. It is not solely focused on internal operations within a single firm (A) or on top-down management strategies (D). Additionally, interfirm planning often involves sharing information and collaborating with suppliers and customers, so it is not a confidential plan that stays within the firm (B).

Contemporary Operations Management Planning Is an Interfirm Process