About This Chapter
MTEL Business: Operational Management - Chapter Summary
Use this chapter to learn about aspects of operational management before you pursue a business teaching endorsement by taking the MTEL Business examination. Take this opportunity to further study logistics, supply chain management strategies and enterprise resource planning. One of the chapter's video lessons outlines core competencies in supply chain management, and another focuses on the implications of organizational insourcing and outsourcing. Additionally, explore the lessons so that you can:
- Understand supply chain integration
- Examine the activities of supply chain management and logistics
- Describe supply chain management's core competencies
- Assess the effects of technology on business careers
- Identify different forms of inventory
- Explain the benefits and disadvantages of enterprise resource planning
Learn from and review these lessons as they're presented by seasoned educators. Study online as often as you like with your mobile technology. As you manage a busy schedule, you'll have the opportunity to pause the lessons and replay them when you have more time. The chapter consists of animated video lessons and self-assessment quizzes. You can also look through the written transcripts or print the worksheets for convenient reference.
MTEL Business: Operational Management - Chapter Objectives
There are six multiple-choice subareas and one open-response section on the MTEL Business examination. Subarea I, Business Management, contains questions on operational management. Worth about 21% of the overall score, the subarea has between 25 and 27 multiple-choice questions. The examination's 100 multiple-choice questions and two open-response assignments should take about four hours to complete. This is a computer-based assessment that also includes a 15 minute on-screen tutorial.
1. Supply Chain Management: Technology, Measurement, Relationship & Material Integration
Marketing managers realize how distribution can be costly if there is not an efficient plan in place. Supply chain management is a strategy that allows seamless integration of all pieces of the distribution chain.
2. Supply Chain Management in the Business, Supplier & Customer Network
Supply chain management is concerned with all the interconnected businesses that are part of providing end products or services to customers. Learn how SCM can reduce costs and improve customer service.
3. Logistics of Goods and Services
Logistics management is essential for the proper functioning of a supply chain and for successfully serving customers. In this lesson, you'll learn about the role of logistics in supply chain management and how intermediaries can be used in the process.
4. Leveraging Core Competencies in Operations & Supply Chain Management
Core competencies can be leveraged to develop a competitive advantage in the operations and supply chain areas. In this lesson, you will learn the definition, how they are leveraged and view examples of core competencies.
5. Globalization, Outsourcing & Insourcing: Impact of Technology on Careers
This lesson discusses the impact information technology has on careers. Globalization has been driven by advances in technology and has impacted job security and wages. We will specifically look at downsizing, insourcing and outsourcing.
6. Items that Make Up Merchandise Inventory
In order to operate, merchandising companies must carry inventory. What exactly makes up merchandise inventory? In this lesson, you will not only learn the answer to that question, but also several other important factors that relate to merchandise inventory.
7. Enterprise Resource Planning: Using ERP to Integrate Business Processes
Enterprise resource planning is a set of integrated program to manage the critical operations for an entire organization. Learn about the advantages and challenges of implementing ERP.
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Other chapters within the MTEL Business (19): Practice & Study Guide course
- MTEL Business: Management Basics
- MTEL Business: Management Theories
- MTEL Business: Planning Function of Management
- MTEL Business: Organizing Function of Management
- MTEL Business: Leading Function of Management
- MTEL Business: Leadership Theories
- MTEL Business: Controlling Function of Management
- MTEL Business: Motivation & Management
- MTEL Business: Managing Organizational Change
- MTEL Business: Overview of Human Resource Management
- MTEL Business: Job Analysis & Design
- MTEL Business: Hiring & Staffing
- MTEL Business: Employee Training & Assessment
- MTEL Business: Employee Compensation
- MTEL Business: Employment Law & Rights
- MTEL Business: Equal Employment Opportunity
- MTEL Business: Labor Relations
- MTEL Business: Business Communications
- MTEL Business: Overview of the American Legal System
- MTEL Business: Contract Law
- MTEL Business: Property Law
- MTEL Business: Agency Law
- MTEL Business: Creditors' Rights & Bankruptcy
- MTEL Business: Securities & Antitrust Law
- MTEL Business: Product Liability & Consumer Protection
- MTEL Business: Environmental Law
- MTEL Business: Business Law & Ethics
- MTEL Business: Overview of Accounting
- MTEL Business: Accounting Cycle
- MTEL Business: Financial Statements & Ratios
- MTEL Business: Managerial Accounting & Internal Controls
- MTEL Business: Basics of Business Math
- MTEL Business: Probability & Statistics
- MTEL Business: Depreciation
- MTEL Business: Interest & Purchases
- MTEL Business: Financial Analysis
- MTEL Business: Basic Concepts of Microeconomics
- MTEL Business: Supply & Demand in Microeconomics
- MTEL Business: Aggregate Supply & Demand in Macroeconomics
- MTEL Business: Economic Systems & Theories in Macroeconomics
- MTEL Business: Business Cycle, GDP & Growth in Macroeconomics
- MTEL Business: Unemployment & Inflation in Macroeconomics
- MTEL Business: Fiscal Policy & Monetary Policy in Macroeconomics
- MTEL Business: Trade & International Business in Macroeconomics
- MTEL Business: General Marketing Concepts
- MTEL Business: Consumer Behavior
- MTEL Business: Pricing in Marketing
- MTEL Business: Product Development, Market Research & Segmentation
- MTEL Business: Advertising, Promotion & PR
- MTEL Business: Marketing Channels & Distribution
- MTEL Business: Entrepreneurship
- MTEL Business: Information Technology
- MTEL Business: Career Development
- MTEL Business: Consumer Economics & Personal Finance
- MTEL Business Flashcards