2+-+SRM+UNIT+Operations+-+Purchasing

Learning Targets:
The student plans, monitors, and controls day-to-day activities to enable continued functioning in finance.
 * 1) analyze the **operations**role and function in finance such as:
 * explain the nature of operations
 * discuss the role of ethics in operations
 * describe use of technology in operations
 * 1) implement **purchasing**activities in finance such as:
 * explain the nature and scope of purchasing
 * place orders or reorders
 * maintain inventory of supplies
 * manage the bid process in purchasing
 * select vendors
 * evaluate vendors performance
 * 1) describe and explain the production role and function, including the concept of production and production activities
 * 2) identify and implement **quality control**processes in finance, including
 * quality-control measures
 * quality-control methods at work
 * crucial elements of quality control
 * the role of management in achievement of quality
 * efficient operating systems