In order to become a supply chain manager, it is necessary to pursue the Master of Business (MBA) degree in business with a supply chain specialization. This MBA typically includes supply chain coursework such as sourcing, operations research, marketing, and logistics management. Also, a supply chain graduate-level internship is typically required as part of the MBA program. Getting certification is not a requirement, however, it can greatly help your career efforts.
â¢ OBLIGATION (noun) The noun OBLIGATION has 4 senses: 1. the social force that binds you to the courses of action demanded by that force. 2. the state of being obligated to do or pay something. 3. a personal relation in which one is indebted for a service or favor. 4. a legal agreement specifying a payment or action and the penalty for failure to comply. Familiarity information: OBLIGATION used as a noun is uncommon.
The Louisiana Civil Code prefers the civil law word obligation to the common law term contract. In many ways, the terms are interchangeable. In the Louisiana Code, obligation is defined as follows: An obligation is a legal relationship whereby a person, called the obligor, is bound to render a performance in favor of another, called the obligee. Performance may consist of giving, doing, or not doing something.. In a contractual sense, an obligor is the debtor.