5D Flashcards
Innovation(n.)
Q2)5D)Innovation is the process of altering and improving or creating new products or procedures.
Side note=
When a business implements innovation it is often fulfilling an unmet customer need or aiming to improve current products to increase customer satisfaction. In turn, this can increase a business’s sales.
Global sourcing of inputs {{as a business opportunity}don’t need to include this}(n.)
5D)Q15)Global sourcing of inputs involves a business acquiring raw materials and resources from overseas suppliers (can say outside of the country externally too).1
Overseas manufacture {{as a business opportunity}don’t need to include this}(n.)
(textbook)Overseas manufacture involves a business producing goods or services outside of the country where its headquarters are located.1
Felix def(this possibly may be better)-
Overseas manufacture involves a business producing its goods and services in an external country to that in which its headquarters is located.
Global outsourcing {{as a business opportunity}don’t need to include this}(n.)
Q5)5D)Global outsourcing involves transferring specific business activities to an external business in an overseas country.
Side note=
By doing so, a business often gains the expertise of highly-skilled employees who are able to efficiently complete business tasks, therefore minimising the amount of time and resources a business uses in its activities.
In Innovation(n.), What aspects of a business are innovated
Coming up with new was of doing efficiency and effectiveness
The product is innovated=
-Porters lower cost strategy(n.)
-Porter’s differentiation strategy(n.)
-Lean management(n.)
-Pull(n.)=
-One-piece flow(n.)=
-takt(n.)=
-zero defects(n.)=
-Anything in Unit 3 Aos 3(DO YOU REALLY MEAN THIS)=
Automated production lines(n.)
Robotics(n.)
Computer-aided design(n.)
Computer-aided manufacturing(n.)
Artificial intelligence(n.)
Online services(n.)
Materials management
-Forecasting(n.)=
Master production schedule(n.)=
Materials requirement planning(n.)=
Just in time(n.)=
Waste minimisation(n.)
-reduce(v.)=
-reuse(v.)=
-Recycle(v.)=
-Corporate social responsibility(n.)=
What do Corporate social responsibilities consider=
Corporate social responsibilities for inputs
Corporate social responsibilities for processes
Corporate social responsibilities for outputs
Corporate social responsibilities on employees
Corporate social responsibilities on general community
Corporate social responsibilities on environment.
processes
Corporate social responsibilities for outputs
Global sourcing of inputs(v.)=
Overseas manufacture(n.)=
Global outsourcing(v.)=
-Improving quality
-Quality control(n.)=
-Quality assurance(n.)=
-Total Quality Management(n.)=
In global sourcing of inputs {{as a business opportunity}don’t need to include this}(n.), what inputs are being sourced.
Internationally sourcing inputs are sourced
In Overseas manufacture {{as a business opportunity}don’t need to include this}(n.), what process are undertaken in different countries.
All manufacturing takes part overseas
-Business has full control of this activity overseas
Things to pair with(second part of answer)=
-q4)4D)
Implementing overseas manufacturing may provide a business with greater access to global markets, allowing it to swiftly enter these markets and become a global competitor. This can consequently increase a business’s brand recognition and improve its future performance.
In Global outsourcing {{as a business opportunity}don’t need to include this}(n.), what activity is outsourced to other companies.
-Part or all manufacture takes place overseas
-Business normally gives other companies business activities to part take in that is necessary for the business to fulfil.
Innovation(n.) effect on KPI’s=
Number of sales
Net profit figures
Percentage of market share
Rates if staff absenteeism
Level of staff turnover
Number of customer complaints
Number of website hits
Rate of productivity growth
Level of wastage
Number of workplace accidents
Number of sales
Net profit figures
Percentage of market share
Rates if staff absenteeism
Level of staff turnover
Number of customer complaints
Number of website hits
Rate of productivity growth
Level of wastage
Number of workplace accidents
Global sourcing of inputs as a business opportunity(n.) effect on KPI’s=
Net profit figures
Number of sales
Percentage or market share
Number of customer complaints
Number of website hits
Net profit figures
Number of sales
Percentage or market share
Number of customer complaints
Number of website hits
Overseas manufacture as a business opportunity(n.) effect on KPI’s=
Net profit figures
Number of sales
Percentage or market share
Number of customer complaints
number of workplace accidents
Rate of productivity growth
Net profit figures
Number of sales
Percentage or market share
Number of customer complaints
number of workplace accidents
Rate of productivity growth
global outsourcing as a business opportunity(n.) effect on KPI’s=
Net profit figures
number of sales
Percentage of market share
Rates of staff absenteeism
Rate of productivity growth
Level of wastage
number of customer complaints
Net profit figures
number of sales
Percentage of market share
Rates of staff absenteeism
Rate of productivity growth
Level of wastage
number of customer complaints
