Chapter 2: Influences on Operations Management Flashcards
Corporate social responsibility \_\_\_\_\_\_\_\_\_ include: • Legal compliance • Ethical responsibility • Environmental sustainability What's missing?
Influences
____________ refers to the removal of barriers of trade between nations
What’s missing?
Globalisation
\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_ includes: • Global web • Global sourcing • Regional operations • Global market What's missing?
Supply chain management
_______ ________ refers to the range of suppliers a business has and the nature of its relationship with these suppliers
What’s missing?
Supply chain
________ _____ refers to the network of suppliers a business has chosen on the basis of lowest overall cost, lowest risk and maximum certainty in quality and timing of suppliers
What’s missing?
Global web
________ ___________ is a process that involves a business taking the product of a competitor that has already been released into the market
What’s missing?
Reverse engineering
_________ is when a business creates an improvement for an already existing product
What’s missing?
Innovation
________ is when a business creates a new product
What’s missing?
Invention
___________ is characterised by an increasing integration between national economies and a high degree of a transfer of capital, labour, intellectual capital and ideas, financial resources and technology
What’s missing?
Globalisation
_________ may be defined as the design, construction and/or application of innovative devices, methods and machinery upon operations processes
What’s missing?
Technology
The 7 main \_\_\_\_\_\_\_\_\_ on operations management include: • Globalisation • Technology • Quality expectations • Cost-based competition • Government policies • Legal regulation • Environmental sustainability What's missing?
Influences
_______ may be understood to be a specific reference to how well designed, made and functional goods are, and the degree of competence with which services are organised and delivered
What’s missing?
Quality
Quality expectations with \_\_\_\_\_\_ include: • Quality of design • Fitness for purpose • Durability What's missing?
Goods
Quality expectations with \_\_\_\_\_\_\_ include: • Professionalism • Reliability • Level of customisation What's missing?
Services
______-________ ___________ is derived from determining break even point and then applying strategies to create cost advantages over competitors
What’s missing?
Cost-based competition