[operations] global factors Flashcards
1
Q
What are they?
A
Global sourcing, economies of scale, scanning and learning and research and development.
2
Q
What is Global Sourcing?
A
Acquiring products from overseas to reduce costs and improve quality.
3
Q
What is economies of scale?
A
The Higher volume a production runs, the lower unit costs of a product.
4
Q
What is Scanning and Learning?
A
Finding out and implementing ideas about operations from overseas. Increase in competition.
5
Q
What is Research and Development?
A
A systematic process which comes up new methods of Conducting Operations, creating new products and new production processes, vital for business innovation.
