Operations, Influences Flashcards

1
Q

Technology

A

The design, construction and/or application of innovative devices, methods and machinery upon operations processes.

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2
Q

Administrative level (Technology)

A

Assist with organisation, planning and decision making and are in control of operational processes.

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3
Q

Processing level (Technology)

A

Used in manufacturing, logistics and distribution, quality management, all aspects of inventory management, supply chain management and sourcing.

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4
Q

Impact of globalisation (Technology)

A

Access to global markets: Service based businesses are able to penetrate the global markets with distribution of information.
Access to technology: Businesses can access technology not available in their own country.

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5
Q

Technological change impact (Technology)

A

Changes in production: development of new methods of production or new equipment that helps and business perform functions.
Operations manager must be aware: heavy reliance to be aware of new technology.
Influence on decisions made: weigh up the costs against the expected benefits.

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6
Q

Computer Aided Design (Technology)

A

Technology that allows architects, designers and engineers to draw and adjust designs using a computer.

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7
Q

Computer Aided Manufacturing (Technology)

A

Technology that directly links the design process to the manufacturing process using computers.

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8
Q

Benefits of CAD (Technology)

A

Designs can be created based on specifications or special conditions, clients can make comments and allow engineers to further customise the product, designs are able to be manipulated and changed.

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9
Q

Benefits of CAM (Technology)

A

Greater efficiency, fewer errors and fewer staff, greater precision in calculations.

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10
Q

Customers Quality Expectations

A

Refers to the change in consumers preferences to improve or alter quality.

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11
Q

Quality standards (CQE)

A

Goods: Quality of design, fitness for purpose, durability.
Services: Professionalism, reliability, customisation.

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12
Q

Impact on operations (CQE)

A

If a product doesn’t meet the desired standards a business’s reputation will suffer. Operations must be organised to maximise customer satisfaction. Must follow particular standards.

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13
Q

Impact on businesses (CQE)

A

To fulfil expectations businesses must produce a goof with the features, design and quality that customers want.

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14
Q

Globalisation

A

The development of a world economy with increased flow of goods and services, people, money and information.

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15
Q

Opportunities of Globalisation

A

Provides a source of market opportunities, and an increased flow of goods, services, people and information.

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16
Q

Threat of Globalisation

A

Businesses (competition) that apply cost leadership principles can undercut the market and dominate.

17
Q

Sourcing of Inputs (Globalisation)

A

The practice of sourcing from the global market for goods and services across geopolitical boundaries.

18
Q

Location of Manufacturing (Globalisation)

A

Establish a global network of production sites/manufacturing facilities or a network of suppliers a business has chosen (global web).

19
Q

Need for Innovation (Globalisation)

A

Increases competition and also gives the business access to a wider range of consumers.

20
Q

Emergence of global consumers (Globalisation)

A

Globalisation enables higher incomes, opens up new markets and operations may need to change features, design, quality or information to suit new markets.

21
Q

Imitation (Globalisation)

A

When a product is taken apart to see how it is made. Imitating businesses than try to replicate the product and sells the new product at a lower price.

22
Q

Innovation (Globalisation)

A

Businesses leading the market have to differentiate products and make them new in the market.

23
Q

Other Factors (Globalisation)

A

Different currencies, different cultures, trade agreements.