Operations Management-location and logistics Flashcards
1
Q
What are the factors influencing the location of industry?
A
Type of market+significance of costs Type of business+its product/service Cost of labour Cost of site Infrastructure Degree of competition Location of consumers Gov incentives Planning regulations Globalisation Special requirements
2
Q
What is logistics?
A
Supply chain management-integration of the procurement of supplies, production, warehousing and transporting goods
3
Q
What are the key factors affecting logistics?
A
Warehousing
Transportation
Customer requirements
Info systems
4
Q
Define outsourcing
A
Strategic use of outside parties to perform activities traditionally handled by internal staff+resources
5
Q
Define subcontracting
A
Production of particular product/service-usually occurs where a project possess the skills and capabilities to undertake the whole task
6
Q
Define offshoring
A
Relocation of a businesses manufacturing processes overseas
7
Q
Define reshoring
A
Returning of production back to the companies original country
