operations strategies

Question 1

9 strategies

Answer 1

• performance objectives
• supply chain management
• outsourcing
• technology
• inventory management
• quality management
• resistance to change
• global factors

Question 2

performance objectives

Answer 2

• speed
• quality
• dependability
• flexibility
• customisation
• cost

Question 3

supply chain management

Answer 3

controlling the flow of supplies through the operations process, vital to know lead time
- time it takes between the request for goods until their delivery to customers

global sourcing

• business buys goods and services from international markets, across geopolitical boundaries
• save money by using cheep materials or labour from low cost countries

e-commerce
- buying and selling online

logistics

• transport of physical raw materials
• input distribution and storage
• warehousing and distribution centres

Question 4

outsourcing

Answer 4

contracting out a non business core activity

• access to specialised knowledge
• better technologies
• reliant on another business
• slower response to changes in the market