U3: AOS3 (Corporate Social Responsibility + Global Issues) Flashcards
What are some Socially Responsible practices in the Inputs section of an Operations system?
- Choosing ethical/sustainable suppliers
- Using sustainable inputs (green energy, recyclable materials)
What are some Socially Responsible practices in the Processing section of an Operations system?
- Waste minimisation
- Use of environmentally friendly practices (green energy)
- Retain processing in Australia (help economy/workers)
- Ethical treatment of employees (paid well, not exploited, safe work)
What are some Socially Responsible practices in the Outputs section of an Operations system?
- Producing quality products for customers
- Producing non-harmful products
- Honest marketing (non-deceptive)
- Recyclable/biodegradable packaging
What is a Supply Chain?
The system of organisations and people involved in moving a product/service from suppliers to manufacturers and then to customers.
What is Global Sourcing of Inputs?
Selection/use of suppliers from international locations.
What is Overseas Manufacturing?
Conducting part or the entirety of a businesses’ production system in an international location.
What is Global Outsourcing?
When a business contracts another overseas business to perform some of its roles/functions (eg. call centres)
1) 2 advantages of Global Outsourcing
2) 2 disadvantages of Global Outsourcing
1)
- Cheaper labour costs
- Jobs/economic opportunity provided for disadvantaged countries
2)
- Loss of Australian jobs
- Language/culture barriers
1) 2 advantages of Global Manufacturing
2) 2 disadvantages of Global Manufacturing
1)
- Cheaper labour costs
- Large pool of employees = more products made
2)
- Loss of domestic jobs
- Delivery/supply times longer
1) 2 advantages of Global Sourcing of Inputs
2) 2 disadvantages of Global Sourcing of Inputs
1)
- Access to niche raw materials
- Materials are cheaper
2)
- Suppliers can be unethical
- Tariffs/taxes can make costs expensive