Global Considerations in Operations Management Flashcards
(3 cards)
1
Q
Global Sourcing of Inputs
A
Buying raw materials from overseas.
Advantages: Lower cost, better access.
Disadvantages: Delays, ethical concerns, quality control.
2
Q
Overseas Manufacture
A
Making products in other countries.
Advantages: Cheaper labour, proximity to materials.
Disadvantages: Job loss locally, delivery risks.
3
Q
Global Outsourcing
A
Hiring an external business overseas to complete tasks.
Advantages: Specialised skills, lower costs.
Disadvantages: Less control, communication issues.
