Flashcards in Operational Stratergies Deck (13)
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1
What are trade barriers?
Tariffs (taxes) quotas etc limitations on free movement of goods
2
Offshoring?
Relocation of a business process to another country
3
Economies of scale?
Fall in cost as production increases
4
Internal influences?(3)
External influences?3)
Nature of product,HR issues,finance available
Market,competitors,consumers
5
Labour and capital productivity equations?
Output/employees
Output/capital employed
6
Economies of scale good things
Bigger business-
More machinery
Better access to finance
Lower cost of marketing per unit
Hire specialists increase efficiency
Better infrastructure
Better supply of labour
Better supplier networks
7
Diseconomies of scale how?
Lack motivation
Poor communications
Alignment to vision
8
What is innovation?
Why innovate?(6)
Introduction of a new product or service into a market for commercial gain
First mover advantage
Creating new markets
Competitive advantage
Shorter product life cycles
Efficiency
Motivation
9
Kaizen
What's cut?
What does it focus on?
What's loweredv?
Lean production the technique which aims to improve efficiency by making small but frequent improvements
Lead times
Customer needs
Waste and damage
10
Critical activities
Float time
Non critical
Can't be delayed
Time non critical can be delayed
Can be delayed
11
Critical path analysis
Network
Planning to find most efficient way
Visual diagram
12
What's lead time?
Time between order to delivery
13
