Flashcards in Operational Stratergies Deck (13)
What are trade barriers?
Tariffs (taxes) quotas etc limitations on free movement of goods
Relocation of a business process to another country
Economies of scale?
Fall in cost as production increases
Nature of product,HR issues,finance available
Labour and capital productivity equations?
Economies of scale good things
Better access to finance
Lower cost of marketing per unit
Hire specialists increase efficiency
Better supply of labour
Better supplier networks
Diseconomies of scale how?
Alignment to vision
What is innovation?
Introduction of a new product or service into a market for commercial gain
First mover advantage
Creating new markets
Shorter product life cycles
What does it focus on?
Lean production the technique which aims to improve efficiency by making small but frequent improvements
Waste and damage
Can't be delayed
Time non critical can be delayed
Can be delayed
Critical path analysis
Planning to find most efficient way
What's lead time?
Time between order to delivery