Unit 3 AOS 3

Question 1

Define Operations Management

Answer 1

Area of management that is concerned with the activities used to produced g&s, responsible for transforming inputs into outputs

Question 2

Lean Management (KKP 8)

Answer 2

Approach that improves the efficiency & effectivness of operations by eliminating waste & improving quality

Question 3

Overseas manufacture

Answer 3

The production of a good in a country that is different to the location of the business’s headquarters

Allow business to:
- Reduce cost of production
- Reduce delivery costs
- Reduce labour, overhead & component costs

Disadvantages:
- Hiddden costs
- Exposure to tisk
- Transporation (negative on enviroment)
- Local job losses

Global Outsourcing
The contracting of a specific business operation to an external person or business in another country