Assess strategies that management may use to respond to influences on operations. - HSC - SSCE Business Studies - Question 27 - 2013 - Paper 1

Introducing new products or services can help management respond to market trends and consumer preferences. Through market research and consumer feedback, companies can design offerings that align more closely with customer expectations.

Efficient supply chain management is crucial for operations. By employing logistics optimization and e-commerce strategies, management can ensure timely delivery of products and services. Additionally, global sourcing can reduce costs and increase the quality of inputs.

Management may consider outsourcing certain functions to enhance operational efficiency. However, it is important to weigh the advantages against potential disadvantages, such as loss of control over certain processes.

Adopting new technologies can significantly improve operations. Management should assess whether to implement leading-edge technologies, which may provide a competitive advantage, or stick to established solutions that offer reliability.

Effective inventory management helps balance stock levels to avoid overstock and stockouts. Implementing just-in-time (JIT) inventory systems can allow management to respond quickly to operational influences.

Managing human resources effectively is critical. This includes controlling staff turnover, providing redundancy payments where necessary, retraining employees, and reorganizing plant layouts to enhance productivity.

Management must also consider global influences such as sourcing strategies and the benefits of economies of scale. Ongoing scanning of trends, along with investment in research and development, can equip management to better adapt to changing conditions.