Operations Management (VCE SSCE Business Management): Flashcards

Network moving products from suppliers to consumers

Meeting customer demand efficiently by coordinating material flow

Plan, Procure, Manufacture, Logistics, Returns

Procuring inputs from overseas suppliers

Cheaper inputs, reduced labour costs, employment creation

Relocating production stages to overseas locations

Poor IP law enforcement in some countries

Contracting operations to third-party businesses overseas

Access to expertise, reduced hiring/training, focus on core tasks

90%