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BusMan U3AOS3 - Coggle Diagram
BusMan U3AOS3
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Global considerations
Supply chain management
meeting customer demands for goods and services while making the most efficient use of input resources in production and distribution, movement of resources/finished goods is called logistics
Sourcing inputs globally
labour costs, exchange rates, location of global suppliers, shipping time, environmental impact, economic/political stability
Globalisation
rapid integration of markets beyond national boundaries due to technology, communication, transport, relaxation of trade barriers
Overseas manufacturing
labour costs, sweatshop labour, child labour, niche market, possible interruptions to transport of goods
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Key Elements
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Inputs
resources such as raw materials, labour, plant, equipment, capital, information and time
Manufacturing vs Service
Service
intangible, production and consumption occur simultaneously, difficult to store, high degree of customer contact, labour-intensive
Similarities
use technology, aim to reduce waste, deal with customers, deal with suppliers, aim to produce high quality
Manufacturing
tangible goods, production and consumption occur separately, can be easily stored, minimal customer contact, capital-intensive
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