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Match the global considerations to their definitions

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Global sourcing
Overseas (foreign) manufacture
Global outsourcing
Supply chain management

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the contracting out of a business process and non-core functions to another business
the production of a good in a country external from the business' headquarters
managing the movement and storage of materials, work-in-progress inventory, and finished goods from point of origin to point of consumption, and dealing with suppliers
purchasing resources from external countries in pursuit of cheaper prices and better quality

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Manufacturing businesses

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produce tangible goods, they can be stored; standardised production; production and consumption occur separately; mainly capital intensive; minimal customer contact

produce intangible services, they can't be stored easily; customised production; production and consumption occur simultaneously; mainly labour intensive; high degree of customer contact

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Global outsourcing

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is managing the movement and storage of materials, work-in-progress inventory, and finished goods from point of origin to point of consumption, and dealing with suppliers

involves the contracting out of a business process and non-core functions to another business

is purchasing resources from external countries, seeking cheaper prices and better quality

is the production of a good in a country external from the business' headquarters (it can then be imported for sale)

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Fill in the blanks

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Corporate Social Responsibility (CSR) refers to the

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to go 'above and beyond'

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and act in a responsible and ethical way

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it's impacts on the

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Match the principles of 'lean management' with the correct explanations

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Pull
One piece flow
Takt
Zero defects

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strive for continuous perfection in product quality
processes are synchronised; there is a steady flow and rhythm
production is triggered by customer demand
processes are simplified and uncomplicated; waste is eliminated

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Website development is

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comprised of machinery and equipment arranged in a sequence with components added to the good as it proceeds through each step; the process is controlled by computers

computer software that controls and designs the manufacturing process by feeding instructions to machines and equipment

a computerised design tool/program that allows advanced designs (product possibilities) to be made and edited

a method of manufacturing where the entire production process is controlled by a computer

creating an online web page where customers can gain information about the business and access resources; it can be used to promote the business

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Quality assurance is

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an ongoing, business-wide commitment to excellence applied to every aspect of a business' operations

the use of inspections at various stages of the production process in order to deem products as being either acceptible or not, when compared against pre-determined quality standards

a proactive process where an external body assesses the processes of the business and provides a standard quality certification (eg. ISO 9000) so that the business can achieve set standards in production

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Computer Aided Design (CAD) is

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a method of manufacturing where the entire production process is controlled by a computer

computer software that controls and designs the manufacturing process by feeding instructions to machines and equipment

a computerised design tool/program that allows advanced designs (product possibilities) to be made and edited

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Forecasting is

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developing an itemised list of all materials involved in production to meet specific orders (all materials that on hand and are required)

the analysing of past and present data to determine trends and predict future events (what materials will be required and in what quantities)

a plan that details everything that is involved in the production process - all tasks and requirments (what is required; what is to be produced; who is involved; when, where and how it will occur)

ensuring the exact amount of material inputs will arrive only as they are needed in the production process

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Lean management is

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an approach that improves the efficiency and effectiveness of operations by eliminating waste and improving quality

any resource (material, time, labour etc.) which is discarded after use, is defective, worthless or unusable

a process of reducing the amount of unwanted/unusable resources produced by a business, in an attempt to improve the efficiency and effectiveness of operations

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Match the key elements to their definitions

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Inputs
Processes
Outputs

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are the activities that convert/transform inputs (resources) into outputs (goods/services)
are the resources used in the production process
are the end result of a business' efforts; the good produced or the service delivered

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