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Operation Notes

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Current year 12 student using own business studies notes. in depth case studies and definitions for operations topic

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16 Pages Partial Study Notes 1-2 Years old
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Operation Notes
Topics this document covers:
Economy Business Management Distribution Manufacturing Supply chain management Production economics Business process Operations management Competitive advantage Inventory Supply chain
This is a Partial Set of Study Notes

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Topics this document covers:
Economy Business Management Distribution Manufacturing Supply chain management Production economics Business process Operations management Competitive advantage Inventory Supply chain
Sample Text:
Focuses on being efficient and effective. • Strategic role: focuses on decisions and the plans for achieving goals that need to be made in the long term. • Two strategies used to gain and maintain competitive advantage: 1. Cost leadership: ⇒ Where a business has the lowest cost of operation compared to its competitors ⇒ Achieved through being efficient – using least amount of inputs to produce sufficient outputs ⇒ If a business is able to achieve cost leadership and sustain it over the long term and is also able to sell products at prices at or near industry average, then it would be an above average performer with sales and profits. 2. Goods/Service Di...
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