INTB 3354 Chapter 15: Global Operations + Supply Chain Management
Outsourcing
Hiring other's to perform some of the noncore activities and decision making in a company's value chain, rather than having the company and and its employees continue to perform those activities
Supply chain management
The process of coordinating and integrating the flow of materials, information, finances, and services within and among companies in the value chain from the suppliers to the ultimate consumer
Offshoring
Relocating some or all of a business's activities or processes to a foreign location
Standards
Documented agreements containing technical specifications or other precise criteria that will be used consistently as guidelines, rules, or definitions of the characteristics of a product, process, or service
Manufacturing rationalization
Division of production among a number of production units, thus, enabling each to produce only a limited number of components for all of a firm's assembly plants
Backward vertical integration
Arrangement in which facilities are establishing to manufacture inputs used in the production of a firm's final products
Intermediate technology
Production methods between capital-and-labor intensive methods