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Chapter 2

Chapter 2 - Operations Management

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Department
Commerce
Course
COMMERCE 4OB3
Professor
Fouzia Baki
Semester
Winter

Description
Management Operations 3QC3 Jan 19, 2014 Chapter 2: Operations Strategy in a Global Environment A Global View of Operations Today’s OM’s must have a global view of operations strategy.  Organizations are hastily extending their operations globally with innovative strategies,  due to globalization. 6 reasons why domestic business operations decide to change to some form of  international operation: 1. Reduce costs • Maquiladoras: Mexican factories located along the US­Mexico border  that receive preferential tariff treatment. • World Trade Organization (WTO): An international organization that  promotes world trade by lowering barriers to the free flow of goods across  borders. • North American Free Trade Agreement (NAFTA): A free trade  agreement between Canada, Mexico, and the US. • European Union: A European trade group that has 27 member states. 2. Improve the supply chain 3. Provide better goods and services 4. Understand markets 5. Learn to improve operations 6. Attract and retain global talent Reshoring: LightSaver Used to outsource to China, but has moved back to the states in California. Companies  are finding it cheaper to produce domestically and better, because they can walk
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