International Operations Management Flashcards

International Operations Management Flashcards
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Globalization: Impact on Distribution Facilities

These facilities must be placed carefully to serve customers and to receive shipments from international locations. Using network tools to do this can lower costs for transportation.

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Global Supply Chain Management: Disadvantages

Adopting this process can cause a company's quality to drop. It can also lead to less reliability and issues with security for intellectual property.

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Decentralized Distribution Model

A distribution model that works with multiple centers for distribution, making it easier function in the global market. This model can lower your transportation costs.

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Centralized Distribution Model

This distribution model features one major location that handles inbound and outbound messages. This location offers services to a lot of markets.

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Foreign Markets: Paperwork Barriers

This challenge involves filling out a large number of forms to operate in a foreign market. This may be the largest problem when trading with countries that have the same language.

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Foreign Markets: Language Barriers

This problem is the result of conducting business with people who do not share a common way to communication, which makes the business process much harder.

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Foreign Markets: Regulatory Barriers

Business face these barriers when they have to obey different laws or guidelines to sell products or services in a foreign market. This may include paying different fees.

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Foreign Markets: Cultural Barriers

These challenges are related to customs that differ from one area of the world to another. Differences in religious practices would be an example of this.

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16 cards in set

Flashcard Content Overview

Working with this set of flashcards can give you the opportunity to review logistical channels used in business. You can focus on globalization along with domestic and international business environments. Centralized and decentralized business models will also be reviewed. Furthermore, you can go over the various challenges to international business associated with culture, language, regulations, and paperwork.

Front
Back
Foreign Markets: Cultural Barriers

These challenges are related to customs that differ from one area of the world to another. Differences in religious practices would be an example of this.

Foreign Markets: Regulatory Barriers

Business face these barriers when they have to obey different laws or guidelines to sell products or services in a foreign market. This may include paying different fees.

Foreign Markets: Language Barriers

This problem is the result of conducting business with people who do not share a common way to communication, which makes the business process much harder.

Foreign Markets: Paperwork Barriers

This challenge involves filling out a large number of forms to operate in a foreign market. This may be the largest problem when trading with countries that have the same language.

Centralized Distribution Model

This distribution model features one major location that handles inbound and outbound messages. This location offers services to a lot of markets.

Decentralized Distribution Model

A distribution model that works with multiple centers for distribution, making it easier function in the global market. This model can lower your transportation costs.

Global Supply Chain Management: Disadvantages

Adopting this process can cause a company's quality to drop. It can also lead to less reliability and issues with security for intellectual property.

Globalization: Impact on Distribution Facilities

These facilities must be placed carefully to serve customers and to receive shipments from international locations. Using network tools to do this can lower costs for transportation.

Domestic Environment

The home country of a business or where they have their headquarters. This is also referred to as the company's base country.

International Environment

This environment is made up of factors that impact both the foreign and domestic market of a business. This is especially important to consider when selling goods in another country.

Intermediary

A company that provides specific services for other companies, such as storing products, fulfilling orders, or distributing goods.

Logistics

You plan, implement, and control how things get from their point of origin to your customers with this process. It involves controlling inventory, packaging, forecasting demand, and procuring supplies.

Logistics: Transaction Channel

This logistical channel is concerned with how goods are bought and sold. It also deals with collecting payments from customers.

Logistics: Distribution Channel

The channel of logistics that focuses on physically delivering goods or resources from one place to another.

Logistics: Documentation / Communication Channel

You work in this logistical channel when managing information such as commercial shipping documents, business contracts, and inventory control.

International Logistics

This process of applying logistical skills across different countries requires additional work and you may need help from locals to manage new laws and unfamiliar customs.

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