Site Selection Process in Operations Management

<p>Inventory levels (D)</p> Signup and view all the answers

<p>Quality workplace environment (A)</p> Signup and view all the answers

<p>Social and political conditions (C)</p> Signup and view all the answers

<p>Just-in-time (D)</p> Signup and view all the answers

<p>Market entry often necessitates location changes. (A)</p> Signup and view all the answers

<p>Any location where operational activities occur (A)</p> Signup and view all the answers

<p>Financial management site (D)</p> Signup and view all the answers

<p>Discover potential interesting locations (D)</p> Signup and view all the answers

<p>Location-dependent profit calculation (A)</p> Signup and view all the answers

<p>High certainty in knowledge leads to confident decisions (B)</p> Signup and view all the answers

<p>Elimination of locations that do not meet minimum criteria (C)</p> Signup and view all the answers

<p>Historical performance of previous sites (B)</p> Signup and view all the answers

<p>Knowledge about the locations (A)</p> Signup and view all the answers

<p>Partnerships in the same industry (B)</p> Signup and view all the answers

<p>Collaborative purchasing with other businesses (A)</p> Signup and view all the answers

<p>Attractiveness of the economic area (C)</p> Signup and view all the answers

<p>Geographical proximity to sales markets (C)</p> Signup and view all the answers

<p>Shared production capabilities for efficiency (C)</p> Signup and view all the answers

<p>It influences operational costs and logistics. (A)</p> Signup and view all the answers

<p>Workforce sharing and joint training activities (D)</p> Signup and view all the answers

<p>Diversity of local wildlife (A)</p> Signup and view all the answers

<p>To simplify the representation of business reality (A)</p> Signup and view all the answers

<p>Market Research (A)</p> Signup and view all the answers

<p>Assessment of performance potential (A)</p> Signup and view all the answers

<p>Applying the measure search grid (C)</p> Signup and view all the answers

<p>The desirability of modernization grids (C)</p> Signup and view all the answers

<p>Decision-makers from all areas of the company (D)</p> Signup and view all the answers

<p>To identify causes of inefficiency (C)</p> Signup and view all the answers

<p>Enhancing technological capabilities (C)</p> Signup and view all the answers

<p>To integrate the business into existing cooperation networks (A)</p> Signup and view all the answers

<p>Planning new sites (B)</p> Signup and view all the answers

<p>Ignorance of quality and productivity requirements (B)</p> Signup and view all the answers

<p>Employee satisfaction (B)</p> Signup and view all the answers

<p>Productivity and production costs (D)</p> Signup and view all the answers

<p>Delivery times of raw materials (D)</p> Signup and view all the answers

<p>Reduced startup costs and time (A)</p> Signup and view all the answers

<p>Performance against the best-performing competitor (D)</p> Signup and view all the answers

<p>Immediate closure of all sites (C)</p> Signup and view all the answers

<p>It should factor in overhead costs for better visualization. (D)</p> Signup and view all the answers

<p>Location-dependent costs and performances cannot be estimated with certainty. (A)</p> Signup and view all the answers

<p>To respond to shifts in demand for their products. (C)</p> Signup and view all the answers

<p>Adjusting production based on market demand. (A)</p> Signup and view all the answers

<p>An increase in the number of workers wanting to work at multiple locations. (C)</p> Signup and view all the answers

<p>Demand patterns may change, impacting transportation decisions. (C)</p> Signup and view all the answers

<p>It can lead to location becoming suboptimal due to unforeseen changes. (B)</p> Signup and view all the answers

<p>It could necessitate the movement of production sites closer to new material locations. (A)</p> Signup and view all the answers

<p>Upgrading existing structures and techniques to enhance operational efficiency. (D)</p> Signup and view all the answers

<p>Company tradition and legacy. (D)</p> Signup and view all the answers

<p>Understanding costs versus benefits to align with strategic goals. (B)</p> Signup and view all the answers

The physical location where a company conducts its operations, including administration, production, warehousing, and sales.

A location dedicated to research and development activities, focusing on innovation and product development.

A location where goods are manufactured, assembled, or processed.

A location where administrative tasks, such as accounting, finance, and human resources, take place.

A location dedicated to storing goods before they are shipped to customers.

A location where goods or services are sold to customers.

The process of choosing the best location for a company's operations, considering factors like cost, accessibility, and market demand.

A multi-step process for selecting a location, starting with identifying potential sites, analyzing costs and benefits, and ultimately choosing the most profitable option.

Costs and performance that vary depending on the chosen location.

Uncertainty in estimating costs and performance at a specific location.

Site selection involves making decisions with incomplete information, requiring careful consideration of potential risks and opportunities.

Using optimistic or pessimistic estimates to analyze different scenarios in site selection.

Analyzing costs within the context of the company's overall goals and strategic direction.

Changes in the product mix offered by a company, impacting production and distribution needs.

Adjusting production capacity based on changes in demand or market conditions.

Updating facilities and equipment to improve efficiency or meet new regulatory requirements.

Combining two or more locations to create a more efficient operation.

Moving a production facility to a new location to reduce costs.

Shifting production to a new location due to political or social factors, such as government policies or social unrest.

Establishing production in a new geographic market to gain access to customers and expand business.

Changing production location to minimize delays and reduce inventory, relying on timely deliveries from suppliers.

Moving a production facility to an area with a more attractive workforce, potentially offering better wages, living conditions, or career opportunities.

The process of selecting a suitable location for a production facility or business operation.

The analysis and consideration of factors that influence the decision of where to locate a production facility.

The act of altering the structure of a company's production locations, potentially involving new facilities, closures, or relocations.

A method for evaluating existing business sites by comparing them to industry benchmarks.

A structured grid used to measure and analyze the performance of a business site across four key areas: technology, organization, human resources, and product design.

A workshop where decision-makers from all areas of a company come together to identify and discuss opportunities for process improvement.

The process of identifying and analyzing the root causes of issues or problems that can be optimized within a business.

A grid used to assess the potential for improvement in different areas of a business, based on the identified causes and effects.

The process of evaluating the potential for improvement based on untapped performance opportunities.

A systematic approach to identifying and implementing changes that can modernize and improve business operations.

A critical step in the site planning process, focusing on identifying and assessing areas for improvement.

The ability to influence location factors through your business activity.

Collaboration between businesses in the same area, sharing resources and expertise.

Benefits of regional cooperation, such as joint purchasing, workforce sharing, and combined training programs.

Joint procurement of goods or services by multiple businesses, often resulting in lower prices.

Sharing employees and resources for training, utilizing the expertise of multiple businesses.

Factors that influence the attractiveness of a location for businesses.

The proximity of a location to markets where goods will be sold.

Access to raw materials, essential for businesses involved in manufacturing.

Evaluating and optimizing existing sites can help businesses identify opportunities to improve efficiency, reduce costs, and enhance competitiveness.

A systematic approach to compare a company's performance with that of its best competitor, assessing factors like productivity, production costs, lead times, innovation, flexibility, and product quality.

A new company needs to carefully select a location for its operations, taking into account factors like cost, accessibility, and proximity to customers and suppliers.

When a company needs to expand its capacity, it must decide if it's more efficient to build a new site, retain existing sites, or close existing sites and open new ones.

It's important to factor in the costs of opening a new site, beyond just construction. Delays and unexpected expenses can impact profitability.

A structured system to track and analyze the costs associated with operating a site, ensuring that all costs are accounted for and can be compared across different locations.

Evaluating existing business sites against their potential allows for a more accurate assessment of the company's overall performance and reveals opportunities for improvement.

Connecting a business to existing networks can lead to better collaboration, increased efficiency, and stronger competitive advantages.

Site planning is an ongoing process, and continually evaluating and optimizing sites helps businesses stay competitive and adapt to changing conditions in the market.