Business Management HL
Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management
Unit 1 - Introduction To Business Management
Unit 2 - Human Resource Management
Unit 2 - Human Resource Management
Unit 3 - Finance & accounts
Unit 3 - Finance & accounts
Unit 4 - Marketing
Unit 4 - Marketing
Unit 5 - Operations management
Unit 5 - Operations management
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 5 - Operations management
Business Management HL
Business Management HL

Unit 5 - Operations management

Unlock The Secrets Of An Efficient Supply Chain Go From Local To Global

Word Count Emoji
620 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 14th Jun 2024

Table of content

Supply chain ๐Ÿšš

Imagine making your favorite morning orange juice! The journey of the orange from the tree to your glass involves many steps, including:

  • Organizations: The farmers who grow oranges and the factory where juice is made.
  • Information: The factory ordering the exact number of oranges needed.
  • Resources: The actual oranges and any other ingredients.
  • Activities: Picking the oranges, juicing them, and getting that juice to your fridge.

This entire journey is called a supply chain.

Two main flows in a supply chain ๐ŸŒŠ

  • Product Flow: From raw material (our juicy orange on a tree) to finished product (the refreshing OJ in your glass).
  • Information Flow: For example, when the juice factory tells the farmer how many oranges they need.

Two dimensions of supply chain ๐Ÿ”„

  • Logistics: Think of it as the 'hardware' - the trucks bringing oranges to the factory, the bottles holding your juice.

    • Real World Example: When you see trucks on highways carrying goods, that's logistics in action!
  • Information & Communication: The 'software' side - the systems that track the number of oranges needed, or how much juice is sold.

    • Real World Example: The scan at the supermarket that tracks your juice bottle is part of this!

Local vs. global supply chains ๐ŸŒ

  • Local Supply Chain

    • Everything happens close to home.
    • Benefits: Fresher goods (imagine getting an orange that was on a tree just yesterday!), less pollution, better for local businesses.
    • Real World Example: Farmers' markets where you get fresh veggies and fruits directly from the growers.
  • Global Supply Chain

    • Goods travel across continents!
    • It might not be as sustainable (imagine oranges traveling 1000s of miles before reaching you), but there's variety and it's profitable.
    • Real World Example: Enjoying a mango in winter, which is imported from a country where it's summer!

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IB Resources
Unit 5 - Operations management
Business Management HL
Business Management HL

Unit 5 - Operations management

Unlock The Secrets Of An Efficient Supply Chain Go From Local To Global

Word Count Emoji
620 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 14th Jun 2024

Table of content

Supply chain ๐Ÿšš

Imagine making your favorite morning orange juice! The journey of the orange from the tree to your glass involves many steps, including:

  • Organizations: The farmers who grow oranges and the factory where juice is made.
  • Information: The factory ordering the exact number of oranges needed.
  • Resources: The actual oranges and any other ingredients.
  • Activities: Picking the oranges, juicing them, and getting that juice to your fridge.

This entire journey is called a supply chain.

Two main flows in a supply chain ๐ŸŒŠ

  • Product Flow: From raw material (our juicy orange on a tree) to finished product (the refreshing OJ in your glass).
  • Information Flow: For example, when the juice factory tells the farmer how many oranges they need.

Two dimensions of supply chain ๐Ÿ”„

  • Logistics: Think of it as the 'hardware' - the trucks bringing oranges to the factory, the bottles holding your juice.

    • Real World Example: When you see trucks on highways carrying goods, that's logistics in action!
  • Information & Communication: The 'software' side - the systems that track the number of oranges needed, or how much juice is sold.

    • Real World Example: The scan at the supermarket that tracks your juice bottle is part of this!

Local vs. global supply chains ๐ŸŒ

  • Local Supply Chain

    • Everything happens close to home.
    • Benefits: Fresher goods (imagine getting an orange that was on a tree just yesterday!), less pollution, better for local businesses.
    • Real World Example: Farmers' markets where you get fresh veggies and fruits directly from the growers.
  • Global Supply Chain

    • Goods travel across continents!
    • It might not be as sustainable (imagine oranges traveling 1000s of miles before reaching you), but there's variety and it's profitable.
    • Real World Example: Enjoying a mango in winter, which is imported from a country where it's summer!

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 ๐ŸŒŸ