Industrial Areas: Key Concepts and Definitions
Item 7. Industrial Areas
Relocation
Relocation is when a company moves all or part of its production and services to other countries or less developed regions to obtain greater benefits, consequently closing workplaces in the country of origin. Typically, marketing and R&D departments remain in their home countries.
Power Source
Power sources are the natural resources from which useful energy can be obtained for various applications.
Alternative or Renewable Energies
These are related to natural
Read MoreSpain’s Industrial Transformation: 1985-Present
Spanish Industry Today
Industrial Recovery 1985-2007
Spain’s integration into the European Community and the progressive adoption of European changes of the 3rd Industrial Revolution.
EU Incorporation: Challenges:
- Integration into a highly competitive market.
- Adoption of EU industry standards.
Advantages:
- Increased market for Spanish products.
- Elimination of tariffs.
- Access to innovations and best practices.
- Entry of foreign capital.
The Changes of the Third Industrial Revolution
Innovation: Applying scientific
Read MoreAudit Procedures and Financial Statement Examination
Audit Procedures: Key Concepts and Definitions
- Serving Files: File Ongoing or Permanent Audit? Subsequent audit support and help avoid duplication of *cedulas* (audit working papers) and evaluate.
- Organic Structure: Does it serve our current job roles? Be a test of opinion in the report, back it up, and determine the efficiency of the work.
- Primary Cedula: The one that contains information in aggregate form: figures, procedures, and observations/conclusions for a group or number.
- Concept of Analytical
Strategic Planning: Principles, Types, and Process
Strategic Planning
Planning bridges the gap between where we are and where we want to be. It makes possible things that otherwise would not have happened. While some things may happen by chance, planning involves:
- A process requiring intellectual effort.
- Consciously determining courses of action.
- Basing decisions on goals, knowledge, and well-studied estimates.
Basic Principles of Planning
- Contribution to Objectives: Supporting the achievement of company objectives.
- Primacy of Planning: Planning precedes
Optimizing Internal Logistics and Lean Manufacturing
Technical Services Classification
A. Special
- Materials processing
- Supply and treatment of industrial waters
- Maintenance
B.
- Air-conditioning
- Fire-prevention service
- Lighting
- Social services (health and safety, cleanliness and hygiene, professional training, canteen)
Internal Transportation Analysis: Main Objective
To limit costs through:
- Less product to handle
- Shorter routes (considering layout concepts)
- Better use of spaces
- Productivity increase
- Waste reduction:
- A reduction of damages during transportation
- An increased
Production and Operations Management Essentials
Production and Operations Management (OM)
Production is the creation of goods and services. Operations Management (OM) is the set of activities that create value in the form of goods and services by transforming inputs into outputs.
Essential Functions of Organizations
To produce goods and services, organizations typically perform three essential functions:
- Marketing: Creates demand.
- Production/Operations: Creates the product.
- Finance/Accounting: Tracks organizational performance, pays bills, and collects