Report Essay Example | Topics and Well Written Essays - 1000 words - 5

Report - Essay Example92). The mannikin and layout of the plant, administration of the processes of production and selection, repair and replacement of tools and equipments lie under tactical issues. Operation activities include the work of production, management of inventories, witness and regulation of quality standards and implementation of management policies. In the operation management, there be a number of emerging functions from different dimensions. The functions include orbiculateization of the dimension of productivity and completion simulated military operation and e-procurement for the supply of resources and materials. Globalization is movement of people, services and goods across different nations in the world without restrictions. The across fence movement is conducted in an integrated and flawless way (Shim & Siegel, 2009, Pg. 55). It is as a result of opening up the world-wide economy and the associated increase of trade relations among nations and regions. Globalization leave alone make countries to go global hence increase the integrations of the worlds economy. ... 92). Use of internet in the modern has been incorporated in almost all sectors whereby the sector of business in not left behind. It is a crucial cistron in business to business sites commonly referred to as B2B sites. In the B2B sites, users who are registered eligible find clients who necessity to buy or sell products and services. Depending on the preference and approach that may be used by the clients prices of goods and services can be specified and sometimes negotiation can be done (Kumar & Suresh, 2009, Pg. 130). The parcel of e-procurement automates the transactions of buying and selling over the internet. This function will enable companies to effectively and efficiently control the inventories, minimize the number of purchasing personnel and more significantly improve the processes of manufacturing. In the future, the function of e-procurement is expect to b e incorporated with the computerized supply chain management (Shim & Siegel, 2009, pg. 65). Since in the coming years globalization will be more than it is now, it is vital for companies and organizations to prepare for the future globalization due to the challenges that may be incidental (Galloway, 2010, Pg. 105). To be on a secure side a country must take discreetness and diverse considerations before making a move of implementing any type of venture in globalization. one(a) of the practical concerns that need attention is currency (Homann, 2009, Pg. 150). The currency that is dominating in the world today is the Euro and the US dollar. In addition to that, there are more than 200 currencies which are used in global business transactions. Companies venturing into globalization must be aware of the costs involved in the exchange of strange currencies and the challenges which are