What Factors Contribute to Operational Complexity?
Globalization: Operating in multiple countries introduces challenges such as varying regulations, cultural differences, and diverse market needs. Technological Advancements: Rapid technological changes require businesses to continually adapt and integrate new systems. Product Diversity: Offering a wide range of products or services increases the complexity of managing inventory, production, and distribution. Supply Chain Dynamics: Complex supply chains with multiple tiers of suppliers and logistics partners add layers of complexity to operations. Customer Expectations: Increasing demands for customization, faster delivery times, and high-quality products/services heighten operational complexity.