Exam 13: Global Operations and Supply-Chain Management

When the demand is equal or lower than the minimum efficient scale, multiple production facility locations are preferred.

Scenario - Ardella Enterprises Twenty years ago two people from New Jersey, USA had a dream of building a superior company that would have global operations with an unparalleled supply chain.  The idea took root and Ardella Enterprises was born.  This company conducts operations across four continents.  It has earned a reputation for prompt deliveries, accurate shipments, and exemplary customer service.  This partnership is quickly taking the lead in the industry and is contemplating further expansion. Ardella Enterprises grossed over $11 billion last year.  Its plan for additional expansion and growing Internet influence is projected to increase sales by two billion dollars within the first year. Ardella Enterprises is renowned for its operations management otherwise described as the management of the direct resources involved in the production system of the company.  Which one of the following would not be considered a business function associated with the activities of operations management?    

A production system in which services dominate the value of the product is known as a(n)_____ system.

The property of ERP systems to handle the accounting standards of multiple countries is called the multi-currency property.

__________ refers to all activities associated with the flow and transformation of goods and services from the raw material stage to the end user, together with the corresponding flows of monetary funds and information.

Which of these is responsible for the transformations required by the production process?

Identify the advantages and disadvantages of making components and raw materials in-house.

Of the following, which is NOT an advantage of global procurement?

Determining which components and raw materials should be produced in-house and which components and raw materials should be acquired from suppliers is known as the _____ decision.

The production systems of Honda Motor Company, the Boeing Company, and Toshiba Corporation, would be called _____ systems.

__________ occurs when components and raw materials are produced in-house and purchased from suppliers.

When considering the one-versus-many location for production facilities for components and raw materials some of the most important considerations are: fixed costs, minimum efficient scale and its comparison to demand, and the value-to-weight ratio.

Most of the activities in operations management can be grouped into ____ business functions.

Of the following, which is NOT a disadvantage of making?

ERP systems aim to

When the firm doing the outsourcing and the supplier that will provide the outsourced goods and services are located in the same country, it is called _____.

Scenario - Jenkins and Jones Corporation Michael Jenkins and Emma Jones started the Jenkins and Jones Corporation in 1976 in Kansas, USA.  The initial goal of this company was to serve customers throughout the United States.  Since the company's inception it has grown at an outstanding rate.  It now serves online customers as well as customers in ten foreign nations.  Jenkins and Jones is now looked at as the industry's benchmark company due to its superior supply chain management skills.  Its practices and techniques are used by many other organizations in the industry to improve their own supply chain management skills. If Jenkins and Jones would decide to maintain its product production on a domestic basis, there would be certain advantages the company could expect from making this decision.  Which one of the following would not be considered an advantage of domestic production?

Collections of computer hardware and software arranged to transmit information from one place to another are known as _____.

Steps in the production process are called _____.

______ is responsible for the acquisition of goods and services in the production process.