Exam 13: Global Operations and Supply-Chain Management

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

Most of the activities in operations management can be grouped into the following business functions EXCEPT:

The activities in operations management can be grouped into four business functions: procurement, production, logistics, and research and development.

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

Determining in the production system which components and raw materials should be produced in-house, and which components and raw materials should be acquired from suppliers; also called the sourcing decision is referred to as __________.

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.

Inputs such as aluminum, titanium, glass, engines, machines, engineers, and workers are all examples of raw materials.

__________ refers to a property of ERP systems to simultaneously operate in multiple languages.

__________ occurs when a firm buys components and raw materials globally.

The practice of producing the components and raw materials in-house and from suppliers is referred to as supply-chain malfunction.

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

__________ refers to a property of ERP systems to handle multiple currencies.

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

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 acknowledges the importance of its supply chain. It knows that the company's operations would not be as successful if the supply chain was less effective. Which one of the following is not related to a company's supply chain and its functions?

Of the following, which is NOT an advantage of making?

Microchips and jewelry are examples of goods with

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

The management of all activities in the supply chain, in order to minimize the total cost of the supply chain, and to maximize the value of the product to the end user is known as _____.

Ford's ERP system follows the American accounting standards in its U.S. subsidiaries, and follows the Mexican accounting standards in its Mexico subsidiaries. This ERP system is _____.

When the goods dominate the value of the product, the production system is typically called a ________.