Exam 13: Global Operations and Supply-Chain Management

When the firm has been buying goods and services from suppliers, and then decides to make these goods and services in-house, it is called _____.

The three major considerations for deciding the location of production facilities for products are: does the product serve the needs of all customers around the world, proximity to market and proximity to suppliers, and the effect on product's image being produced in that location.

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?

When the goods dominate the value of a product, it is typically called a manufacturing system.

Software packages designed to integrate the majority of a firm's business processes, execute all transactions related to the firm's business processes being integrated, store each piece of data only once in an enterprise-wide database, allow access to data and information in real time, and operate in a client-server environment, traditional or web-based are called enterprise resource planning systems.

__________ occurs when the firm doing the outsourcing and the supplier that will provide the outsourced goods and services are located in the same country.

When a firm has been making goods and services in-house, and then decides to buy these goods and services from suppliers is referred to as insourcing.

__________ refers to 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.

Of the following, which is NOT a disadvantage of global procurement?

Materials used to produce components are called __________.

All activities performed typically by business organizations such as suppliers, manufacturers, distributors, and retailer that involve the flow and transformation of goods and services is referred to as a supply chain.

______ refers to the management of the direct resources that are involved in the production system of a business organization.

Of the following, which is NOT a consideration for the one-versus-many production facilities decision?

__________ occurs when a firm has been making goods and services in-house, and then decides to buy these goods and services from suppliers.

Products can be conceptualized as being integrated by several goods and services called __________.

Goods and services that integrate a product are called _____.

A ______ is a system that businesses use to create the goods and services, or to produce the products.

__________ occurs when a firm has production facilities in more than one country.

Which of these is responsible for the movement of materials in the production process?

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?