Exam 17: Global Manufacturing and Supply Chain Management

An element of total quality management (TQM)that focuses on continuous improvement by identifying problems and enlisting employees to help eliminate them is known as ________.

Why are the concepts of dependability and quality important when developing a global manufacturing strategy?

A comprehensive supply chain strategy should include good inventory management.

What is a just-in-time inventory system? What are the implications of JIT for firms that use global sourcing?

A kanban system is best described as a system that ________.

Foreign trade zones (FTZs)can be either general-purpose zones or subzones.

The Japanese approach to quality is total quality management (TQM),which stresses which of the following principles?

In order to save costs and consolidate its manufacturing capacity,Samsonite has ________.

A ________ takes into account the complete costs of ownership,such as storing and transporting inventory,and of disposal.

The make-or-buy decision applies only to domestic firms.

Foreign trade zones (FTZs)can be divided into ________ and ________.

Which of the following is one of the main purposes of FTZs?

Fewer and fewer companies are using third-party intermediaries to store and transport goods.

A multidomestic configuration is most important when ________.

The use of JIT does not depend on the quality of incoming parts or the time of their arrival.

________ is the measuring of performance so that companies can respond appropriately to changing conditions.

What are the three levels of quality standards?

What is a supply chain? How does a supply chain differ from materials management and logistics?

Quality is defined as ________.

Vertical integration occurs when the company owns the entire supplier network or at least a significant part of it.