Exam 17: Global Production and Supply Chain Management

Which of the following is a hidden cost associated with basing production in a foreign location?

Production is also sometimes referred to as operations as part of a global supply chain.

Explain how the concept of production efficiency has changed with the rise of flexible manufacturing technologies.

The firm that sources from independent suppliers has less inventory to manage.

________ allows the company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output.

________ covers a range of manufacturing technologies designed to reduce setup times for complex equipment.

This is where cutting-edge production should take place, or at least be tested for implementation in other parts of the firm's production network. 

When a multinational corporation buys products or services from one of its suppliers that produces them somewhere else, whether domestically or globally, it is referred to as

________ is a grouping of various types of machinery, a common materials handler, and a centralized cell controller.

Organizations are under pressure to produce products in the optimal location and to serve the world market from there if their products have low value-to-weight ratios.

Flexible manufacturing technologies enable companies to customize products to the demands of small consumer groups.

Which of the following is a factor that transforms a low-cost location to a high-cost location?

A flexible machine cell is

Decentralization of production is appropriate when

Which of the following is the main concept of economies of scale?

This type of factory-often with the same standards as the top factories in the global firm's system-is set up to overcome intangible and tangible barriers in the global marketplace.

A multinational corporation uses both its own employees from inside the firm and an external supplier to perform certain tasks, often in concert with each other.

Make-or-buy decisions are decisions about

________ can be viewed as the decision-making process regarding the raw materials, work-in-process (component parts), and finished goods inventory for a multinational corporation.

Which of the following statements is true of products with high value-to-weight ratios?