Exam 17: Global Production and Supply Chain Management

Just-in-time systems:

The level of output at which most plant-level scale economies are exhausted is referred to as the:

Central to the concept of economies of scale is the idea that the best way to achieve high efficiency, and hence low unit costs, is through the:

One way to reduce risks associated with a JIT global supply chain is to source inputs from several suppliers located in different countries.

When a company's product has a low value-to-weight ratio, the company should:

Lowering the costs is one of the objectives of the production and logistics function of an international firm.

Which of the following is a way that improved quality control reduces costs?

Deming, the proponent of total quality management, suggested that management shouldn't attempt to train employees in new skills.

Discuss the strategic objectives of the production and logistics functions of an international firm.

At Six Sigma, a production process would be highly accurate and create just:

How does the type of technology a firm uses affect its decision of where to locate production?

Before a firm is allowed access to the European marketplace, the European Union requires that the quality of the firm's manufacturing processes and products be certified under a quality standard known as _____.

Concentration of production is appropriate when:

With a(n) _____ system, suppliers, shippers, and the purchasing firm can communicate with each other with no time delay.

According to the concept of economies of scale, as plant output expands, _____.

Identify an advantage of adopting a low minimum efficient scale.

A firm would prefer to buy component parts, or an entire product to:

Other things being equal, a firm should locate its various manufacturing activities where the relative factor costs are conducive to the performance of those activities.

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

Outsourcing some manufacturing to independent suppliers based in other countries would help firms capture more orders from that country.