Exam 17: Global Production and Supply Chain Management

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 not favored when important exchange rates are expected to remain relatively stable.

Describe the major arguments put forth by Edward Deming.

Products such as electronic components and pharmaceuticals have low value-to-weight ratios.

Just-in-time systems help a firm respond quickly to increases in demand.

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

A production process would create just 1 defect per six thousand products at Six Sigma.

Which of the following products will most likely have high value-to-weight ratios?

An advantage of engaging in in-house production of products and components is that _____.

_____ 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.

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.

Which of the following is a desired outcome of flexible manufacturing technology?

How has the adoption of just-in-time inventory systems,computer-aided design,and computer-aided manufacturing impact firms' associations with suppliers?

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

A flexible machine cell is used to perform a standardized operation.

The minimum efficient scale of production is high when fixed costs are low.

Making all or part of a product in-house is beneficial when the firm intends to build valuable capabilities over time.

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

Discuss the effect of country factors on the decision of where to locate production?

Identify an advantage of adopting a low minimum efficient scale.