Exam 13: Global Operations and Supply-Chain Management

Of the following,which is NOT a disadvantage of making?

__________ (also called global outsourcing)occurs when a firm is outsourcing to a supplier located in a different country.

Most of the activities in operations management can be grouped into ____ business functions.

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?

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. -As the Jenkins and Jones Corporation continues to grow,it will face the need to make more and more strategic decisions.Which one of the following best describes the corporation if it decides to make purchase globally versus domestically?

__________ occurs when components and raw materials are produced in-house and purchased from suppliers.

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

When considering the one-versus-many location for production facilities for components and raw materials some of the most important considerations are: fixed costs,minimum efficient scale and its comparison to demand,and the value-to-weight ratio.

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.

When the firm doing the outsourcing and the supplier that will provide the outsourced goods and services are located in the same country,it is called _____.

Boeing buying from thousands of suppliers in more than 100 countries,but only having production facilities in the U.S.is an example of global procurement and domestic production.

Tipton Manufacturing is based in Lexington,Kentucky.The company does not make the gears it uses in its products,it purchases them from a supplier in Hong Kong.Tipton Manufacturing is practicing

A Japanese user of Sony's ERP system can view the company's financial information in Japanese yen,while a British user of the system is able to see the same information in British pounds.This ERP system is _____.

_____ refers to the property of ERP systems to simultaneously operate in multiple languages.

Which of these is responsible for the transformations required by the production process?

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 _____.

One advantage of global procurement is that the firm can maximize its flexibility by allocating its orders among suppliers in a dynamic way and the firm has access to more suppliers that can generally provide lower costs than domestic suppliers.

The production process may consist of one or more transformations which could be all of the following EXCEPT:

The property of ERP systems to handle the accounting standards of multiple countries is called the multi-currency property.

Determining which components and raw materials should be produced in-house and which components and raw materials should be acquired from suppliers is known as the _____ decision.