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Terms in this set (94)According to the text, Zara's strategy of speed and flexibility has enabled the company to eliminate inventory. false according to the text, zaras strategy focuses on continual renewal of its clothing lines true according to the text outsourcing is hiring others to do noncore activities true according to the text any activity in the value chain can be outsourced except for strategy and management false according to text the processes of coordinating and integrating the flow of materials, info, finances, and services within are among companies in the value chain is called: operations management false supply chains are an integral part of global quality and cost management initiatives since a typical companys supply chain costs and can represent over 80 percent of assets false because inventory is carried at each stage in the supply chain, and because inventory ties up money, it has been argued that the ultimate goal of effective supply chain management systems is to reduce inventory true shorter and less predictable product life cycles have placed reduced emphasis on supply chains and their performance false effective supply chain management can enhance a companys ability to manage regulatory social and other environmental pressures both within a nation and globally true an important consideratin in design is the extent to which the international companys products and services will be standardized across nations or regions true the over the wall approach to product design involves an initial step in which the designers prepare the products design followed by sending the newly created design to the companys manufacturing engineers true a concurrent engineering approach to design promotes cross functional participation in the design process and thereby helps to identify and avoid many of the potential sourcing manufacturing and other difficulties that can be associated true the primary reason for sourcing globally is to obtain lower prices. true outsourcing is the relocation of some or all of a business's activities or processes to a foreign location false when a company off shores activities it relocates those activities to the facilities of another company that is located in a foreign business false outsourcing decision to use global sources of supply are extensions of the make or buy decisions of earlier eras false when possible it is better for companies to initially outsource complex activities in oder to achieve better cost benefits false global sourcing arrangements include overseas joint ventures independent overseas manufacturers and wholly owned subsidiaries true in the case of the US intrafirm trade accounts for 30 to 40 percent of exports of goods true in US industry the proportion of purchased materials in the overall cost of goods sold has been rising for several decades true in many companies the purchasing function has been viewed as a prime candidate for outsourcing to other firms a trend encouraged by rapid developments in e-procurement true while indirect production-oriented goods have been the focus of management attention for many years, the purchasing of goods and services that are part of the finished goods termed indirect procurement is also crucial false indirect procurement includes such items as maintenance, repair, raw materials and components, office equipment, and other services and supplies false emerging industry based B2B exchanges can help optimize the supply chain across an entire network of organizations, not merely within a single company true for purchases of capital goods such as manufacturing equipment, many US buying organizations now use "business cycle costing" to analyze purchasing decisions false international freight, insurance, and packing can add as much as 8 to 10 percent to the quoted price, depending on the sales term used false to avoid an increase in price because the US dollar has lost value versus the euro, an american importer should require european exporters to quote their products in euros false
the traditional functions of purchasing such as supplier determination, analysis, and selection have to be accomplished before the actual purchasing via e-procurement true although international firms maintain manufacturing facilities in countries at various levels of development, manufacturing systems should not vary significantly within the same company false logistics refers to managerial functions associated with the movement of raw materials and work in progress, but not finished goods. false the effectiveness of supply chain management efforts is strangle influenced by how a company manages the interface of logistics with sourcing and manufacturing true
packaging and transportation requirements for a product can significantly influence logistics costs and these factors should be addressed during the post design steps in a companys value chain false standards are documented agreements containing general guidelines, rules, or definitions of the characteristics of a product, process, or service false unless a product or service is purchased from a company that is registered to the appropriate ISO 9000 standard, a buyer cannot be assured that the quality of what was received will be what was expected false some of the reasons for the global standardization of a firms manufacturing system are the effects on organization and staffing true worldwide uniformity or standardization in manufacturing methods hinders headquarters' effectiveness keeping production specifications current false the standardization of processes and machinery provides a reasonable guarantee that parts manufactured in the firms various plants will be interchangeable true
manufacturing rationalization is a division of production among a number of production units, thus enabling each to produce only a limited number of components for all of a firms assembly plants true when production equipment is similar, home office control of quality in foreign affiliates is more difficult because management must ensure that all plants adder to the same standard false generally, it is easier for international firms to standardize the concepts of total quality management and synchronous manufacturing in their foreign plants than it is to standardize the actual production facilities true computer-integrated manufacturing reduces the economic batch quantity to one and facilities the potential for mass customization true backward vertical integration establishes facilities to manufacture inputs used in the production of a firms final product true although engineers are required for the maintenance of specialized machinery, only high-skilled people are needed to attend the machines false when a county needs new job creation, it follows the government officials will insist on the use of labor-intensive processes false commonly, in designing plants for developing countries, engineers will use a hybrid of capital-intensive processes when they are considered essential to ensure product quality and labor-intensive processes to take advantage of the abundance of skilled labor false production methods between capital and labor intensive methods are classified as intermediate technology true intermediate technology will create more jobs and require less capital than will capital intensive processes true the production organization in an overseas subsidiary is commonly a scaled-down version of that found in the patent company true the local manufacturing organization is usually integrated vertically to a greater extent than the parent company is. false zara removes its product lines, including ones that have been selling well, every two weeks or so true ... ... hiring others to perform some of the noncore activities and design making in a companys value chain rather than having the company and its employees coninue to perform these tasks is: outsourcing efforts to improve the effectiveness of a firms international operations are often referred to as supply chain management activities that are involved in producing a companys products and services and how these activities are linked together are often referred to as supply chains a typical companys supply chain costs can represent more than __ percent of assets 50 it has been argued that the ultimate goal of effective supply chain management systems is to: reduce inventory according to the text, increased emphasis on the achievement of effective supply chain performance has resulted from two of the above: according to the text: design is an important factor in the structure of a companys global supply chain according to the text, decisions on the standardization of design are affected by competitive factors, cultural factors, and regulatory factors a traditional approach to product design that involves a sequential approach to design has been termed over the wall the approach to design that promotes cross functional participation in the design stage helps to identify many of the potential sourcing, manufacturing and other difficulties associated with a particular design, may involve customers in design process, AND has been called concurrent engineering reasons for sourcing globally include: a lower price, products not available locally, a firm's worldwide operation and quality. Relocating some or all of a business's activities or processes to a foreign location is offshoring. According to the text, which of the following can be outsourced? Product design, Human resources and logistics A reason that outsourcing has become an increasingly common option for companies is: two of the above A reason that outsourcing has become an increasingly common option for companies is: the cost of communications is plummeting, more automation of a company's operational activities, AND more companies are competing for outsourcing business.
The following arrangement can provide a firm with foreign products: wholly owned subsidiary. The following arrangement can provide a firm with foreign products: twoofA,B,andD. The following arrangement can provide a firm with foreign products: two of the above Investigation of export and import data shows: there is a strong relationship between global sourcing and ownership of the foreign sources. In the case of the United States, intrafirm trade accounts for ______ percent of exports of goods. D. 30 to 40 In the case of the United States, intrafirm trade accounts for ___ ___ percent of imports of goods. C. 35 to 45 In U.S. industry, the proportion of purchased materials in the overall cost of goods sold has been rising for several decades, to a level of ________ percent today. C. 55 to 79 It has been estimated that at least ____________ percent of products currently on the market were not available five years ago, creating additional pressure to locate suppliers worldwide that can provide inputs at competitive prices and quality and with quick responsiveness to market changes. C. 50 According to the text, including such items as maintenance, repair, operating supplies, office equipment, and other services and supplies, indirect procurement can account for as much as what percent of the total purchasing expenditures in companies? D. 70 percent Electronic procurement exchanges: two of the above A. can facilitate efforts to obtain letters of credit. Research found that suppliers cut invoice and ordering errors by an average of ___ percent when using an e-marketplace. 69 For purchases of capital goods such as manufacturing equipment, many U.S. buying organizations now use _______________ to analyze purchasing decisions, including trade-in or future estimated salvage value. life cycle costing According to the text, the cost of importing a foreign-sourced product, including freight, insurance, and packing: C. may range from 10 to 12 percent of the cost of the product. Problems associated with e-procurement include: E twoofA,B,andC. A. it cannot be isolated from the company's overall business system. The centerpiece of Cognizant Technology Solution's operations is the company's innovative ________________ business model. C offshore-onshore 82. Managerial functions associated with the movement of materials such as raw materials, work in progress, or finished goods are referred to as: C logistics. Documented agreements containing technical specifications or other precise criteria that will be used consistently as guidelines, rules, or definitions of the characteristics of a product, process, or service are referred to as: A. standards. Reasons for global standardization of manufacturing systems include: D. allofA,B,andC. A. simpler organization at headquarters. ISO 9000: B. is a set of five universal standards for a quality assurance system agreed to by the ISO. Manufacturing rationalization is: B the division of production among several subsidiaries so that each produces only a limited number of Quality control in foreign affiliates from the home office is less difficult when: C. production equipment is similar. Global standardization of operations: E. twoofA,B,andC. A. eliminates the task of maintenance and production control. When a new plant can be built that is a duplicate of others already functioning: C. vendors will be requested to furnish equipment that they have supplied previously. When designing production facilities, designers generally find that: E. twoofA,B,andC A. automated machinery is severely limited in flexibility
regarding product variety and sizes. Mass customization: D. all of the above A is enhanced by a company's use of computer-aided manufacturing systems to produce and deliver . products and services in a
batch size of one. The level of technology chosen may be: A. allofB,C,andD. B.
intermediate technology. 93. Backward vertical integration refers to: B. the installation of production facilities to produce inputs for the production of final products. Intermediate technology is: A. technology between the capital-and labor-intensive processes. Sets with similar termsINTB MODULE C-FINAL46 terms lizethjlopez MNGT 368 EXAM 158 terms Brittany_Tabor APICS CSCP Module 1 201884 terms Nerd2424 International Business Final study guide48 terms christopheryates13 Sets found in the same folderINTB CH 15 (M/C)35 terms ashleygang INTB CH 15 (T/F)42 terms ashleygang Mod C25 terms shylo80 IB 300 Module 13 quiz10 terms ebmr819 Other sets by this creatorCHAPTER 1589 terms paige_kantor Chapter 1790 terms paige_kantor Verified questions
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ENGINEERING Rainwater runoff from a parking lot flow; through a 3 -ft-diameter pipe, completely filling it. Whether flow in a pipe is laminar or turbulent depends on the value of the Reynolds number. Would you expect the flow to be laminar or turbulent? Support your answer with appropriate calculations. Verified answer Other Quizlet setsAll Drugs53 terms Nicole_Schott2PLUS Macro test 2 (midterm) review17 terms Richard_Saccomagno Chapter 12: Motivation Textbook43 terms wmunroe01 4335-wk 5- Chest tubes & EKG (EAQ)26 terms Carolina_Carmona9PLUS Related questionsQUESTION Which level of training should a fire fighter receive to enter the hot zone? 15 answers QUESTION T or F A significant number of mechanical engineers work in Heating, Ventilation, and Air Conditioning (HVAC) or related fields. 2 answers QUESTION The first airport terminals were centralized facilities, because they contained all the required passenger facilities for a given air carrier. What were these facilities known as? 2 answers QUESTION Which one of these are part of technology design? 2 answers Which arrangement can provide a firm with foreign products?The following arrangement can provide a firm with foreign products: wholly owned subsidiary.
What is a benefit of global standardization of operations quizlet?Get faster at matching terms.
What is the business practice of sending jobs to another country?Outsourcing is a business practice in which a company hires a third-party to perform tasks, handle operations or provide services for the company.
What is the WHO should do it question also called?Offshore Outsourcing. What is the "who should do it" question also called? Make versus buy. If the best supplier is located outside of your home country. the decision to buy overseas is known as outsourcing.
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Which term describes the act of producing physical goods or performing some operations overseas to attain specific cost advantages?
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