Global Production And Supply Chain Management

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Question 1
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Production is also sometimes referred to as operations as part of a global supply chain.

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Question 2
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Logistics includes the buying of raw materials and component parts.

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Question 3
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The upstream portion of the global supply chain includes all of the organizations and resources in the supply chain.

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Question 4
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Six Sigma is a qualitative alternative to total quality management that focuses primarily on managing human resources to improve profitability.

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Question 5
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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.

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Question 6
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The argument for centralizing production will be greater if the minimum efficient scale of a plant relative to total global demand is low.

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Question 7
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Mass customization facilitates product customization at low costs.

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Question 8
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Flexible manufacturing technologies enable companies to customize products to the demands of small consumer groups.

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Question 9
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Products such as electronic components and pharmaceuticals have low value-to-weight ratios.

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Question 10
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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.

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Question 11
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Modern consumer products such as personal computers serve universal needs.

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Question 12
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Poor product quality and low productivity are hidden costs associated with basing production in a foreign location.

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Question 13
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Concentration of production should be avoided when important exchange rates are expected to remain relatively stable.

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Question 14
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Decentralization of production is appropriate when the product does not serve universal needs.

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Question 15
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Managers in a source factory operate in essentially the same way that managers in an offshore factory operate. They have very little say in purchasing or logistics decisions.

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Question 16
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Global learning refers to the idea that valuable knowledge does not reside just in a firm's domestic operations.

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Question 17
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Make-or-buy decisions are decisions that concern the components to be used in a production process.

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Question 18
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Firms would prefer buying component parts, or an entire product, from independent suppliers to protect proprietary product technologies.

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Question 19
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The firm that sources from independent suppliers has less inventory to manage.

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Question 20
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Buying a product from external vendors is highly appropriate when a firm intends to protect proprietary technology.

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