Global Production And Supply Chain Management

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Question 1

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

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Question 2

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The firm that improves its quality control will also reduce its costs of value creation.

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Question 3

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

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Question 4

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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 5

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

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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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Maintaining high minimum efficient scale allows a firm to hedge against currency risks.

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Question 8

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

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Question 9

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Mass customization facilitates product customization at low costs.

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Question 10

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

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Question 11

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

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Question 12

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

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Question 13

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

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Question 14

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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 15

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Products such as refined sugar,certain bulk chemicals,paint,and petroleum products have low value-to-weight ratios.

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Question 16

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Modern consumer products such as personal computers serve universal needs.

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Question 17

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Decentralized production is favored if differences between countries in factor costs have a substantial impact on the costs of manufacturing in various countries.

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Question 18

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Concentration of production is not favored when important exchange rates are expected to remain relatively stable.

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Question 19

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Decentralization of production is appropriate when location externalities are important.

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Question 20

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

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