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Busm 361 final part 3
Terms in this set (20)
bringing production of a product closer to the borders of the market where the product will be sold
Bringing production of a product back to the market where the product will be sold
a nefarious trading strategy that sells a product for less than it costs to produce the product
an agreement between Mexico, US and Canada that dropped most trade barriers between these countries
NAFTA. north american free trade agreement
and inventory strategy that focuses on low search costs for rarely sold items
a small change in the cost of a purchased good and service can have a more significant effect on profits than a large change in......
a purchases item that has a few alternative sources of supply
a purchased good that can have a big effect on profitability but only has a few qualified suppliers
the outcome of determining what a supply probably might cost
should cost model
the analysis of all of the costs in purchasing a supply
total cost of ownership
TQM is a process of...
When a company creates an improved way of doing a process they usually expect that initially there will be a lot of variance why?
nervousness or stress
plan, do , study , act
tabletop experiments: slogans purpose
slogans do not work...in fact they often have the opposite effect?
SPC charts are used to...
evaluate if processes are in control and to help correct those processes that are not in control.
what SPC chart should you use when you are measuring attribute quality of a product?
one of the core tenets of quality is not to treat symptoms, but instead to try to find and treat the...
two pillars of lean
Just in Time
8 wastes of Lean
potential of people
what is a special type of lean flowcharting tool used to visualize product flows
Value stream map
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