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Module C- Global operations and Supply Chain Management
Terms in this set (30)
Outsourcing involves hiring others to perform (core, noncore) activities.
Effective synchronization of supply chain activities helps to ____ (increase, decrease) buffer stock.
Which approach to product design begins with the design team preparing the product design and then providing it to manufacturing engineers, who determine production-related issues?
"over the wall"
Companies source globally for all of the following reasons EXCEPT _______.
to create buffer stock
Which global sourcing arrangement is common in the clothing industry?
overseas independent contractor
Hiring others to perform some of the noncore activities and decision making in a company's value chain, rather than having the company and its employees continue to perform those activities, is called _____.
The ultimate goal of effective supply chain management is to _________.
Intrafirm trade accounts for about ______ of exports of goods in the United States.
Companies such as Starbucks are increasingly turning to _____(customers, suppliers) for input on product design.
The rapid development in e-procurement means that in many firms, purchasing is now considered to be a(n) _______ (strategic, outsource) function.
The primary reason that companies source globally is __________.
to obtain lower prices
Defect-free components (are/aren't) requirements for JIT to work efficiently.
Which global sourcing arrangement involves a production plant in the home country or another nation sending components to be machined and assembled by an independent contractor?
in-bond plant contractor
Product lines under a JIT system should be _______ (simplified, complex).
Within a TQM approach, small work groups that meet periodically to discuss ways to improve functional areas and the quality of the product are called ______ ______ .
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