Chapter 14 Global Production, Outsourcing, and Logistics True / False Questions 1. (p. 463) Outsourcing the "production" of certain service activities to developing nations, where labor costs are lower, has become a trend in recent years. TRUE AACSB: Analytic BT: Knowledge Difficulty: Easy Learning Objective: 14-1 Topic: Strategy, Production, and Logistics 2. (p. 463) Logistics is the activity that controls the transmission of physical materials through the value chain, from procurement through production and into distribution. TRUE AACSB: Analytic BT: Knowledge Difficulty: Easy Learning Objective: 14-1 Topic: Strategy, Production, and Logistics 3. (p. 463) The term production is used to …show more content…
FALSE AACSB: Comprehension BT: Knowledge Difficulty: Medium Learning Objective: 14-2 Topic: Where to Produce 17. (p. 469) Flexible manufacturing technologies allow a company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output. TRUE AACSB: Analytic BT: Knowledge Difficulty: Easy Learning Objective: 14-2 Topic: Where to Produce 18. (p. 470) Improved capacity utilization and reductions in waste and in work in progress are major efficiency benefits of flexible machine cells. TRUE AACSB: Analytic BT: Knowledge Difficulty: Easy Learning Objective: 14-2 Topic: Where to Produce 19. (p. 470) Flexible manufacturing has made Ford the most efficient auto company in the world. FALSE AACSB: Analytic BT: Knowledge Difficulty: Easy Learning Objective: 14-2 Topic: Where to Produce 20. (p. 470) A flexible machine cell is a grouping of various types of machinery, a common materials handler, and a centralized cell controller. TRUE AACSB: Analytic BT: Knowledge Difficulty: Easy Learning Objective: 14-2 Topic: Where to Produce 21. (p. 469) Research suggests that the adoption of flexible manufacturing technologies may actually increase efficiency and lower unit costs, relative to what can be achieved by the mass production of a standardized output. TRUE AACSB: Analytic BT:
As much as Europe’s worldwide empires had globalized the war, so too its economic linkages
[LO 1] Augustana received $10,000 of qualified dividends this year. Under what circumstances would all $10,000 be taxed at the same rate? Under what circumstances might the entire $10,000 of income not be taxed at the same rate?
Optimization of machinery so that production setups are not required for small customizations which can be managed manually.
19 Facilitate learning and development activities to meet individual needs and preferences (HSC 3004) Assessment of this unit This unit introduces you to the knowledge and skills that are needed to support individuals to plan, take part in and evaluate learning and development activities. It focuses on the benefits of learning and development activities to individuals, the importance of identifying individual needs and the role of the practitioner in planning, preparing, facilitating and reviewing learning and development activities. You will need to: 1.
increased variety? We will need to increase the flexibility of our manufacturing operations to cope with
| |From a purely economic viewpoint, a firm should not ration capital. The firm should be able to find additional funds |
By creating a staircase cell in their factory, B&B can realize efficiencies that would allow them to eliminate waste and be more competitive in the areas of price and lead time. This would eventually reduce their order backlog, making their production more in line with estimates.
A proper flexible organization provides its work force arrangements where employees are given greater freedom to balance their work and personal commitments such as family, higher education, community activities, religious commitments, professional development, and general interests.
Generally, in manufacturing and assembly environments, fixture design is based on past experience and trial-and-error approach. Therefore, fixturing design is expected to be a long process with prohibitive cost. As flexible manufacturing systems or FMS fills the gap between
b. More flexible in outputs. Under current sourcing, the flexibility of PCB’s outputs depends on the frequency of order, resulting
The desire for automated manufacturing has been prevalent for well over the past century but it is yet to be fully accepted into the industry almost entirely due to the high associated costs. Automated manufacturing processes in the past have required expensive and robust machinery
Operational efficiency it 's significant across all levels of manufacturing goods. Making a profit is the fundamental principle for any business to succeed. Reducing overhead cost and eliminating waste are key factors in driving down cost and maximizing profits. The challenge lies in the ability to reduce product costs while simultaneously adding value, maintaining quality, and ensuring adequate availability of the production system. The idea of manufacturing goods in a systemic process comprised of balancing inputs and outputs across the value chain involve Just-in-time productions or systems. This production system incorporates a philosophical approach to integrated productions plans and
Mass customization of service requires an awareness to meet the unpredictable variation each customer demands. Consequently, critical factors of flexibility, variety, and timeliness are essential with mass service customization (Peters & Saidin, 2000). Firms that offer customized services must also design its products with flexibility in mind. Design flexibility allows for easier variations, modification, or adaptations to the meet the specificity of each customer. With lean manufacturing and smart factories, firms have a greater flexibility to modify, create, and assemble unique services for customers (Daft, 2016). In offering and differentiating customized services, a firm must
Modern communication and flexible manufacturing methods (e.g. Computer Numerical Control (CNC), 3-D printing, Additive Manufacturing) are all innovations that allow designs from a centralised source to be manufactured in smaller quantities close to where they will be sold. These techniques can also afford a firm commercial advantage the through the ‘personalised production’ of products (Mourtzis & Doukas 2012) should they wish to adopt this as part of their business model.
The never-before-equalled capability for the small, even tiny, supplier to peddle their wares and original products has greatly enriched our daily lives and represents a true and healthy challenge to the dominion of transnational corporations and their grab on our pulsions and on our wealth. Computer-aided Design and Machining has placed complex metal, wooden or plastic parts at everyone 's disposal for truly reasonable sums—even as a one-off. Every exotic material can be had in small quantities. Tools of all descriptions are to be found easily—and they are getting constantly cheaper and more ingenious. 3D printing technology is making inroads that were not even surmisable 5 short years ago. Numerically controlled machinery is now commonplace even in the enthusiast 's basement: homo faber has made a quantum leap.