ThinkMed is a producer of medical devices that accepts certain levels of customization in its product. This customization can be performed quickly thanks to nearby suppliers that can supply vital components quickly, so it doesn't have to make from scratch unlike its competitors providing an elegant example of: 1) backward integration. 2) assemble-to-order 3) modular design 4) forward integration
ThinkMed is a producer of medical devices that accepts certain levels of customization in its product. This customization can be performed quickly thanks to nearby suppliers that can supply vital components quickly, so it doesn't have to make from scratch unlike its competitors providing an elegant example of: 1) backward integration. 2) assemble-to-order 3) modular design 4) forward integration
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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ThinkMed is a producer of medical devices that accepts certain levels of customization in its product. This customization can be performed quickly thanks to nearby suppliers that can supply vital components quickly, so it doesn't have to make from scratch unlike its competitors providing an elegant example of:
1) backward integration.
2) assemble-to-order
3) modular design
4) forward integration
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