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WorksheetsIBM - Chapter 5 - IB202C
Total questions: 30
Worksheet time: 15mins
How many key strategic objects are involved in production and supply chain management functions ?
4
1
3
2
. _____ is concerned with the creation of a good ( tangible or intangible) or service.
Supply chain management
Production
Logistics
Purchasing
Which are not intangible goods ?
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Which level of sigma, a production process would be 99.99966 percent accurate, creating just 3.4 defects per million units ?
7
2
4
6
Two main factor in Make - buy decisions
Cost & product capacity
Brand preferences & inventory planning
Quality control & having control
Lack of expertises & multisource policy
What problem you have to consider in multisource policies
Having a high cost
Your product cannot hit the standard
Having restrictions on which firms or companies it can source raw materials and component parts
Cannot produce high volumes
Why specialized investment is a reason for make decision
It cannot buy from other suppliers
The firm will worry that it will be dependent on its partner because only they can produce its product, leading to a loss of bargaining power and vice versa
Your products only can made from the specific partner
Outsourced company can only sell it to you
Which of the following factors is part of buy decisions
Quality control, excess capacity
Limited suppliers, small volumes
Lack of expertise, nonessential item
Industry drivers, having control
How many strategic roles are assigned to a foreign factory that managers need to think about?
3
4
5
6
Which is not a problem in the country where the factory is located that the multinational company faces?
Poor product quality
Low turnover of employees
Shoddy workmanship
Low productivity
An outpost factory can be seen as…
An intelligence-gathering unit
A manufacturing facility with the lowest possible cost
A stand-alone factory that often competes with the global firm’s home factories
A product distributor
The flexibility of the technology has
Flexible Manufacturing and Fixed Costs
Product Features and Mass Customization
Flexible Manufacturing and Mass Customization
Product Features and Fixed Costs
Which of the following is NOT a factor affecting locating Production Facilities?
Country factors
Technological factors
Production factors
Strategic factors
What is the goal of reverse logistic?
Optimize the after-market operation or make it more efficient.
Store large amounts of inventory.
To create values by timing and positioning inventory.
Accurate and safe packing, handling, and transport management.
Successful production and supply chain management depends on a timely supply of high-quality material and information inputs, for which___
Purchasing and logistics are critical functions.
Production and logistics are critical functions.
Customer and service are critical functions.
Customer and purchasing are critical functions.
On-time delivery is an aspect of a company's performance for:
Availability
Malfunction Recovery Speed
Operational Performance
On-time pick-up
In a market where customizing products to meet the needs of local consumers is increasingly demanded, it will lead to…
The higher the profit due to the decrease in production costs
The production capacity of the factories is decreasing day by day
Managers decided not to set up factories in that area
The capacity of factories in that area is further promoted
US carmaker Ford has factories that involve the relocation of the manufacturing process in Mexico and then the finished products will be sold in the US. Which of the following is the strategic role that those factories hold?
Offshore factory
Contributor factory
Source factory
Lead factory
Company A does not have any people with knowledge of product manufacturing, so it chooses to import company B's products. What is the factor in the buy decision?
Lack expertise
Small volumes
Brand preference
Inventory planning
Which of these factors would be considered when making a location decision at the region/community level?
government rules, attitudes, stability, incentives
cultural and economic issues
proximity to raw materials and customers
environmental impact issues
The term mass customization has been coined to describe the ability of companies to use flexible manufacturing technology to reconcile two goals that:
High cost and product standardization.
Low cost and product standardization.
Low cost and product customization.
High cost and product customization.
Information systems allow the firm:
Design of component parts
Locating component parts
Editing component parts
Remove component parts
Why must production and supply chain management be able to respond quickly to shifts in customer demand ?
In the current Internet and Industry 4.0 era, business have to act fast to keep up with the competition
Demands for local responsiveness create pressures to decentralize production activities to the major national or regional markets.
Who responds to the changing needs of customers has more advantages
The needs of customers should be put first, and must change for survival.
The fill rate is categorized as which type of supply chain performance metric:Delivery
Customers service
Cost
Quality
Delivery
The Martin Corporation is considering manufacturing the cabinets from beginning to end in the U.S. and then exporting them to Italy and France. What is the downside of this decision?
Lower design capability to build standardized cabinets for the new markets
Higher shipping costs to send the cabinets to the new markets
Quality will be lower because they will not be able to control the manufacturing process
The risk of not being able to compete is high because they will have to invest in new facilities
India's ability to buy gold at a deeply reduced price after the G7 countries issued a ban on gold exports to Russia. From what factor in buy decision does India derive this indirect benefit?
Inventory item
Compensation
Small volumes
Supplier competences
Apple's iPhone sells well in the global market. Although the price is quite high, the new designs and this special self-released operating system make the quality of the iPhone stand out. Which element of make decision is shown here?
Proprietary technology and limited supplier
Proprietary technology and quality control
Having control and excess capacity
Having control and quality control
If the fixed costs of an industry are___, it is more advantageous to produce in a specific location, whereas if the fixed costs are ___, it is more beneficial to produce in multiple locations around the world.
High/Low
High/High
Low/High
Low/Low
Which are the factors that affect the transportation cost?
Distance, transport mode, size of load, oil price.
Transport mode, size of land, distance, oil price.
Transport mode, size of land, distance, oil price, load character
Load characteristics, oil price, distance, transport mode, size of load.
Company A specializes in the production of jewelry items. Their jewelry has a particularly eye-catching design, many companies have come to them to hire them to design similar products. What factor does company A achieve when it manufactures its own product?
Accumulate dynamic abilities
Quality Control
Having control
Specialized investment
