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Exam 16: Global Operations and Supply Chain Management

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Question 41

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Commonly, in designing plants for developing countries, engineers will use a hybrid of capital-intensive processes when they are considered essential to ensure product quality and labor-intensive processes to take advantage of the abundance of skilled labor.

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Question 42

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The approach to design that promotes cross-functional participation in the design stage:

A) helps to identify many of the potential sourcing, manufacturing, and other difficulties associated with a particular design.
B) may involve customers in the design process.
C) has been called concurrent engineering.
D) all of the above.
E) two of A, B, and C.

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Question 43

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The following arrangement can provide a firm with foreign products:

According to the text, which of the following is true?

For purchases of capital goods such as manufacturing equipment, many U.S. buying organizations now use "business-cycle costing" to analyze purchasing decisions.

To avoid an increase in price because the U.S. dollar has lost value versus the euro, an American importer should require European exporters to quote their products in euros.

The production organization in an overseas subsidiary is commonly a scaled-down version of that found in the parent company.

According to the text:

Managerial functions associated with the movement of materials such as raw materials, work in progress, or finished goods are referred to as:

Backward vertical integration establishes facilities to manufacture inputs used in the production of a firm's final product.

The traditional functions of purchasing, such as supplier determination, analysis, and selection, have to be accomplished before the actual purchasing via e-procurement.

Mass customization:

Because inventory is carried at each stage in the supply chain, and because inventory ties up money, it has been argued that the ultimate goal of effective supply chain management systems is to reduce inventory.

According to the text, a concurrent engineering approach to design promotes cross-functional participation in the design process and thereby helps to identify and avoid many of the potential sourcing, manufacturing, and other difficulties that can be associated with a particular design.

Worldwide uniformity or standardization in manufacturing methods hinders headquarters' effectiveness in keeping production specifications current.

According to the text, outsourcing is hiring others to do noncore activities.

Activities that are involved in producing a company's products and services and how these activities are linked together are often referred to as:

An important consideration in design is the extent to which the international company's products and services will be standardized across nations or regions.

While indirect production-oriented goods have been the focus of management attention for many years, the purchasing of goods and services that are part of finished goods-termed indirect procurement-is also critical.

Backward vertical integration refers to: