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What is the particular network of material and information interchanges that is required to transform raw material inputs into a finished product, and then, to deliver it into the hands of the end user?
Supply Chain
Companies have been outsourcing the '___________' of certain service activities to developing nations where skilled and less-skilled labour costs are lower.
production
Since a company’s ability to perform its production activities efficiently depends on a timely supply of high-quality material inputs, for which '__________' is responsible.
logistics
Strategic objective is to be resposive to changing consumer demands, to '________' costs, and to '__________' product quality.
lower / increase
Improved '__________ ___________' reduces costs by increasing productivity, lowering scrap costs, and reducing the warranty costs.
quality control
What is the tool that most managers now use to increase the reliability of their product offering?
Six Sigma
What is a certification process that requires certain quality standards to be met?
ISO 9000
Production and logistics should be able to accommodate demands for '________ ____________'
local responsiveness
The importance of companies being able to respond quickly to shifting consumer demand is referred to as '_____'-based competition
time
A company contemplating international production must consider a number of factors. These can be grouped under three broad headings:
country factors, technological factors, and product factors
What is the term used when a company takes advantage of factor costs as well as economic, political and cultural conditions when locating manufacturing activities?
Location economies
Adverse currency appreciation can transform a '____'-cost location into a '_____'-cost location.
low / high
Relatively ( low / high ) level of fixed costs can make it economical to perform a particular activity in several locations at once.
low
What is related to the level of output at which most plant-level scale economies are exhausted?
Minimum efficient scale
'__________ ___ __________' tell us that as plant output expands, unit costs decrease.
Economies of scale
When the minimum efficient scale of production is low relative to global demand, it may be economical to manufacture a product at ( less / more ) locations.
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