The toyota way - Samenvattingen, Aantekeningen en Examens

Why might a company consider expanding its supply chain internationally? A. To obtain access to lower-cost suppliers B. To take advantage of a skilled labor base in another country C. To support international expansion of sales D. To fend off competition from an international competitor E. All of the above - ANSWERE. All of the above What dimension of the country assessment framework involves the strength of supply chain support businesses in the region?A.Competency B.Economy C.Politic...

The only true way to protect against misrepresentation is to partner with trustworthy individuals. - ANSWERTrue A contractual alliance involves writing a contract that describes how much equity each partner receives. - ANSWERFalse To achieve economies of scale in a strategic alliance, two or more companies combine unique resources. - ANSWERFalse Which one of the following is NOT one of the basic alliance arrangements? - ANSWEREqual Alliance Why should a company create a strategic all...

Types of OM decisions correct answers Strategic, Tactical, Operational Strategic correct answers long term often involving acquisitions of new resources ex. electric utility power station tactical correct answers medium term utilization of existing resources ex. assembly plant - workforce commitments operational correct answers short term execution of schedules or control activities tal - shift scheduling What the customer buys and considers value is NEVER a product or service ...

Supply Chain Exam 2 (Chapter 16) | Questions and Answers TPS stands for Toyota Production System. TRUE TPS stands for Total Production Streamlining. FALSE Product storage is an example of waste in the sense that no value is added. TRUE In a JIT system, product inspection adds value by identifying defective items. FALSE Customer demand will always remain an unknown, so it is not considered a source of variability. FALSE Variability in manufacturing can occur because engineering drawings or spec...

DECA Practice Test Questions and Answers All Correct What usually results when business operations and procedures are efficient and economical? - Answer-consumers can buy quality products at competitive prices Which types of computer software programs usually contain thesaurus? - Answer-word processing Which companies would principally be involved in industrial purchasing? - Answer-toyota What is usually the last step in the buying process? - Answer-placing the order A characteri...

Goal of Customer- Driven marketing strategy - to create VALUE for targeted customers Market Segmentation - Dividing a market into smaller groups with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes. (taking heterogeneous customers and dividing them into more homogeneous groups) selecting customers to serve - - "Who is our customer?" -Selecting customers to serve using segmentation and targeting -We cannot make any other decisions as...

WGU C483 - Principles of Management Ch 9 strategic alliance definition: a formal relationship created with the purpose of joint pursuit of mutual goals In a strategic alliance, individual organizations share administrative authority, form social links, and accept joint ownership. learning organization definition: an organization skilled at creating, acquiring, and transferring knowledge and at modifying its behavior to reflect new knowledge and insights Google, Toyota, and IDEO are...

BUAD 331 UTK Final Questions & Answers(Rated A+) Which framework is most useful for companies wanting to build an initial assessment of the general operating environment in a country? A. EPICB. CAGEC. SWOTD. FARM - ANSWERA. EPIC What type of company will likely work with international supply chains? A. Large multinational companyB. Regional companyC. Small businessD. All of the above - ANSWERD. All of the above The _______ was created as an international agency to oversee the new exchan...

LSSGB - Introduction Phase (Grade: 80%) Rated A+ Overview/Background of LEAN Taiicho Ohno developed LEAN in the 1940's for Toyota's production line. Known as TPS (Toyota Production System). Overview/Background of 6 SIGMA Bill Smith developed in the 1980's for Motorola. 1988: Malcom Bridge Quality Award 1990: Mikel Harry starts 6 SIGMA Academy The more variation in a system... the more likely the process will fail to meet the customers expectations. 8 Wastes (aka Muda) Defec...