D300 Ch 17 Global Production Exam 3

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Cshowalter
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301408
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D300 Ch 17 Global Production Exam 3
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2015-04-24 11:24:27
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  1. production and logistics 512
    1 lower the cost of value creation activities. 2 add value by better serving customer needs.
  2. Six Sigma
    the modern successor to TQM, is a statistically based philosophy that aims to reduce defects, boost productivity,eliminate waste, and cut costs throughout a company
  3. ISO 9000
    European Union requires that the quality of a firms manufacturing processes and products be certified under this standard
  4. minimum efficient scale
    the level of output at which most plant-level scale economies are exhausted
  5. Flexible manufacturing or lean production
    covers a range of manufacturing technologies designed to 1. reduce setup times for complex equipment, 2. increase the utilization of individual machines through better scheduling, 3. improve quality control at all stages
  6. hidden cost of foreign location
    high employee turnover, shoddy workmanship, poor product quality
  7. Advantages of make 525
    • lowering cost
    • facilitating specialized investment
    • protecting proprietary product
  8. Advantages of buy 527
    • strategic flexibilty
    • Lower cost
    • Offests

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