Question 1

Global value chains face higher levels of risk and uncertainty, requiring more inventory and day-to-day monitoring to prevent product shortages.

Accepted Answer

A) True 
 B)False

Question 2

Backward integration refers to acquiring capabilities toward distribution.

Accepted Answer

A) True 
 B)False

Question 3

Two alternatives are being considered for a customer's order whose anticipated volume is not yet known. If the firm produces in-house, the fixed cost is $340,000 and variable cost is $2.90 per unit. If the firm chooses to outsource, it will incur a fixed of $275,000 and variable cost is $3.50 per unit. Determine the breakeven quantity and a decision rule of when to outsource.

Accepted Answer

This problem requires to the student to

Question 4

Third party "system integrators" are often used for vertical integration strategies.

Accepted Answer

A) True 
 B)False

Question 5

Explain the notion of value chain integration.

Accepted Answer

Value chain integration is the process o

Question 6

A reason for globalization includes shifting work closer to customers for fast delivery and customization.

Accepted Answer

A) True 
 B)False

Question 7

Value can be increased by adding services to customer benefit packages even when the quality or features of goods cannot be improved.

Accepted Answer

A) True 
 B)False

Question 8

____ integration refers to acquiring capabilities at the front of the supply chain, whereas ____ integration refers to acquiring capabilities toward the back end of the supply chain.

Accepted Answer

A) Vertical, horizontal 
B) Upward, downward 
C) Forward, backward 
D) Backward, forward 
A) Vertical, horizontal 
B) Upward, downward 
C) Forward, backward 
D) Backward, forward

Global value chains face higher levels of risk and uncertainty, requiring more inventory and day-to-day monitoring to prevent product shortages.

Backward integration refers to acquiring capabilities toward distribution.

Third party "system integrators" are often used for vertical integration strategies.

Explain the notion of value chain integration.

A reason for globalization includes shifting work closer to customers for fast delivery and customization.

Value can be increased by adding services to customer benefit packages even when the quality or features of goods cannot be improved.

integration refers to acquiring capabilities at the front of the supply chain, whereas integration refers to acquiring capabilities toward the back end of the supply chain.

Goods, Services, and Operations Management

Measuring Performance in Operations

Operations Strategy

Technology and Operations Management

Goods and Service Design

Process Selection, Design, and Analysis

Facility and Work Design

Supply Chain Design

Capacity Management

Forecasting and Demand Planning

Managing Inventories

Resource Management

Operations Scheduling and Sequencing

Quality Management

Quality Control and Spc

Lean Operating Systems

Project Management

Work Measurement, Learning Curves, and Standards

Queuing Analysis

Modeling Using Linear Programming

Simulation

Work Measurement, Learning Curves, and Standards

Filters

Exam 2: Value Chains

Global value chains face higher levels of risk and uncertainty, requiring more inventory and day-to-day monitoring to prevent product shortages.

Backward integration refers to acquiring capabilities toward distribution.

Third party "system integrators" are often used for vertical integration strategies.

Explain the notion of value chain integration.

A reason for globalization includes shifting work closer to customers for fast delivery and customization.

Value can be increased by adding services to customer benefit packages even when the quality or features of goods cannot be improved.

____ integration refers to acquiring capabilities at the front of the supply chain, whereas ____ integration refers to acquiring capabilities toward the back end of the supply chain.

Goods, Services, and Operations Management

Measuring Performance in Operations

Operations Strategy

Technology and Operations Management

Goods and Service Design

Process Selection, Design, and Analysis

Facility and Work Design

Supply Chain Design

Capacity Management

Forecasting and Demand Planning

Managing Inventories

Resource Management

Operations Scheduling and Sequencing

Quality Management

Quality Control and Spc

Lean Operating Systems

Project Management

Work Measurement, Learning Curves, and Standards

Queuing Analysis

Modeling Using Linear Programming

Simulation

Work Measurement, Learning Curves, and Standards

Filters

integration refers to acquiring capabilities at the front of the supply chain, whereas integration refers to acquiring capabilities toward the back end of the supply chain.