Multiple Choice
Ford Motor Company reorganized its procurement process by simplifying and streamlining the process itself and as a result was able to cut the size of the accounts payable department by 95 percent. This is an example of
A) retrenchment.
B) kanban.
C) kaizen.
D) reengineering.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: A fixed-position production layout would be particularly
Q4: Higher product quality can increase efficiency, increase
Q5: The total amount of raw materials and
Q6: Describe a just-in-time (JIT)inventory system.
Q7: Which of the following describes the product
Q9: CRM systems have two interconnected components: sales
Q10: What is one way that CRM can
Q11: In measuring the total factor productivity of
Q12: Lambretti and Sons is an international manufacturer
Q13: A JIT system<br>A)increases inventory turnover.<br>B)reduces inventory holding