4. The strategy of a reverse vertical integration helps the com O A. ensure the quality of raw materials B. better understand customers' preferences O C. protect the company from costs' inflation D. control sales channels E. enter new markets
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- 2 purposes of outsourcing by Lam & Han (Discuss in 1-2 sentences each item below, use a simple example) a. reduce costs and risks b. improve efficiency1. The manufacturer must translate customer requirements into detailed product and process specifications. Making the translation is the role of the following, except a. research and development b. distribution c. engineering d. product design 2. The following operations systems are predominantly goods-producing, except: a. Car assembly b. Hospitality c. Food processing d. Organic farming 3. This is much broader and long-term than competitive advantage. a. Comparative advantage b. Economic advantage c. Absolute advantage d. Strategic advantage1. Supply Chain focuses only on the physical movement of material and supplies Select one: a. False b. True 2. One of the other departments or functions within an organisation is referred to as servitization. Which of the following statements describes servitization. Select one: a. A transformation process wherein production organisations embrace a service orientation and/or develop more and better services b. Selling the goods or services of the organisation c. Purchasing raw materials, machinery and equipment for the organisation d. Providing management with the relevant information that will enable it to manage effectively and efficiently 3. For each supply chain driver, managers must make tradeoffs between Select one: a. Efficiency and responsiveness b. Costs and benefits c. Time and responsiveness d. Cost and performance e. Value addition The Certainty in decision environment of strategic decisions alludes to: Select one: a. Costly…
- What trade-offs are involved in ( a ) sharing information with other organizations in a supply chainand ( b ) the acquisition of information-processing technology?1. Describe the product Package of Primer Inc. by Identifying the tangible and non-tangible (service) components.2. From an operations management position, why is the company able to charge premium prices? Why are customers willing to pay the premium price?3. Describe the operations of Primer Inc. in terms of the four Vs (Volume, Variety, Variability, and visibility), indicating whether each variable is high or low, and its implication for strategy.4. Explain the role of the following functional areas in supporting the organization’s current operations strategya. Procurementb. Financec. Marketingd. Human Resource Management5. How should each of the following Strategic Operations Management decisions be managed to ensure the success of the company.a. Product and service designb. Managing Qualityc. Process strategyd. Location strategye. Layout Strategyf. Human resourcesg. Supply chain managementh. Inventory Managementi. Schedulingj. MaintenanceMilo Limited, South Africa, is a specialist manufacturer of security doors and gates. In seeking to expand its operations, it could acquire a Dutch subsidiary company, Nabby Guard, or set up a new division in its home market. The relevant figures for these two options are: Set up new division at home Rand Cost of setting up premises 25 000 000 Cost of machinery 14 000 000 Annual sales 41 500 000 Annual variable cost 13 000 000 Head office expenses o The Head office expense includes existing head office expense of R1 000 000 5 000 000 Depreciation: machinery 10% on cost annually 3 900 000 Acquisition Euro Acquire shares from existing shareholders 13 000 000 Redundancy costs 7 000 000 Annual Sales 27 000 000 Annual variable costs 15 000 000 Annual fixed costs 5…
- Under products are manufactured at an overseas location and then shipped back to the home country for sales O a. International distribution systems O b. Inshore manufacturing O c. Offshore manufacturing Od. Integrated global supply chainDetermine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?How do you differentiate Inbound and Outbound Logistics in a Manufacturing Business as to: 1. Product Concern 2. Sourcing of Products PLEASE ANSWER ASAP
- 3. Suppose that a logistics company is designing its offering for a manufacturer of frozen foods to deliver their products to various retailers. Assume that the logistics company follows differentiation strategy to gain competitive advantage. How would this logistics company design the following aspects of the offering in order to create value for the frozen food manufacturer? (a) Product (b) Service (c) Delivery (d) AdviceLemon N' Honey is a juice manufacturing company in the US. It exports its products to Australia, licenses to China, has a joint ownership venture in France, and owns a subsidiary in Brazil. The firm will most likely need to create a(n) ________ to handle all its worldwide activities.a.) export departmentb.) value delivery networkc.) international divisiond.) domestic divisionis needed to convert a supply chain into a value chain:Select one: a. Focusing on the primary activitiesof the organization b. Integration of primary and supportactivities c. Giving importance to supportactivities like infrastructure d. Fast delivery and less lead times