topic 1 Flashcards
All organizations, including service companies such as banks and hospitals, have a production function.
True
Operations Management is mainly applied to industrial companies and not so much to service companies.
False
Operational Excellence is based on very good Indicators for Quality Delivery Time and Costs. It is an absolute concept.
False
The Supply Chain Management coordinates all the activities of this chain, starting with raw materials and ending with a satisfied customer.
True
Attracting and retaining talent, and also extending a product’s life cycle, are two reasons for a company to go global.
True
A product will always be in the same stage of its life cycle regardless of the country.
False
The International strategy uses exports and licenses to penetrate around the world.
True
Supply chain decisions are generally not strategic in nature, because purchasing is not a large expense for most companies.
False
The Multi domestic Operations strategy maximizes local response capacity while achieving significant cost reduction
False
The Transnational Operations Strategy uses standardized products across different countries
False
The Multi domestic Operations Strategy uses the domestic Business Model globally.
True
The Global Operations strategy uses standardized products across countries.
True
Caterpillar and Texas Instruments are two firms that have benefited from the use of the global strategy option.
True
According to the article “Global Supply Chains in a Post-Pandemic World” managers everywhere should totally back away from globalization.
False
According to the article “Jump-starting resilient and reimagined operations”, so that operations leaders can transform their organizations urgently, three types of teams are structured: plan-ahead teams, design teams and implementation teams.
True
