Ch 15 Global Production and Supply Chain Management

  1. Production
    Activities involved in creating a product
  2. Supply Chain Management
    The integration and coordination of logistics, purchasing, operations, and market channels activities from raw material to the end-customer
  3. Purchasing
    Part of the supply chain that includes the worldwide buying of raw material, component parts, and products used in manufacturing of the company's products and services
  4. Logistics
    Part of the supply chain that plans, implements, and controls the effective flows and inventory of raw material, component parts, and products used in manufacturing
  5. Upstream Supply Chain
    Portion of the supply chain from raw materials to the production facility
  6. Downstream Supply Chain
    Portion of the supply chain from the production facility to the end-customer
  7. Total Quality Management (TQM)
    Management philosophy that takes as its central focus the need to improve the quality of a company's products and services
  8. Six Sigma
    Statistically based methodology for improving product quality
  9. ISO 9000
    Certification process that requires certain quality standards must be met
  10. Minimum Efficient Scale
    Level of output at which most plant-level scale economies are exhausted
  11. Flexible Manufacturing Technology
    (Lean Production) Manufacturing technology designed to improve job scheduling, reduce setup time, and improve quality control
  12. Mass Customization
    Production of a variety of end products at a unit cost that could once be achieved only through mass production of a standardized output
  13. Flexible Machine Cells
    Grouping of various machine types, a common materials handler, and a centralized cell controller produce a family of products
  14. Global Learning
    Flow of skills and product offerings from foreign subsidiary to home country and from foreign subsidiary to foreign subsidiary
  15. Offshore Factory
    Developed and set up mainly for producing component parts or finished goods at a lower cost than producing them at home or in any other market
  16. Source Factory
    Factory primary purpose is to drive down costs in the global supply chain
  17. Server Factory
    Linked into the global supply chain for a global firm to supply specific country or regional markets around the globe
  18. Contributor Factory
    Factory that serves a specific country or world region
  19. Outpost Factory
    Factory that can be viewed as an intelligence-gathering unit
  20. Lead Factory
    Intended to create new processes, products, and technologies that can be used throughout the global firm in all parts of the world
  21. Make-or-Buy Decisions
    Strategic decisions concerning whether to produce an item in-house ("make") or purchase it from an outside supplier ("buy")
  22. Global Distribution Center
    Facility that positions and allows customization of products for delivery to worldwide wholesalers or retailers, or directly to consumers anywhere in the world; also called a global distribution warehouse
  23. Global Inventory Management
    Decision-making process regarding the raw materials, work-in-process (component parts), and finished goods inventory for a multinational corporation
  24. Packaging
    Container that holds the product itself. It can be divided into primary, secondary, and transit packaging
  25. Transportation
    Movement of inventory through the supply chain
  26. Reverse Logistics
    Process of moving inventory from the point of consumption to the point of origin in supply chains for the purpose of recapturing value or proper disposal
  27. Just in Time (JIT)
    Inventory logistics system designed to deliver parts to a production process as they are needed, not before
  28. Global Supply Chain Coordination
    Shared decision-making opportunities and operational collaboration of key global supply chain activities
Author
shesddeevl
ID
329765
Card Set
Ch 15 Global Production and Supply Chain Management
Description
Ch 15 business terms
Updated