15. GLOBAL MANUFACTURING AND MATERIALS MANAGEMENT QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

15. GLOBAL MANUFACTURING AND MATERIALS MANAGEMENT QUESTIONS AND ANSWERS WITH SOLUTIONS 2024 Logistics - ANSWER refers to the procurement and physical transmission of material through the supply chain, from suppliers to customers The strategic objectives of the production and logistics function are - ANSWER to lower costs to increase product quality by eliminating defective products from both the supply chain and the manufacturing process Better quality control helps firms reduce costs because - ANSWER time is not wasted manufacturing poor quality products that cannot be sold re-work and scrap costs are lower warranty costs and the time used too fix defective products are lower Six Sigma - ANSWER quality improvement program aims to reduce defects, boost productivity, eliminate waste, and cut costs throughout a company Six Sigma is a direct descendant of - ANSWER total quality management (TQM) When deciding where to locate production facilities, firms must consider - ANSWER *country factors *technological factors *product factors flexible manufacturing technology or lean production - ANSWER reduce set up times for complex equipment increase the utilization of individual machines through better scheduling improve quality control at all stages of the manufacturing process