Distinguish between push-through and pull-through production methods. How does pull-through production meet the requirements of a just-in-time operating environment?
Using traditional operating procedures and the push-through method, products are produced in big batches and stored in anticipation of customer orders.
Using pull-through production, a customer's order triggers the purchase of materials and the scheduling of production to make the products. As a result, minimal inventories are maintained. A foremost objective of a JIT environment is to minimize inventory levels and thereby reduce inventory cost.
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Situational approach to leadership ______.
A. clearly describes how a follower’s age impacts a leader’s style decisions B. emphasizes cultural competence for leaders across all situations C. does not account for gender in leader–follower prescriptions D. does not consider followers’ skill levels
A joint venture is an arrangement in which two or more business entities combine their resources to pursue an ongoing business operation
Indicate whether the statement is true or false
When justifying her considerations for her China-based wine importation company's foreign market entry, Ming-Chi probably would not choose
A. entering a new foreign country via internal development and building a foreign subsidiary from scratch by having the ability to gain increased access to distribution channels and networks. B. entering a new foreign country via internal development and building a foreign subsidiary from scratch adding new production capacity, because it will adversely impact the supply-demand balance in the local market. C. entering a new foreign country via internal development and building a foreign subsidiary from scratch when having scale economies to compete against local rivals. D. entering a new foreign country via internal development and building a foreign subsidiary from scratch, because it is cheaper than making an acquisition. E. entering a new foreign country via internal development and building a foreign subsidiary from scratch, because it is cheaper than entering into strategic alliances and cooperative agreements.
Permanent sources of financing include all but
A) preferred stock. B) commercial paper. C) common stock. D) corporate bonds.