ch16
Student: ___________________________________________________________________________

1.

According to the text, Zara's strategy of speed and flexibility has enabled the company to eliminate inventory. True False According to the text, Zara's strategy focuses on continual renewal of its clothing lines. True False According to the text, outsourcing is hiring others to do noncore activities. True False According to the text, any activity in the value chain can be outsourced except for strategy and management. True False According to the text, the process of coordinating and integrating the flow of materials, information, finances, and services within and among companies in the value chain is called operations management. True False Supply chains are an integral part of global quality and cost management initiatives, since a typical company's supply chain costs can represent over 80 percent of assets. True False Because inventory is carried at each stage in the supply chain, and because inventory ties up money, it has been argued that the ultimate goal of effective supply chain management systems is to reduce inventory. True False According to the text, shorter and less predictable product life cycles have placed reduced emphasis on supply chains and their performance. True False Effective supply chain management can enhance a company's ability to manage regulatory, social, and other environmental pressures, both within a nation and globally. True False

2. 3. 4.

5.

6.

7.

8.

9.

10. An important consideration in design is the extent to which the international company's products and services will be standardized across nations or regions. True False 11. The "over-the-wall" approach to product design involves an initial step in which the designers prepare the product's design, followed by sending the newly created design to the company's