A local manufacturing company knows that its current stock turns equals 4. It also sees that a local software company has a stock turn of 22. What does this baseline say about the local manufacturing company?
Answer(s): C
Because these are two separate companies you will not be able to make a good comparison between the companies based on stock turns.
When a provider is targeting the best value for their money, the aim is to provide extra value at a good price. Which of the 5 generic competitive advantages identified by the text "Crafting and Executing Strategy" by Thompson, Strikland and Gamble would be described?
Answer(s): D
When a provider is targeting the best value for their money and the aim is to provide extra value at a good price then they are aiming for the Best Cost Provider.
A company that has a functional layout and utilizing a job shop manufacturing process should use what type of strategy focus?
A company that has a functional layout and utilizing a job shop manufacturing process should use a process focus. This would focus in on making the processes in the job shop more efficient.
According to Stonebraker and Leong article, which of the following is NOT a dimension of operations management?
According to Stonebraker and Leong the 4 dimensions of operations management are1. Level of interaction2. Operations management focus3. Critical resources4. Nlarketing
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