D080_Unit_5 - Module 10 Considerations for Locating and Relocating Production Facilities(Lesson 37 \u25cf \u25cf \u25cf \u25cf \u25cf \u25cf \u25cf \u25cf \u25cf \u25cf \u25cf \u25cf \u25cf

D080_Unit_5 - Module 10 Considerations for Locating and...

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Module 10 Considerations for Locating and Relocating Production Facilities (Lesson 37) Supply Chain Networks - Complex, evolved form of supply chain includes secondary support and multiple, interrelated supply and distribution lines. Supply Chain - Sequence of processes involved in the production and distribution of a commodity. Value Chain - Process by which a company adds value to product, such as production, marketing, and service. Supply Chain Management - Management of flow of goods or services through the process of moving from production to customer. Production Planning - Allocation of resources in the production process Distribution - Process of supplying goods to customers. Push Model - Supply chain management that focuses decision on the needs of the product. Production Cycle - All the activities needed in creating a product Pull Model - Supply chain management that bases decision and activities on needs of customers. Lean Manufacturing Principles - Collection of methods or theories for reducing waste in manufacturing Multinational Production - Manufacturing process that spans multiple countries outside a firm’s country of origin. Supply Chain Management Principle Components: Creating the supply chain network structure Developing supply chain business processes Managing the supply chain activities Strategic Choices: Export, Local Assembly, Local Production: Manufacture in home country and then export Global components with local assembly Local Production Make-to-Order - Allows customers to customize the product Mass Production - Create large amounts of identical products Mass customization - Combines flexibility of custom production with scale of mass production by allowing customers to dictate some of the design elements in products that will have wide distribution. Value-to-weight ratio - Value of a product per pound or kilogram Fixed costs - Necessary expense of manufacturing process torah than cost of materials or labor used in production.

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