According to the theory of constraints, the term “productivity” is defined as all those
actions that bring a company closer to its goals.
Subcontracting is viewed as a risky strategy because the firm may lose control of
product design and pricing.
The process when a company seeks to match the benefits of a successful position while
maintaining its existing position by adding new features, services, and technologies into
its current portfolio is called flexibility.
On an assembly line, a process batch can be infinite.
One of the cost impact and payoff analysis tools from the operations consulting tool kit
is gap analysis.
A competency is not core if it is easy for competitors to imitate.
Complex consulting engagements that require a great deal of innovation and creativity
are sometimes called “gray hair” projects because they require a great deal of
experience on the part of the consultants.
Synchronous manufacturing refers to the entire production process working together in
harmony to achieve the goals of the firm.
Facility location analysis considers the competitive imperative of lowest total cost.
One of the principles of work center scheduling is that the effectiveness of any shop
should be measured by speed of flow through the shop.
The “dollar days” inventory measurement can be used in purchasing to discourage large
work-in-process and producing earlier than is needed.