Define Production

Materials Management

Logistics

2 reasons for production and material management functions

Improved Quality Control reduces cost in three ways:

Total Quality Management

Six Sigma

ISO 9000

3 Factors to consider for international production

Country Factors

Minimum Efficient Scale

The Larger the minimum efficient scale of a plant

Flexible Manufacturing Technology (Lean Production)

Technology Factors

Mass Customization

Product Factors

Concentrated Manufacturing makes sense when...

Decentralization of manufacturing is approriate when

Make or buy decisions

The Advantage of Make

The Advantage of Buy

Outsourcing

Off-shoring