Facilities Management Strategy

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What is a primary benefit of improving supply chain management in the context of globalization?

Reducing costs such as labor, taxes, and tariffs (correct)

Attracting and retaining local talent

Developing a competitive maintenance strategy

Enhancing inventory management through advanced scheduling

What is the primary purpose of a mission statement in an organizational context?

To determine the organization's scheduling approach

To outline the organization's competitive advantage

To define the organization's direction and goals (correct)

To define the organization's maintenance strategy

Which company is known for its efficient utilization of equipment?

Walmart

Johnson Electric

Hewlett-Packard

Southwest Airlines (correct)

Which of the following is an intangible reason to globalize?

Understanding markets and learning to improve operations Signup and view all the answers

What is the primary role of a strategy in an organizational context?

To provide a roadmap for achieving the organization's mission Signup and view all the answers

What is a key aspect of competing on response?

Flexibility in design innovation Signup and view all the answers

What is a key benefit of attracting and retaining global talent in the context of globalization?

Gaining a competitive advantage through knowledge and expertise Signup and view all the answers

Which of the following is a current challenge in Operations Management?

Supply-chain partnering Signup and view all the answers

What is a key benefit of competing on response?

Increasing flexibility in design innovation Signup and view all the answers

Which company is known for its reliability in meeting schedules?

German machine industry Signup and view all the answers

What is the primary goal of preventive maintenance and prompt repair of facilities and equipment?

To achieve high utilization of facilities and equipment Signup and view all the answers

Which type of competitive strategy involves providing unique products or services that differentiate a company from its competitors?

Differentiation Signup and view all the answers

What is the primary objective of competing on cost?

To provide the maximum value as perceived by the customer Signup and view all the answers

Which of the following is NOT a type of competitive strategy?

Market orientation Signup and view all the answers

What is the purpose of a maintenance strategy in supply chain management?

To achieve high utilization of facilities and equipment Signup and view all the answers

Which of the following companies is an example of a company that competes on differentiation through its unique experience?

Walt Disney Magic Kingdom Signup and view all the answers

Facilities Management Strategy

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