In analyzing competitive forces, three forces exist in evaluating the current situation. They are competitive rivalry, the power of suppliers and buyers, and the threat of new entrants or substitutes. In addition, there are random events which occur that severely disrupt the business environment. Examples are unexpected natural events such as tornadoes, hurricanes, earthquakes and volcanoes. These random events are known as:

A company monitors production by knowing that is in process and what the queue time is. Average run time is 1 hour and queue time are kept fairly uniform by the planning and scheduling process. Jobs are produced in First in, First out sequence. Which of the following information is earlier for monitoring purposes in this scenario?

A job shop environment includes

Actual queue time of a job at a work center is most impacted by the

A potential process transition point that a business with declining production volume may face is

Increasing lead times in an effort to get more work done and meet the schedule will most likely result in

Identifying sources for procurement regardless of location is an example of

A benefit of supplier partnerships is

The first step in establishing a supplier partnership is

Which of the following performance measurements is likely to be the most important to operations managers of a medium volume, short life cycle product line?

A benefit of supplier involvement early in the product development phase is