Vertical Integration Means Performing Functions in a Supply Chain Internally

question 21

True/False

Vertical integration means performing functions in a supply chain internally rather than having them outsourced.

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Definitions:

PDCA

A continuous improvement model that involves four stages.

Continuous Improvement

A persistent attempt to better products, services, or processes by making both minor and major improvements.

TQM

Total Quality Management; a comprehensive approach focused on continuous improvement in all aspects of an organization through quality control, customer focus, and employee involvement.

Zero Defects

A quality management philosophy that aims for the minimization and elimination of defects in manufacturing processes and products.