Core Competencies Are Resources and Capabilities That Serve as a Source

question 77

Short Answer

Core competencies are resources and capabilities that serve as a source of a firm's __________ over rivals.

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Definitions:

Materials Requirement Plan (MRP)

A system for calculating the materials and components needed to manufacture a product, ensuring the right materials are available for production at the right time.

Independent Demand Items

Products for which demand is not influenced by the demand for other products, typically finished goods or spare parts.

Adaptive Manufacturing

A flexible approach to production that can be quickly adjusted in response to changing market demands or technological advancements.

Lean Manufacturing

A systematic method for waste minimization within manufacturing systems without sacrificing productivity.