In a Just-In-Time Manufacturing System,reliable Vendor Relationships Are Essential Only

question 46

True/False

In a just-in-time manufacturing system,reliable vendor relationships are essential only if the prices they charge are the lowest possible prices.

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Definitions:

Oligarchy

Means “rule of the few.” All bureaucracies have a supposed tendency for power to become increasingly concentrated in the hands of a few people at the top of the organizational pyramid.

Social Network

A structure made up of individuals or organizations that are connected by one or more specific types of interdependency, such as friendship, kinship, common interest, or relationships of beliefs, knowledge, or prestige.

Emotional Resources

Emotional resources are the internal assets, such as resilience, optimism, and emotional intelligence, that individuals draw upon to manage stress and challenges.

Material Resources

Physical or tangible assets that can be used to produce goods and services, including natural resources, buildings, machinery, and tools.