Examlex
Sandi Barefoot sells the entire output of several small companies based in Silicon Valley. Each of the companies designs and produces remote control devices. Sandi has almost complete control of pricing and selling-because the engineers who started the companies are mainly interested in inventing things. In addition, Sandi often provides working capital to the producers, who have very limited financial resources. Sandi is paid a substantial commission on all sales. Sandi is a:
Global Complementation Strategy
An approach in international business where a company strategically places different parts of its production in different countries to maximize efficiency and minimize costs.
Toyota
A global automotive manufacturer known for its innovative production techniques, such as the Toyota Production System, which emphasizes efficiency, quality, and continuous improvement.
Parts Plant
A facility dedicated to manufacturing components that are used in the assembly of final products.
Manufacturing Cycle
The series of steps or processes involved in the manufacturing of a product, from raw material acquisition to finished product.
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