One of the main advantages of standardization is that it increases the potential variety of products. A disadvantage of standardization is the possibility of standardizing designs too early, which may make it difficult to modify in the future. Reducing consumer choices makes service more efficient.
What is meant by standardization of a product?
Standardization refers to the extent to which there is absence of variety in a product, service, or process. TRUE The advantages of standardization include which of the following? (I.) The opportunity to freeze design at a very early stage (II.) Fewer parts to deal with in inventory (III.) Reduced training cost and time (IV.)
Which of the following is a disadvantage of standardization?
A disadvantage of standardization is the possibility of standardizing designs too early, which may make it difficult to modify in the future true Standardization refers to the extent to which there is absence of variety in a product, service, or process.
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What are the disadvantages of standardization?
What is design for manufacturing?
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What is the purpose of standardization quizlet?
A primary purpose of standardized test is to assist in the determination of a diagnosis to the use of normative scores that compared the child's performance with that of an age-matched sample of children.
What is a strategy of producing basically standardized goods and services but also incorporating some customization in the final product service?
Mass customization: A strategy of producing standardized goods or services, but incorporating some degree of customization.
Which of the following is a strategic competitive advantage that an effective product and service design process can provide?
Which of the following is a strategic competitive advantage that an effective product and service design process can provide? Reduction in the time to market for new products or services.
Which of the following is a systematic approach to managing the series of changes?
Product lifecycle management (PLM) is a systematic approach to managing the series of changes a product goes through, from its design and development to its ultimate retirement or disposal.
Which of the following is an advantage of standardization?
Advantages of standardization Rationalize different varieties of products. Decrease the volume of products in the store and also the manufacturer cost. Improve the management and design. Speed up the management of orders.
What do we call a strategy of producing standardized goods or services but incorporating some degree of customization?
mass customization. A strategy of producing basically standardized goods or services, but incorporating some degree of customization in the final product or service.
Which one of the following is not an advantage of standardization?
Question: Which is not an advantage of standardization? More routine purchasing Fewer parts to deal with manufacturing Freezing design at a very early stage of product life cycle Reduced training costs and time (Mass Customization)* Which is not an example of mass customization.
What are the 3 types of competitive advantage?
Michael Porter, the famous Harvard Business School professor, identified three strategies for establishing a competitive advantage: Cost Leadership, Differentiation, and Focus (which includes both Cost Focus and Differentiation Focus)[1].
Which of the following are disadvantages of standardization?
Disadvantages of standardization include: Lack of adaptation, since markets are different and dynamic, standardization is always challenged to meet these changes.
What is a systematic approach to managing the series of changes a product goes through from its conception to its end of life multiple choice question?
Product lifecycle management (PLM) handles a firm's approach to the various phases of a product's development through to its ultimate decline. PLM involves all stages, including the development and manufacturing of a product, to its marketing and customer segmentation.
In which stage of the product life cycle should product strategy focus on forecasting capacity requirements?
b . In the growth stage of the product lifecycle, the management may focus on the product strategy by forecasting the capacity requirement. It helps the product to gain a large share in the market.
Which of the following is a feature common to all forecasting models?
Which of the following is a feature common to all forecasting models? Forecasts are more accurate for shorter rather than for longer time horizons. Forecasts are more accurate for groups of items rather than for individual items.
What are cooperative agreements that allow firms to remain independent but pursue strategies consistent with their individual missions?
Alliances—Cooperative agreements that allow firms to remain independent, but that pursue strategies consistent with their individual missions.
What is defined as the science and art of ensuring that goods and services are created and delivered successfully to customers?
Prof. Fandel; Chapter 1: Goods,Services, and Ops Management.QuestionAnswerOperations Management (OM)The science and art of ensuring that goods and services are created and delivered successfully to customers.Three core issues of Operations Management:1) Efficiency 2) Cost of Operations 3) Quality of goods and services23 more rows
What is the objective of the product decision?
The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage.
What is an umbrella of software programs that may include CAD CAM product routing maintenance and other product concerns?
An umbrella of software programs that may include CAD/CAM, DFMA, product routing, maintenance, and other product concerns is called. enterprise resource management software.
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One step that isn't part of service blueprinting is: A. Eliminate boundaries for the service and decide on the level of interaction needed B. Identify and determine the sequence of customer and service actions and interactions
What is standardized mortality ration?
standardized mortality ration --> observed number of deaths per year/expected number of deaths per year
How to find prevalence if population is steady state?
prevalence = incidence x duration of disease if population is in steady state
What are the disadvantages of standardization?
A disadvantage of standardization is the possibility of standardizing designs too early, which may make it difficult to modify in the future. true. Standardization refers to the extent to which there is absence of variety in a product, service, or process. TRUE.
What is design for manufacturing?
design for manufacturing, The designing of products that are compatible with an organization's abilities. design for assembly. Design that focuses on reducing the number of parts in a product and on assembly methods and sequence. manufacturability.