Asked by DYLAN HOLLOWAY on Jun 20, 2024
Verified
Japanese manufacturers often take a middle ground between purchasing from a few suppliers and vertical integration. This approach is
A) kanban.
B) keiretsu.
C) samurai.
D) poka-yoke.
E) kaizen.
Vertical Integration
A strategy where a company acquires or merges with other companies at different stages of production or distribution within the same industry.
Keiretsu
A Japanese term that describes suppliers who become part of a company coalition.
Japanese Manufacturers
Companies based in Japan known for their emphasis on quality, innovation, and efficient production techniques, often within the automobile and electronics industries.
- Review different methodologies in supply chain operations, including drop shipping, joint ventures, and vertical integration.
- Discern the variations among multiple supply chain partnership models, for instance, keiretsu and joint ventures.
Verified Answer
CT
Caden TrafalgarJun 25, 2024
Final Answer :
B
Explanation :
The Japanese approach of collaborating closely with a network of suppliers, rather than relying on just a few or integrating vertically, is called keiretsu. This approach allows for a more flexible supply chain and better relationships with suppliers. Kanban, poka-yoke, and kaizen are all lean manufacturing concepts associated with process improvement and waste reduction. Samurai is not relevant to this context.
Learning Objectives
- Review different methodologies in supply chain operations, including drop shipping, joint ventures, and vertical integration.
- Discern the variations among multiple supply chain partnership models, for instance, keiretsu and joint ventures.