Question 1

The sourcing strategy for items in the critical quadrant would be to

Accepted Answer

A) use reverse auctions. 
B) decentralize purchasing. 
C) narrow item specifications. 
D) develop long-term partnerships with one or two key suppliers. 
A) use reverse auctions. 
B) decentralize purchasing. 
C) narrow item specifications. 
D) develop long-term partnerships with one or two key suppliers.

Question 2

The main objective of the portfolio model is to determine cost discount targets for different suppliers.

Accepted Answer

A) True 
 B)False

Question 3

The focus of the purchasing function in the new millennium (year 2000 onwards)has been solely on reducing prices.

Accepted Answer

A) True 
 B)False

Question 4

The impact of sourcing materials or services with improved quality for a firm is

Accepted Answer

A) lower profitability. 
B) higher perceived value. 
C) increased market share. 
D) All of the above 
E) Only B and C above 
A) lower profitability. 
B) higher perceived value. 
C) increased market share. 
D) All of the above 
E) Only B and C above

Question 5

The fee levied on a consumer for the disposal of a computer after its end-of-life use is a

Accepted Answer

A) total acquisition cost. 
B) total cost of ownership. 
C) should cost modeling. 
D) post-ownership cost. 
A) total acquisition cost. 
B) total cost of ownership. 
C) should cost modeling. 
D) post-ownership cost.

Question 6

The spend on any item that is part of the final product is categorized within the ________ category.

Accepted Answer

The answer of The spend on any item that is...

Question 7

A basic item like office supplies is a(n)________ item.

Accepted Answer

The answer of A basic item like office supplies is...

Question 8

A company using a portfolio model for strategic sourcing decisions decides to simplify the acquisition process by decentralizing the procurement activities;the products in question most likely fall in the ________ quadrant.

Accepted Answer

The answer of A company using a portfolio model for...

Question 9

A sourcing strategy for items in the leverage quadrant will be to build long-term alliances with a few suppliers.

Accepted Answer

A) True 
 B)False

Question 10

Approximately ________ percent of an item or service's cost is determined in the design stage.

Accepted Answer

The answer of Approximately ________ percent of an item or...

Question 11

The part of a Total Cost of Ownership Analysis that includes maintenance and operation of products is known as ________.

Accepted Answer

The answer of The part of a Total Cost of...

Question 12

For a national pizza restaurant chain,the procurement of cheese will fall in the routine quadrant.

Accepted Answer

A) True 
 B)False

Question 13

The sourcing strategy for procuring leverage items would be to

Accepted Answer

A) use reverse auctions. 
B) decentralize purchasing. 
C) narrow item specifications. 
D) develop long-term partnerships with one or two key suppliers. 
A) use reverse auctions. 
B) decentralize purchasing. 
C) narrow item specifications. 
D) develop long-term partnerships with one or two key suppliers.

Question 14

A purchased item with few alternate sources of supply due to complex manufacturing process is typically a(n)________ item.

Accepted Answer

The answer of A purchased item with few alternate sources...

Question 15

In the portfolio model,depending on the sourcing strategy,an item is assigned to a particular quadrant.

Accepted Answer

A) True 
 B)False

Question 16

A sourcing strategy for items in the bottleneck quadrant will be to narrow the specifications to allow for more product options.

Accepted Answer

A) True 
 B)False

Question 17

Only 25 percent of an item or service's cost is determined in the design stage.

Accepted Answer

A) True 
 B)False

Question 18

A company using portfolio analysis decides to simplify the acquisition process by negotiating an ongoing contract.The quadrant that these items fall in is most probably the

Accepted Answer

A) routine quadrant. 
B) leverage quadrant. 
C) bottleneck quadrant. 
D) critical quadrant. 
A) routine quadrant. 
B) leverage quadrant. 
C) bottleneck quadrant. 
D) critical quadrant.

Question 19

With reference to strategic sourcing,the portfolio model is

Accepted Answer

A) the result of the sheer volume of spend for a particular item. 
B) used to determine cost discounts targets for different suppliers. 
C) a framework for making purchasing-related decisions. 
D) used to make investment decisions in supplier assets. 
A) the result of the sheer volume of spend for a particular item. 
B) used to determine cost discounts targets for different suppliers. 
C) a framework for making purchasing-related decisions. 
D) used to make investment decisions in supplier assets.

Question 20

A review of a firm's entire set of purchases to find what the firm is spending its money on is called ________.

Accepted Answer

The answer of A review of a firm's entire set...

The sourcing strategy for items in the critical quadrant would be to

The main objective of the portfolio model is to determine cost discount targets for different suppliers.

The focus of the purchasing function in the new millennium (year 2000 onwards)has been solely on reducing prices.

The impact of sourcing materials or services with improved quality for a firm is

The fee levied on a consumer for the disposal of a computer after its end-of-life use is a

The spend on any item that is part of the final product is categorized within the ________ category.

A basic item like office supplies is a(n)________ item.

A company using a portfolio model for strategic sourcing decisions decides to simplify the acquisition process by decentralizing the procurement activities;the products in question most likely fall in the ________ quadrant.

A sourcing strategy for items in the leverage quadrant will be to build long-term alliances with a few suppliers.

Approximately ________ percent of an item or service's cost is determined in the design stage.

The part of a Total Cost of Ownership Analysis that includes maintenance and operation of products is known as ________.

For a national pizza restaurant chain,the procurement of cheese will fall in the routine quadrant.

The sourcing strategy for procuring leverage items would be to

A purchased item with few alternate sources of supply due to complex manufacturing process is typically a(n)________ item.

In the portfolio model,depending on the sourcing strategy,an item is assigned to a particular quadrant.

A sourcing strategy for items in the bottleneck quadrant will be to narrow the specifications to allow for more product options.

Only 25 percent of an item or service's cost is determined in the design stage.

A company using portfolio analysis decides to simplify the acquisition process by negotiating an ongoing contract.The quadrant that these items fall in is most probably the

With reference to strategic sourcing,the portfolio model is

A review of a firm's entire set of purchases to find what the firm is spending its money on is called ________.

Introduction to Supply Chain and Operations Management

Supply Chain and Operations Strategy

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Supplier Management

Demand Management and Forecasting

Inventory Management Fundamentals and Independent Demand

Sales and Operations Planning and Enterprise Resource Planning

Logistics

Project Management

Supply Chain Quality Management

Statistical Process Control

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Exam 6: Strategic Sourcing

The sourcing strategy for items in the critical quadrant would be to

The main objective of the portfolio model is to determine cost discount targets for different suppliers.

The focus of the purchasing function in the new millennium (year 2000 onwards)has been solely on reducing prices.

The impact of sourcing materials or services with improved quality for a firm is

The fee levied on a consumer for the disposal of a computer after its end-of-life use is a

The spend on any item that is part of the final product is categorized within the ________ category.

A basic item like office supplies is a(n)________ item.

A company using a portfolio model for strategic sourcing decisions decides to simplify the acquisition process by decentralizing the procurement activities;the products in question most likely fall in the ________ quadrant.

A sourcing strategy for items in the leverage quadrant will be to build long-term alliances with a few suppliers.

Approximately ________ percent of an item or service's cost is determined in the design stage.

The part of a Total Cost of Ownership Analysis that includes maintenance and operation of products is known as ________.

For a national pizza restaurant chain,the procurement of cheese will fall in the routine quadrant.

The sourcing strategy for procuring leverage items would be to

A purchased item with few alternate sources of supply due to complex manufacturing process is typically a(n)________ item.

In the portfolio model,depending on the sourcing strategy,an item is assigned to a particular quadrant.

A sourcing strategy for items in the bottleneck quadrant will be to narrow the specifications to allow for more product options.

Only 25 percent of an item or service's cost is determined in the design stage.

A company using portfolio analysis decides to simplify the acquisition process by negotiating an ongoing contract.The quadrant that these items fall in is most probably the

With reference to strategic sourcing,the portfolio model is

A review of a firm's entire set of purchases to find what the firm is spending its money on is called ________.

Introduction to Supply Chain and Operations Management

Supply Chain and Operations Strategy

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Supplier Management

Demand Management and Forecasting

Inventory Management Fundamentals and Independent Demand

Sales and Operations Planning and Enterprise Resource Planning

Logistics

Project Management

Supply Chain Quality Management

Statistical Process Control

New Section

Filters