Exam 6: Strategic Sourcing

A company using portfolio model for strategic sourcing decisions decides to form long-term alliances with their key suppliers;the products in question most likely fall in the ________ quadrant.

(Short Answer)

4.9/5

(76)

Question 61

Purchased goods and services typically make up ________% of a firm's cost of goods sold.

(Short Answer)

4.8/5

(69)

Question 62

A purchased good that can have a big effect on profitability but only has a few qualified suppliers is a(n)________ item.

(Short Answer)

4.9/5

(87)

Question 63

The spend on building and large equipment is categorized within the ________ category.

(Short Answer)

4.7/5

(87)

Question 64

What has been the focus of the purchasing function in the new millennium (year 2000 onwards)and what is its impact on the firm?

(Essay)

4.8/5

(90)

Question 65

Purchased goods and services typically make up under 50% of a firm's cost of goods sold.

(True/False)

5.0/5

(90)

Question 66

What is the new profit margin with a 10-percent reduction in the cost of materials,assuming sales remain the same?

(Multiple Choice)

4.7/5

(87)

Question 67

A sourcing strategy for items in the bottleneck quadrant will be to develop new suppliers.

(True/False)

5.0/5

(83)

Question 68

The spend on an item like spare parts for the factory equipment should be categorized in which spend category?

(Multiple Choice)

4.9/5

(75)

Question 69

For a computer manufacturer,items like the processor,which has only a few qualified suppliers,will be classified in the bottleneck quadrant.

(True/False)

4.7/5

(87)

Question 70

What is the role of supply management on the product development and design process?

(Essay)

4.8/5

(70)

Question 71

A purchased item (though it may have many suppliers)that still has the potential to affect profit because it is associated with high levels of expenditure is a

(Multiple Choice)

4.8/5

(88)

Question 72

The impact of sourcing materials or services with improved quality is usually reduced profitability for the firm.

(True/False)

4.8/5

(67)

Question 73

The sum of acquisition,ownership,and post ownership costs is known as

(Multiple Choice)

4.8/5

(75)

Question 74

Which of the following factors determine supply risk for an item?

(Multiple Choice)

4.8/5

(80)

Question 75

A purchased good that can have a big effect on profitability but only has a few qualified suppliers is a

(Multiple Choice)

4.9/5

(58)

Question 76

What is the required increase in sales to have the same effect on the bottom line as a 10-percent reduction in the cost of materials?

(Multiple Choice)

4.9/5

(85)

Question 77

The process of planning,evaluating,implementing,and controlling sourcing decisions is known as ________.

(Short Answer)

4.9/5

(79)

Question 78

Showing 61 - 78 of 78

A company using portfolio model for strategic sourcing decisions decides to form long-term alliances with their key suppliers;the products in question most likely fall in the ________ quadrant.

Purchased goods and services typically make up ________% of a firm's cost of goods sold.

A purchased good that can have a big effect on profitability but only has a few qualified suppliers is a(n)________ item.

The spend on building and large equipment is categorized within the ________ category.

What has been the focus of the purchasing function in the new millennium (year 2000 onwards)and what is its impact on the firm?

Purchased goods and services typically make up under 50% of a firm's cost of goods sold.

What is the new profit margin with a 10-percent reduction in the cost of materials,assuming sales remain the same?

A sourcing strategy for items in the bottleneck quadrant will be to develop new suppliers.

The spend on an item like spare parts for the factory equipment should be categorized in which spend category?

For a computer manufacturer,items like the processor,which has only a few qualified suppliers,will be classified in the bottleneck quadrant.

What is the role of supply management on the product development and design process?

A purchased item (though it may have many suppliers)that still has the potential to affect profit because it is associated with high levels of expenditure is a

The impact of sourcing materials or services with improved quality is usually reduced profitability for the firm.

The sum of acquisition,ownership,and post ownership costs is known as

Which of the following factors determine supply risk for an item?

A purchased good that can have a big effect on profitability but only has a few qualified suppliers is a

What is the required increase in sales to have the same effect on the bottom line as a 10-percent reduction in the cost of materials?

The process of planning,evaluating,implementing,and controlling sourcing decisions is known as ________.

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