Question 1

An important opportunity in green sourcing is waste reduction opportunities.

Accepted Answer

A) True 
 B)False

Question 2

When considering outsourcing, what should firms be sure to avoid?

Accepted Answer

A)  Losing control of noncore activities that don't distinguish the firm 
B)  Allowing outsourcing to develop into a substitute for innovation 
C)  Giving the outsourcing partner opportunities to become a strong competitor 
D)  Allowing employees transferred to the outsourcing partner to rejoin the firm 
E)  Adverse corporate tax implications of asset transfers to the outsourcing partner 
A)  Losing control of noncore activities that don't distinguish the firm 
B)  Allowing outsourcing to develop into a substitute for innovation 
C)  Giving the outsourcing partner opportunities to become a strong competitor 
D)  Allowing employees transferred to the outsourcing partner to rejoin the firm 
E)  Adverse corporate tax implications of asset transfers to the outsourcing partner

Question 3

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000, which of the following is weeks of supply?

Accepted Answer

A)  45,000 
B)  234 
C)  120 
D)  23.4 
E)  4.5 
A)  45,000 
B)  234 
C)  120 
D)  23.4 
E)  4.5

Question 4

Overemphasis on purchase price frequently results in failure to address other significant costs.

Accepted Answer

A) True 
 B)False

Question 5

First Among Best Solar Inc. announces that they will take back free of cost, all of their solar panels that are no longer useful. Till now, the cost of disposal was significant. This action reduces

Accepted Answer

A)  Acquisition cost 
B)  Total cost of ownership 
C)  Post-ownership costs 
D)  B and C 
E)  None of the above 
A)  Acquisition cost 
B)  Total cost of ownership 
C)  Post-ownership costs 
D)  B and C 
E)  None of the above

Question 6

In the sourcing/purchasing design matrix, there are three variables: contract duration, transaction costs and specificity (assume levels as short, medium and long for contract duration and for the rest, low, medium and high). Vendor managed inventory belongs to

Accepted Answer

A)  long contract duration, high transaction costs and low specificity. 
B)  short contract duration, high transaction costs and low specificity. 
C)  long contract duration, low transaction costs and low specificity. 
D)  long contract duration, high transaction costs and high specificity. 
E)  long contract duration, low transaction costs and high specificity. 
A)  long contract duration, high transaction costs and low specificity. 
B)  short contract duration, high transaction costs and low specificity. 
C)  long contract duration, low transaction costs and low specificity. 
D)  long contract duration, high transaction costs and high specificity. 
E)  long contract duration, low transaction costs and high specificity.

Question 7

At which stage in the six-step process for Green Sourcing are metrics against which vendors will be measured for the contract's duration defined?

Accepted Answer

A)  Assessing the opportunity 
B)  Engage internal supply chain sourcing agents 
C)  Assess the supply base 
D)  Implement the sourcing strategy 
E)  Institutionalize the sourcing strategy 
A)  Assessing the opportunity 
B)  Engage internal supply chain sourcing agents 
C)  Assess the supply base 
D)  Implement the sourcing strategy 
E)  Institutionalize the sourcing strategy

Question 8

The total value of all items held in inventory for the firm valued at cost is which of the following?

Accepted Answer

A)  Cost of goods to be sold 
B)  Average aggregate inventory value 
C)  Weeks supply of goods 
D)  Inventory turnover 
E)  None of these 
A)  Cost of goods to be sold 
B)  Average aggregate inventory value 
C)  Weeks supply of goods 
D)  Inventory turnover 
E)  None of these

Question 9

In outsourcing, which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?

Accepted Answer

A)  Activities involving people 
B)  Activities involving facilities 
C)  Activities involving equipment 
D)  Activities involving shareholders 
E)  Activities involving technology 
A)  Activities involving people 
B)  Activities involving facilities 
C)  Activities involving equipment 
D)  Activities involving shareholders 
E)  Activities involving technology

Question 10

The total cost of ownership (TCO) can be categorized into three areas: acquisition costs, ownership costs, and post-ownership costs.

Accepted Answer

A) True 
 B)False

An important opportunity in green sourcing is waste reduction opportunities.

When considering outsourcing, what should firms be sure to avoid?

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000, which of the following is weeks of supply?

Overemphasis on purchase price frequently results in failure to address other significant costs.

First Among Best Solar Inc. announces that they will take back free of cost, all of their solar panels that are no longer useful. Till now, the cost of disposal was significant. This action reduces

In the sourcing/purchasing design matrix, there are three variables: contract duration, transaction costs and specificity (assume levels as short, medium and long for contract duration and for the rest, low, medium and high). Vendor managed inventory belongs to

At which stage in the six-step process for Green Sourcing are metrics against which vendors will be measured for the contract's duration defined?

The total value of all items held in inventory for the firm valued at cost is which of the following?

In outsourcing, which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?

The total cost of ownership (TCO) can be categorized into three areas: acquisition costs, ownership costs, and post-ownership costs.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Location, Logistics, and Distribution

Filters

Exam 13: Global Sourcing and Procurement

An important opportunity in green sourcing is waste reduction opportunities.

When considering outsourcing, what should firms be sure to avoid?

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000, which of the following is weeks of supply?

Overemphasis on purchase price frequently results in failure to address other significant costs.

First Among Best Solar Inc. announces that they will take back free of cost, all of their solar panels that are no longer useful. Till now, the cost of disposal was significant. This action reduces

In the sourcing/purchasing design matrix, there are three variables: contract duration, transaction costs and specificity (assume levels as short, medium and long for contract duration and for the rest, low, medium and high). Vendor managed inventory belongs to

At which stage in the six-step process for Green Sourcing are metrics against which vendors will be measured for the contract's duration defined?

The total value of all items held in inventory for the firm valued at cost is which of the following?

In outsourcing, which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?

The total cost of ownership (TCO) can be categorized into three areas: acquisition costs, ownership costs, and post-ownership costs.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Location, Logistics, and Distribution

Filters