Question 1

In _____, a buyer selects or develops suppliers with multiple or redundant capabilities.

Accepted Answer

A) single sourcing 
B) cross-sourcing 
C) global sourcing 
D) strategic sourcing 
E) sole sourcing 
A) single sourcing 
B) cross-sourcing 
C) global sourcing 
D) strategic sourcing 
E) sole sourcing

Question 2

Short-term purchase contracts that award small volumes of business to multiple suppliers decrease production costs and provide incentive for individual supplier investments in process improvement.

Accepted Answer

A) True 
 B)False

Question 3

_____ allows a buying organization to react more quickly when risk events occur by already having previously prepared plans and proposed responses in place in advance of the actual event.

Accepted Answer

A) Hedging 
B) Use of third party intermediaries 
C) Multiple sourcing 
D) Scenario analysis 
E) None of these answers. 
A) Hedging 
B) Use of third party intermediaries 
C) Multiple sourcing 
D) Scenario analysis 
E) None of these answers.

Question 4

All of the following are examples of purchasing fraud except _____.

Accepted Answer

A) bid rigging 
B) falsified pricing 
C) unauthorized substitutions 
D) collusion 
E) backdoor buying 
A) bid rigging 
B) falsified pricing 
C) unauthorized substitutions 
D) collusion 
E) backdoor buying

Question 5

_____ is any action undertaken by a buyer to improve a supplier's performance or capabilities to meet the buyer's short- and long-term supply needs.

Accepted Answer

A) Supply base rationalization 
B) The twenty/eighty rule 
C) Supply base optimization 
D) Supplier development 
E) Six Sigma 
A) Supply base rationalization 
B) The twenty/eighty rule 
C) Supply base optimization 
D) Supplier development 
E) Six Sigma

Question 6

According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization, and the community.

Accepted Answer

A) supply chain risk management 
B) sustainability 
C) ISO 9000:2008 
D) social responsibility 
E) supplier development 
A) supply chain risk management 
B) sustainability 
C) ISO 9000:2008 
D) social responsibility 
E) supplier development

Question 7

The _____ provides all suppliers, regardless of their performance history, a chance to remain in the supply base.

Accepted Answer

A) "improve or else" approach 
B) triage approach 
C) competency staircase approach 
D) twenty/eighty rule 
E) Six Sigma approach 
A) "improve or else" approach 
B) triage approach 
C) competency staircase approach 
D) twenty/eighty rule 
E) Six Sigma approach

Question 8

Which of the following is not one of the typical uses of supplier measurement data?

Accepted Answer

A) Supporting supply base rationalization and optimization. 
B) Identifying those highly capable suppliers that may qualify for consideration of longer-term partnerships or designation as preferred suppliers. 
C) Identifying those suppliers that are not performing at expected levels so that appropriate remedial or development actions can be taken. 
D) Deciding where to locate supplier facilities. 
E) Determining a supplier's future purchase volume based on its past performance. 
A) Supporting supply base rationalization and optimization. 
B) Identifying those highly capable suppliers that may qualify for consideration of longer-term partnerships or designation as preferred suppliers. 
C) Identifying those suppliers that are not performing at expected levels so that appropriate remedial or development actions can be taken. 
D) Deciding where to locate supplier facilities. 
E) Determining a supplier's future purchase volume based on its past performance.

Question 9

Scenario planning begins with the creation of viable working strategies and plans that would allow managers to respond quickly in the event that a specific risk scenario should actually occur.

Accepted Answer

A) True 
 B)False

In _____, a buyer selects or develops suppliers with multiple or redundant capabilities.

Short-term purchase contracts that award small volumes of business to multiple suppliers decrease production costs and provide incentive for individual supplier investments in process improvement.

_____ allows a buying organization to react more quickly when risk events occur by already having previously prepared plans and proposed responses in place in advance of the actual event.

All of the following are examples of purchasing fraud except _____.

_____ is any action undertaken by a buyer to improve a supplier's performance or capabilities to meet the buyer's short- and long-term supply needs.

According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization, and the community.

The _____ provides all suppliers, regardless of their performance history, a chance to remain in the supply base.

Which of the following is not one of the typical uses of supplier measurement data?

Scenario planning begins with the creation of viable working strategies and plans that would allow managers to respond quickly in the event that a specific risk scenario should actually occur.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 9: Supplier Management and Development: Creating a World-Class Supply Base

In _____, a buyer selects or develops suppliers with multiple or redundant capabilities.

Short-term purchase contracts that award small volumes of business to multiple suppliers decrease production costs and provide incentive for individual supplier investments in process improvement.

_____ allows a buying organization to react more quickly when risk events occur by already having previously prepared plans and proposed responses in place in advance of the actual event.

All of the following are examples of purchasing fraud except _____.

_____ is any action undertaken by a buyer to improve a supplier's performance or capabilities to meet the buyer's short- and long-term supply needs.

According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization, and the community.

The _____ provides all suppliers, regardless of their performance history, a chance to remain in the supply base.

Which of the following is not one of the typical uses of supplier measurement data?

Scenario planning begins with the creation of viable working strategies and plans that would allow managers to respond quickly in the event that a specific risk scenario should actually occur.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters