Question 1

Which of the following statements is false regarding category strategy?

Accepted Answer

A) Companies, in the future, will look beyond cost, quality and delivery as purchase category strategy goals. 
B) Companies will increasingly use value-focused sourcing approaches to evaluate how a supplier or group of suppliers may be utilized to gain competitive advantage for categories with high business impact. 
C) There will be increasing use of value chain mapping, big data, and predictive analytics to better understand industry trends, cost modeling and scenario planning techniques to develop, evaluate, and select from purchase category strategy alternatives. 
D) Establishing core competencies and capabilities has influenced the strategic planning process and category strategy development at most firms. 
E) Groups of suppliers (versus supply networks) will become an increasing focus of purchase category strategies. 
A) Companies, in the future, will look beyond cost, quality and delivery as purchase category strategy goals. 
B) Companies will increasingly use value-focused sourcing approaches to evaluate how a supplier or group of suppliers may be utilized to gain competitive advantage for categories with high business impact. 
C) There will be increasing use of value chain mapping, big data, and predictive analytics to better understand industry trends, cost modeling and scenario planning techniques to develop, evaluate, and select from purchase category strategy alternatives. 
D) Establishing core competencies and capabilities has influenced the strategic planning process and category strategy development at most firms. 
E) Groups of suppliers (versus supply networks) will become an increasing focus of purchase category strategies.

Question 2

Technology and supplier selection discussion during new-product development have minimal effect on cost, quality, and product/service launch, as well as future production.

Accepted Answer

A) True 
 B)False

Question 3

Outsourcing will likely continue, although firms will be carefully examining and sometimes rebalancing their insourcing or outsourcing and supplier location patterns.

Accepted Answer

A) True 
 B)False

Question 4

The overall purpose of [a] _____ is to maximize value to the buyer and supplier by leveraging both internal company and external supplier resources and capabilities.

Accepted Answer

A) purchase category strategy 
B) just-in-time manufacturing 
C) kanban 
D) cost reduction 
E) None of these answers. 
A) purchase category strategy 
B) just-in-time manufacturing 
C) kanban 
D) cost reduction 
E) None of these answers.

Question 5

Supply chains are getting longer and more global.

Accepted Answer

A) True 
 B)False

Question 6

There will be increasing use of value chain mapping, big data, and predictive analytics to better understand industry trends.

Accepted Answer

A) True 
 B)False

Question 7

Globalization will require that companies develop specific and tailored approaches to identify and hire foreign nationals.

Accepted Answer

A) True 
 B)False

Question 8

In strategy formulation and selection, supplier networks will decreasingly be viewed as the unit of analysis.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is one of the external forces affecting purchasing and supply management's role and required contributions to a firm's success?

Accepted Answer

A) Global, regional competition and emerging market growth. 
B) Mergers, acquisitions, and supply market consolidation. 
C) Technology innovation. 
D) Increased governmental regulation and social responsibilities. 
E) All of these answers. 
A) Global, regional competition and emerging market growth. 
B) Mergers, acquisitions, and supply market consolidation. 
C) Technology innovation. 
D) Increased governmental regulation and social responsibilities. 
E) All of these answers.

Question 10

Firms, not supply chains or supply networks, compete.

Accepted Answer

A) True 
 B)False

Question 11

Perhaps the most obvious area where firms are concentrating their time-reduction efforts is during new-product and process development along with achieving innovation.

Accepted Answer

A) True 
 B)False

Question 12

External collaboration will signal a shift from cooperation (and two-way collaboration) to pure competition (and adversarial) for some segments (and purchasing categories) of a company's supply base.

Accepted Answer

A) True 
 B)False

Question 13

Purchasing and supply will be expected to play a growing role in the sustainability efforts of firms, many of which closely involve suppliers.

Accepted Answer

A) True 
 B)False

Question 14

The supply base will be viewed not only as tier one suppliers but also as supply networks that extend beyond the tier-one suppliers.

Accepted Answer

A) True 
 B)False

Which of the following statements is false regarding category strategy?

Technology and supplier selection discussion during new-product development have minimal effect on cost, quality, and product/service launch, as well as future production.

Outsourcing will likely continue, although firms will be carefully examining and sometimes rebalancing their insourcing or outsourcing and supplier location patterns.

The overall purpose of [a] _____ is to maximize value to the buyer and supplier by leveraging both internal company and external supplier resources and capabilities.

Supply chains are getting longer and more global.

There will be increasing use of value chain mapping, big data, and predictive analytics to better understand industry trends.

Globalization will require that companies develop specific and tailored approaches to identify and hire foreign nationals.

In strategy formulation and selection, supplier networks will decreasingly be viewed as the unit of analysis.

Which of the following is one of the external forces affecting purchasing and supply management's role and required contributions to a firm's success?

Firms, not supply chains or supply networks, compete.

Perhaps the most obvious area where firms are concentrating their time-reduction efforts is during new-product and process development along with achieving innovation.

External collaboration will signal a shift from cooperation (and two-way collaboration) to pure competition (and adversarial) for some segments (and purchasing categories) of a company's supply base.

Purchasing and supply will be expected to play a growing role in the sustainability efforts of firms, many of which closely involve suppliers.

The supply base will be viewed not only as tier one suppliers but also as supply networks that extend beyond the tier-one suppliers.

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

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

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

Filters

Exam 20: Purchasing and Supply Strategy Trends

Which of the following statements is false regarding category strategy?

Technology and supplier selection discussion during new-product development have minimal effect on cost, quality, and product/service launch, as well as future production.

Outsourcing will likely continue, although firms will be carefully examining and sometimes rebalancing their insourcing or outsourcing and supplier location patterns.

The overall purpose of [a] _____ is to maximize value to the buyer and supplier by leveraging both internal company and external supplier resources and capabilities.

Supply chains are getting longer and more global.

There will be increasing use of value chain mapping, big data, and predictive analytics to better understand industry trends.

Globalization will require that companies develop specific and tailored approaches to identify and hire foreign nationals.

In strategy formulation and selection, supplier networks will decreasingly be viewed as the unit of analysis.

Which of the following is one of the external forces affecting purchasing and supply management's role and required contributions to a firm's success?

Firms, not supply chains or supply networks, compete.

Perhaps the most obvious area where firms are concentrating their time-reduction efforts is during new-product and process development along with achieving innovation.

External collaboration will signal a shift from cooperation (and two-way collaboration) to pure competition (and adversarial) for some segments (and purchasing categories) of a company's supply base.

Purchasing and supply will be expected to play a growing role in the sustainability efforts of firms, many of which closely involve suppliers.

The supply base will be viewed not only as tier one suppliers but also as supply networks that extend beyond the tier-one suppliers.

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

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

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

Filters