Exam 6: Strategic Sourcing

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.

(Short Answer)

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Question 41

In the strategic sourcing framework,the margin on a particular item for a supplier is known as the profit impact.

(True/False)

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Question 42

The process of determining what a product should cost based on its component raw material,manufacturing and overhead costs is known as ________.

(Short Answer)

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Question 43

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

(Multiple Choice)

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Question 44

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

(True/False)

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Question 45

The extent to which an item is difficult to source due to a lack of qualified sources or lack of substitutes among others is known as ________.

(Short Answer)

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Question 46

The spend on any item that supports the operation of the firm is categorized within the ________ category.

(Short Answer)

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Question 47

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)

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Question 48

The spend on an item like steel by an automobile manufacturer should be categorized in which spend category?

(Multiple Choice)

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Question 49

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

(Short Answer)

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Question 50

With reference to the strategic sourcing framework,profit impact is

(Multiple Choice)

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Question 51

An auto manufacturer using the portfolio model for strategic sourcing would classify items like office supplies into the leverage items quadrant.

(True/False)

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Question 52

A pricing method that includes maintenance and operation of products is known as ________.

(Short Answer)

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Question 53

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

(Short Answer)

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Question 54

A framework for making purchasing-related strategic management decisions is known as the ________.

(Short Answer)

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Question 55

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

(Short Answer)

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Question 56

A sourcing strategy for items in the routine quadrant will be to simplify the acquisition process.

(True/False)

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Question 57

The process of buying and working with suppliers is known as

(Multiple Choice)

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Question 58

All costs related to the customer's use and disposition of a purchased item are known as ________.

(Short Answer)

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Question 59

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

(Multiple Choice)

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Question 60

Showing 41 - 60 of 78

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.

In the strategic sourcing framework,the margin on a particular item for a supplier is known as the profit impact.

The process of determining what a product should cost based on its component raw material,manufacturing and overhead costs is known as ________.

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

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

The extent to which an item is difficult to source due to a lack of qualified sources or lack of substitutes among others is known as ________.

The spend on any item that supports the operation of the firm is categorized within the ________ category.

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 spend on an item like steel by an automobile manufacturer should be categorized in which spend category?

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

With reference to the strategic sourcing framework,profit impact is

An auto manufacturer using the portfolio model for strategic sourcing would classify items like office supplies into the leverage items quadrant.

A pricing method that includes maintenance and operation of products is known as ________.

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

A framework for making purchasing-related strategic management decisions is known as the ________.

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

A sourcing strategy for items in the routine quadrant will be to simplify the acquisition process.

The process of buying and working with suppliers is known as

All costs related to the customer's use and disposition of a purchased item are known as ________.

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

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

Lean and Six Sigma Management and Leading Change

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