Exam 7: Supplier Management

A request for proposal (RFP)is used when the firm knows exactly what they need,whereas a request for quote (RFQ)is used when the firm is open to the materials and technology to meet their need.

A specification for services is known as ________.

The document which contains the specifications of what is needed and details the information that must be submitted by a supplier is known as

Analyzing the relative bargaining positions on parties involved in the negotiation occurs during the debriefing step of the negotiation process.

Discuss the process of designing and implementing a supplier scorecard.

The final step in the process of designing and implementing a supplier scorecard is to educate the supplier on performance measures and implications.

The process of helping a supplier improve performance in areas such as cost,delivery,and quality is known as ________.

The type of relationship in which the buyer and supplier remain independent,with little integration of business processes is known as a(n)________ relationship.

The type of relationship in which the buyer and supplier work together sharing information,knowledge and expertise integrating their business processes is known as a ________ relationship.

Discuss the concept of win-win negotiations in supplier selection.

Switching costs are usually high in collaborative supplier relationships.

The first step in the supplier management process is to ________.

Identifying key projects to work on occurs before the critical supplier is identified for the supplier development process.

Which of the following functional personnel are typical members of a supplier development team?

What kind of supplier relationship is recommended when the item is a critical item and supply risk is high?

The kind of supplier relationship that is usually recommended when the item is a non-critical item and the importance of technology is low is a ________ relationship.

The first step in the supplier development process is to ________.

The kind of supplier relationship that is usually recommended when the item is a critical item and supply risk is high is a ________ relationship.

What kind of supplier relationship is recommended when the item is a non-critical item and the importance of technology is low?

A description that details the exact quantities of all purchased raw materials and the precise manner in which an item should be made is known as ________.