Question 1

The SRM includes those processes that are focused on the interaction between _____ and the ______that are upstream in the supply chain.

Accepted Answer

A) Enterprise; suppliers 
B) Consumer; producer 
C) Technology; labor 
D) Software; hardware 
A) Enterprise; suppliers 
B) Consumer; producer 
C) Technology; labor 
D) Software; hardware A

Question 2

In the source process, suppliers are evaluated along several key criteria including _________.

Accepted Answer

A) Lead Time 
B) Reliability 
C) Quality and price 
D) All of the above. 
A) Lead Time 
B) Reliability 
C) Quality and price 
D) All of the above. D

Question 3

Technology has played a vital role in SRM, but plays no role in which of the following?

Accepted Answer

A) Systems showing the current status of operations. 
B) Suppliers communicating with customers in real time. 
C) Automating transactional processes 
D) Security enhancements 
A) Systems showing the current status of operations. 
B) Suppliers communicating with customers in real time. 
C) Automating transactional processes 
D) Security enhancements D

Question 4

What best describes the objective of "supply collaboration"?

Accepted Answer

A) To ensure a common plan across the supply chain. 
B) To ensure a common shipment through suppliers. 
C) To negotiate logistics and shipment costs. 
D) None of these. 
A) To ensure a common plan across the supply chain. 
B) To ensure a common shipment through suppliers. 
C) To negotiate logistics and shipment costs. 
D) None of these.

Question 5

What best describes the goal of the SRM process of "Negotiate"?

Accepted Answer

A) To negotiate an effective contract. 
B) To make deals for future contracts. 
C) To close a specific order. 
D) None of the above. 
A) To negotiate an effective contract. 
B) To make deals for future contracts. 
C) To close a specific order. 
D) None of the above.

Question 6

The source process qualifies suppliers and does not help in which of the following?

Accepted Answer

A) Supplier selection. 
B) Contract management. 
C) Supplier assessment. 
D) Supplier promotion. 
A) Supplier selection. 
B) Contract management. 
C) Supplier assessment. 
D) Supplier promotion.

Question 7

Based on the APICS definition of SRM, a firm will implement this philosophy with:

Accepted Answer

A) All Tier 1-type suppliers. 
B) A selected group of suppliers. 
C) All suppliers. 
D) A few suppliers who are deemed indispensable. 
A) All Tier 1-type suppliers. 
B) A selected group of suppliers. 
C) All suppliers. 
D) A few suppliers who are deemed indispensable.

Question 8

What does RFQ stand for?

Accepted Answer

A) Request for Quality 
B) Role of Quality 
C) Request of Quote 
D) Request for Quantity 
A) Request for Quality 
B) Role of Quality 
C) Request of Quote 
D) Request for Quantity

Question 9

The goal of ___________ is to improve the _______ of products through ideas such as the joint selection of components, the ease of manufacturability, etc.

Accepted Answer

A) Logistics; shipment 
B) Marketing; campaigns 
C) Design collaboration; design 
D) Design collaboration; advertisement 
A) Logistics; shipment 
B) Marketing; campaigns 
C) Design collaboration; design 
D) Design collaboration; advertisement

Question 10

The "Buy" process executes the actual ___________ of material from _________.

Accepted Answer

A) Producers; suppliers. 
B) Procurement; suppliers. 
C) Procurement; consumers. 
D) Manufacturer; logistics. 
A) Producers; suppliers. 
B) Procurement; suppliers. 
C) Procurement; consumers. 
D) Manufacturer; logistics.

The SRM includes those processes that are focused on the interaction between _ and the __that are upstream in the supply chain.

In the source process, suppliers are evaluated along several key criteria including _________.

Technology has played a vital role in SRM, but plays no role in which of the following?

What best describes the objective of "supply collaboration"?

What best describes the goal of the SRM process of "Negotiate"?

The source process qualifies suppliers and does not help in which of the following?

Based on the APICS definition of SRM, a firm will implement this philosophy with:

What does RFQ stand for?

The goal of _____ is to improve the _ of products through ideas such as the joint selection of components, the ease of manufacturability, etc.

The "Buy" process executes the actual ___ of material from _.

Core Concepts

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Efficiency

Global Management

Inventory

Logistics

Managing Supply

Market Segments

Risk

Strategy Alignment

Sustainability

Filters

Exam 13: Supplier Relationship Management

The SRM includes those processes that are focused on the interaction between _____ and the ______that are upstream in the supply chain.

In the source process, suppliers are evaluated along several key criteria including _________.

Technology has played a vital role in SRM, but plays no role in which of the following?

What best describes the objective of "supply collaboration"?

What best describes the goal of the SRM process of "Negotiate"?

The source process qualifies suppliers and does not help in which of the following?

Based on the APICS definition of SRM, a firm will implement this philosophy with:

What does RFQ stand for?

The goal of ___________ is to improve the _______ of products through ideas such as the joint selection of components, the ease of manufacturability, etc.

The "Buy" process executes the actual ___________ of material from _________.

Core Concepts

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Efficiency

Global Management

Inventory

Logistics

Managing Supply

Market Segments

Risk

Strategy Alignment

Sustainability

Filters

The SRM includes those processes that are focused on the interaction between _ and the __that are upstream in the supply chain.

The goal of _____ is to improve the _ of products through ideas such as the joint selection of components, the ease of manufacturability, etc.

The "Buy" process executes the actual ___ of material from _.