Question 1

Single sourcing is a better choice than multiple sourcing from the perspective of:

Accepted Answer

A) increased competition. 
B) ensuring that a supplier will not become complacent. 
C) spreading risk. 
D) access to the supplier's design and engineering capabilities. 
A) increased competition. 
B) ensuring that a supplier will not become complacent. 
C) spreading risk. 
D) access to the supplier's design and engineering capabilities.

Question 2

A company using portfolio analysis correctly decides to streamline the purchasing process for a few items by use of EDI and automated requisitions to the greatest extent possible.The quadrant that these items fall in is most probably the:

Accepted Answer

A) bottleneck quadrant. 
B) critical quadrant. 
C) leverage quadrant. 
D) routine quadrant. 
A) bottleneck quadrant. 
B) critical quadrant. 
C) leverage quadrant. 
D) routine quadrant.

Question 3

________ is the name for a technique requiring a company to identify and determine all of the major costs associated with different sourcing possibilities.

Accepted Answer

The answer of ________ is the name for a technique...

Question 4

What is sourcing portfolio analysis? Discuss the model and the strategies and tactics associated with each quadrant.

Accepted Answer

In portfolio analysis,the products or se

Question 5

The use of supply chain partners to provide products or services is called:

Accepted Answer

A) outsourcing. 
B) insourcing. 
C) offloading. 
D) partnering. 
A) outsourcing. 
B) insourcing. 
C) offloading. 
D) partnering.

Question 6

Identify the major trends in supply management and their impact from a strategic perspective.

Accepted Answer

The trends in supply management identifi

Question 7

Portfolio analysis begins with assignment to a quadrant before a sourcing strategy is formulated.

Accepted Answer

A) True 
 B)False

Question 8

Flingers Inc.reveals the following information in their annual report for FY 2004.   What is Flingers' return on assets?

Accepted Answer

A) 16% 
B) 20% 
C) 25% 
D) 40% 
A) 16% 
B) 20% 
C) 25% 
D) 40%

Question 9

The two basic types of purchasing contracts are:

Accepted Answer

A) fixed-price and cost-based. 
B) bid-rigged and cost-plus. 
C) cost-zero and fixed-variable. 
D) fixed-quantity and variable-cost. 
A) fixed-price and cost-based. 
B) bid-rigged and cost-plus. 
C) cost-zero and fixed-variable. 
D) fixed-quantity and variable-cost.

Question 10

Cross sourcing is a strategy in which two suppliers are used for the same purchased product or service.

Accepted Answer

A) True 
 B)False

Question 11

In a cost-based contract,the stated price does not change,regardless of fluctuations in the general overall economic conditions.

Accepted Answer

A) True 
 B)False

Question 12

The analyst turned on his banker's lamp,adjusted his eye shade,and slowly pulled a legal pad from his desk.His weathered hands punched the buttons on his desk calculator deliberately as he divided earnings by total assets in order to calculate:

Accepted Answer

A) return on assets. 
B) cost of goods sold. 
C) merchandise inventory. 
D) profit margin. 
A) return on assets. 
B) cost of goods sold. 
C) merchandise inventory. 
D) profit margin.

Question 13

Which of these is a direct cost associated with outsourcing?

Accepted Answer

A) direct material 
B) direct labor 
C) variable overhead 
D) price from invoice 
A) direct material 
B) direct labor 
C) variable overhead 
D) price from invoice

Question 14

The percentage of value of shipments that come from materials for the average manufacturer is:

Accepted Answer

A) greater than or equal to 40 and less than or equal to 49 percent. 
B) greater than or equal to 50 and less than or equal to 59 percent. 
C) greater than or equal to 60 and less than or equal to 69 percent. 
D) greater than or equal to 70 percent. 
A) greater than or equal to 40 and less than or equal to 49 percent. 
B) greater than or equal to 50 and less than or equal to 59 percent. 
C) greater than or equal to 60 and less than or equal to 69 percent. 
D) greater than or equal to 70 percent.

Question 15

Which of these factors is most likely to increase the risk of a missed shipment,communication problem,or human error?

Accepted Answer

A) supply base reduction 
B) global outsourcing 
C) multicriteria decision models 
D) electronic data interchange 
A) supply base reduction 
B) global outsourcing 
C) multicriteria decision models 
D) electronic data interchange

Question 16

A company that regularly outsources goods and services may have established close relationships with their sources and therefore will allow these sources the first opportunity to bid for new business needs.These sources are known as ________.

Accepted Answer

The answer of A company that regularly outsources goods and...

Question 17

Total cost analysis divides costs into direct (costs that are tied to the level of operations or supply chain activities)and indirect (costs that are not tied to the level of operations or supply chain activity).

Accepted Answer

A) True 
 B)False

Question 18

Maverick spending is often promoted by top management as a way to improve the bottom line and break out of a purchasing cycle.

Accepted Answer

A) True 
 B)False

Question 19

This table contains a list of three companies that have been rated on four weighted performance dimensions.Which of the following statements regarding this information is BEST?

Accepted Answer

A) Thatherton is superior to Amerigas. 
B) Amerigas is superior to Strickland. 
C) Mega-Low is superior to Thatherton. 
D) Strickland is superior to Mega-Low. 
A) Thatherton is superior to Amerigas. 
B) Amerigas is superior to Strickland. 
C) Mega-Low is superior to Thatherton. 
D) Strickland is superior to Mega-Low.

Question 20

The request for quotation is a formal request for suppliers to deliver a product or service that includes key terms and conditions,such as price,delivery,and quality requirements.

Accepted Answer

A) True 
 B)False

Single sourcing is a better choice than multiple sourcing from the perspective of:

A company using portfolio analysis correctly decides to streamline the purchasing process for a few items by use of EDI and automated requisitions to the greatest extent possible.The quadrant that these items fall in is most probably the:

________ is the name for a technique requiring a company to identify and determine all of the major costs associated with different sourcing possibilities.

What is sourcing portfolio analysis? Discuss the model and the strategies and tactics associated with each quadrant.

The use of supply chain partners to provide products or services is called:

Identify the major trends in supply management and their impact from a strategic perspective.

Portfolio analysis begins with assignment to a quadrant before a sourcing strategy is formulated.

Flingers Inc.reveals the following information in their annual report for FY 2004. What is Flingers' return on assets?

The two basic types of purchasing contracts are:

Cross sourcing is a strategy in which two suppliers are used for the same purchased product or service.

In a cost-based contract,the stated price does not change,regardless of fluctuations in the general overall economic conditions.

The analyst turned on his banker's lamp,adjusted his eye shade,and slowly pulled a legal pad from his desk.His weathered hands punched the buttons on his desk calculator deliberately as he divided earnings by total assets in order to calculate:

Which of these is a direct cost associated with outsourcing?

The percentage of value of shipments that come from materials for the average manufacturer is:

Which of these factors is most likely to increase the risk of a missed shipment,communication problem,or human error?

A company that regularly outsources goods and services may have established close relationships with their sources and therefore will allow these sources the first opportunity to bid for new business needs.These sources are known as ________.

Total cost analysis divides costs into direct (costs that are tied to the level of operations or supply chain activities)and indirect (costs that are not tied to the level of operations or supply chain activity).

Maverick spending is often promoted by top management as a way to improve the bottom line and break out of a purchasing cycle.

This table contains a list of three companies that have been rated on four weighted performance dimensions.Which of the following statements regarding this information is BEST?

The request for quotation is a formal request for suppliers to deliver a product or service that includes key terms and conditions,such as price,delivery,and quality requirements.

Introduction to Operations and Supply Chain Management

Operations and Supply Chain Strategies

Process Choice and Layout Decisions in Manufacturing and Services

Business Processes

Managing Quality

Managing Capacity

S Advanced Waiting Line Theory and Simulation Modeling

Logistics

Forecasting

Sales and Operations Planning Aggregate Planning

Managing Inventory Throughout the Supply Chain

Managing Production Across the Supply Chain

S Supply Chain Information Systems

Jitlean Production

Managing Projects

Developing Products and Services

Filters

Exam 8: Supply Management

Single sourcing is a better choice than multiple sourcing from the perspective of:

A company using portfolio analysis correctly decides to streamline the purchasing process for a few items by use of EDI and automated requisitions to the greatest extent possible.The quadrant that these items fall in is most probably the:

________ is the name for a technique requiring a company to identify and determine all of the major costs associated with different sourcing possibilities.

What is sourcing portfolio analysis? Discuss the model and the strategies and tactics associated with each quadrant.

The use of supply chain partners to provide products or services is called:

Identify the major trends in supply management and their impact from a strategic perspective.

Portfolio analysis begins with assignment to a quadrant before a sourcing strategy is formulated.

Flingers Inc.reveals the following information in their annual report for FY 2004. What is Flingers' return on assets?

The two basic types of purchasing contracts are:

Cross sourcing is a strategy in which two suppliers are used for the same purchased product or service.

In a cost-based contract,the stated price does not change,regardless of fluctuations in the general overall economic conditions.

The analyst turned on his banker's lamp,adjusted his eye shade,and slowly pulled a legal pad from his desk.His weathered hands punched the buttons on his desk calculator deliberately as he divided earnings by total assets in order to calculate:

Which of these is a direct cost associated with outsourcing?

The percentage of value of shipments that come from materials for the average manufacturer is:

Which of these factors is most likely to increase the risk of a missed shipment,communication problem,or human error?

A company that regularly outsources goods and services may have established close relationships with their sources and therefore will allow these sources the first opportunity to bid for new business needs.These sources are known as ________.

Total cost analysis divides costs into direct (costs that are tied to the level of operations or supply chain activities)and indirect (costs that are not tied to the level of operations or supply chain activity).

Maverick spending is often promoted by top management as a way to improve the bottom line and break out of a purchasing cycle.

This table contains a list of three companies that have been rated on four weighted performance dimensions.Which of the following statements regarding this information is BEST?

The request for quotation is a formal request for suppliers to deliver a product or service that includes key terms and conditions,such as price,delivery,and quality requirements.

Introduction to Operations and Supply Chain Management

Operations and Supply Chain Strategies

Process Choice and Layout Decisions in Manufacturing and Services

Business Processes

Managing Quality

Managing Capacity

S Advanced Waiting Line Theory and Simulation Modeling

Logistics

Forecasting

Sales and Operations Planning Aggregate Planning

Managing Inventory Throughout the Supply Chain

Managing Production Across the Supply Chain

S Supply Chain Information Systems

Jitlean Production

Managing Projects

Developing Products and Services

Filters