Exam 7: Supply Management

Use of a single supplier for a part or service in part of the business and another supplier with the same capability for a different part or service in another area of the business is known as ________.

(Short Answer)

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Question 21

The two basic types of purchasing contracts are:

(Multiple Choice)

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Question 22

The ratio of earnings to sales for a given time period is a firm's profit margin.

(True/False)

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Question 23

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

(Essay)

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Question 24

Flingers Inc.reveals the following information in their annual report for FY 2014. Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales.What will Flingers' return on assets figure be for 2015?

(Multiple Choice)

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Question 25

Flingers Inc.reveals the following information in their annual report for FY 2014. What is Flingers' return on assets?

(Multiple Choice)

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Question 26

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).

(True/False)

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Question 27

Profit margin is the ratio of to .

(Short Answer)

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Question 28

The purchasing team examined all of its purchasing patterns in order to identify any irregularities or possible areas of cost savings in a little scheme the team liked to call:

(Multiple Choice)

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Question 29

Perhaps the best way for standard items is ________ which is a description method that is applicable when the requirements are well understood.

(Short Answer)

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Question 30

A recent trend in supply management is a move towards a more sustainable supply chain.

(True/False)

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Question 31

Competitive bidding,active sourcing,and using industry standards are all actions that are appropriate if the sourcing strategy is to:

(Multiple Choice)

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Question 32

Define outsourcing and discuss its advantages and disadvantages.

(Essay)

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Question 33

The ratio of earnings to sales for a given time period is the:

(Multiple Choice)

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Question 34

A supplier that has previously demonstrated its performance capabilities through purchase contracts may well receive:

(Multiple Choice)

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Question 35

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.

(True/False)

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Question 36

Use of EDI in the supply chain has led to shorter lead times and lower inventory.

(True/False)

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Question 37

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

(True/False)

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Question 38

This table contains the performance criteria and scores (larger numbers are better)for four potential suppliers to Los Pollos Hermanos.Evaluate the data and identify the BEST source for Los Pollos Hermanos.

(Multiple Choice)

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Question 39

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

(True/False)

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Question 40

Showing 21 - 40 of 82

Use of a single supplier for a part or service in part of the business and another supplier with the same capability for a different part or service in another area of the business is known as ________.

The two basic types of purchasing contracts are:

The ratio of earnings to sales for a given time period is a firm's profit margin.

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

Flingers Inc.reveals the following information in their annual report for FY 2014. Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales.What will Flingers' return on assets figure be for 2015?

Flingers Inc.reveals the following information in their annual report for FY 2014. What is Flingers' return on assets?

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).

Profit margin is the ratio of to .

The purchasing team examined all of its purchasing patterns in order to identify any irregularities or possible areas of cost savings in a little scheme the team liked to call:

Perhaps the best way for standard items is ________ which is a description method that is applicable when the requirements are well understood.

A recent trend in supply management is a move towards a more sustainable supply chain.

Competitive bidding,active sourcing,and using industry standards are all actions that are appropriate if the sourcing strategy is to:

Define outsourcing and discuss its advantages and disadvantages.

The ratio of earnings to sales for a given time period is the:

A supplier that has previously demonstrated its performance capabilities through purchase contracts may well receive:

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.

Use of EDI in the supply chain has led to shorter lead times and lower inventory.

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

This table contains the performance criteria and scores (larger numbers are better)for four potential suppliers to Los Pollos Hermanos.Evaluate the data and identify the BEST source for Los Pollos Hermanos.

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

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

A: 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

A: Supply Chain Information Systems

Jitlean Production

Managing Projects

Developing Products and Services

Filters

Exam 7: Supply Management

Use of a single supplier for a part or service in part of the business and another supplier with the same capability for a different part or service in another area of the business is known as ________.

The two basic types of purchasing contracts are:

The ratio of earnings to sales for a given time period is a firm's profit margin.

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

Flingers Inc.reveals the following information in their annual report for FY 2014. Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales.What will Flingers' return on assets figure be for 2015?

Flingers Inc.reveals the following information in their annual report for FY 2014. What is Flingers' return on assets?

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).

Profit margin is the ratio of ________ to ________.

The purchasing team examined all of its purchasing patterns in order to identify any irregularities or possible areas of cost savings in a little scheme the team liked to call:

Perhaps the best way for standard items is ________ which is a description method that is applicable when the requirements are well understood.

A recent trend in supply management is a move towards a more sustainable supply chain.

Competitive bidding,active sourcing,and using industry standards are all actions that are appropriate if the sourcing strategy is to:

Define outsourcing and discuss its advantages and disadvantages.

The ratio of earnings to sales for a given time period is the:

A supplier that has previously demonstrated its performance capabilities through purchase contracts may well receive:

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.

Use of EDI in the supply chain has led to shorter lead times and lower inventory.

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

This table contains the performance criteria and scores (larger numbers are better)for four potential suppliers to Los Pollos Hermanos.Evaluate the data and identify the BEST source for Los Pollos Hermanos.

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

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

A: 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

A: Supply Chain Information Systems

Jitlean Production

Managing Projects

Developing Products and Services

Filters

Profit margin is the ratio of to .