Exam 7: Supply Management

Business partners that transfer payments between banks using an information system are using ________.

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

Horace Smithfield,Esq.,was insistent that he pay a flat rate of $10,000,000 and not a penny more to transfer his inheritance through your checking account so he could move vast sums of cash out of his country.Sure,he had fallen out of favor with the government and the economy in his country was in a dire situation,but a deal was a deal and $10,000,000 was all he could afford to pay.This type of purchase contract was to be a(n)________ if you would kindly provide your account information..

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

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:

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.

The bulk of insourcing costs are usually ________ costs.

A manufacturer that wants to make sure that suppliers do not become complacent should use multiple sourcing.

Among the disadvantages of ________ are that different product attributes with varying qualities may be produced and that it can actually result in reduced supplier loyalty over time.

Which of these is a direct cost associated with outsourcing?

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

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

Authorization to a supplier to deliver a product,known as a(n)________,increasingly takes the form of a technology known as ________.

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

What are the four sourcing strategies,how do they work,and what are the advantages of each?

Which of these is an indirect cost associated with insourcing?

Which of the following is required in order to execute a successful spend analysis?

A company using portfolio analysis decides to form partnerships with suppliers; the products in question probably fall in the ________ quadrant.

When a preferred supplier does not exist,competitive bidding and negotiation are two methods commonly used for final supplier selection.

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' profit margin be for 2015?