Exam 16: Global Sourcing and Procurement

Strategic sourcing is the development and management of supplier relationships to acquire goods and services in a way that aids in achieving the immediate needs of the business.

(True/False)

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Question 21

In Hau Lee's uncertainty framework to classify supply chains, a supply chain that combines the strengths of a "risk-hedging" and a "responsive" supply chain is called what? ______________________________________

(Short Answer)

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Question 22

Inventory turnover and weeks of supply are mathematically the inverse of one another.

(True/False)

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Question 23

When customers allows their supplier to manage an item or group of items for them, it is called ________________________

(Short Answer)

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Question 24

When considering outsourcing, what should firms be sure to avoid?

(Multiple Choice)

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Question 25

The six-step process for green sourcing includes which of the following?

(Multiple Choice)

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Question 26

The step in the six-step process for green sourcing where quantitative and qualitative criteria to evaluate the sourcing process are developed is called: _____________________.

(Short Answer)

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Question 27

The optimal strategy for innovative products is to use an efficient supply chain.

(True/False)

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Question 28

The effect of the lack of synchronization among supply chain members is referred to as which of the following?

(Multiple Choice)

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Question 29

What is it called when companies focus on the things they do best and outsource other functions to key partners? ________________________________________

(Short Answer)

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Question 30

Which of the following is not an organizationally driven reason for outsourcing?

(Multiple Choice)

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Question 31

In conducting a total cost of ownership analysis, it is probably best to use a team representing the key functional areas.

(True/False)

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Question 32

In Hau Lee's uncertainty framework to classify supply chains, which supply chain process should be used for innovative products with low supply uncertainty? ______________________________________

(Short Answer)

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Question 33

Logistics is a term that refers to the management functions that support the complete cycle of material flow, from the purchase and internal control of production materials; to the planning and control of work-in-process; to the purchasing, shipping, and distribution of the finished product.

(True/False)

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Question 34

Which of the following is not an improvement-driven reason for outsourcing?

(Multiple Choice)

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Question 35

The total value of all items held in inventory for the firm valued at cost is which of the following?

(Multiple Choice)

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Question 36

In Hau Lee's uncertainty framework to classify supply chains, which supply chain process should be used for functional products with low supply uncertainty? ______________________________________

(Short Answer)

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Question 37

Two common measures to evaluate supply chain efficiency are the inventory turnover and weeks-of-supply ratios.

(True/False)

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Question 38

Which of the following is one of the strategic characteristics to consider when deciding how supplier relationships should be structured on the continuum between vertical integration (do not outsource) and arm's length relationships (outsource)?

(Multiple Choice)

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Question 39

Firms producing functional products are forced to introduce a steady stream of innovations in order to survive.

(True/False)

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Question 40

Showing 21 - 40 of 78

Exam 16: Global Sourcing and Procurement

Strategic sourcing is the development and management of supplier relationships to acquire goods and services in a way that aids in achieving the immediate needs of the business.

In Hau Lee's uncertainty framework to classify supply chains, a supply chain that combines the strengths of a "risk-hedging" and a "responsive" supply chain is called what? ______________________________________

Inventory turnover and weeks of supply are mathematically the inverse of one another.

When customers allows their supplier to manage an item or group of items for them, it is called ________________________

When considering outsourcing, what should firms be sure to avoid?

The six-step process for green sourcing includes which of the following?

The step in the six-step process for green sourcing where quantitative and qualitative criteria to evaluate the sourcing process are developed is called: _____________________.

The optimal strategy for innovative products is to use an efficient supply chain.

The effect of the lack of synchronization among supply chain members is referred to as which of the following?

What is it called when companies focus on the things they do best and outsource other functions to key partners? ________________________________________

Which of the following is not an organizationally driven reason for outsourcing?

In conducting a total cost of ownership analysis, it is probably best to use a team representing the key functional areas.

In Hau Lee's uncertainty framework to classify supply chains, which supply chain process should be used for innovative products with low supply uncertainty? ______________________________________

Logistics is a term that refers to the management functions that support the complete cycle of material flow, from the purchase and internal control of production materials; to the planning and control of work-in-process; to the purchasing, shipping, and distribution of the finished product.

Which of the following is not an improvement-driven reason for outsourcing?

The total value of all items held in inventory for the firm valued at cost is which of the following?

In Hau Lee's uncertainty framework to classify supply chains, which supply chain process should be used for functional products with low supply uncertainty? ______________________________________

Two common measures to evaluate supply chain efficiency are the inventory turnover and weeks-of-supply ratios.

Which of the following is one of the strategic characteristics to consider when deciding how supplier relationships should be structured on the continuum between vertical integration (do not outsource) and arm's length relationships (outsource)?

Firms producing functional products are forced to introduce a steady stream of innovations in order to survive.

Introduction

Strategy

Design of Products and Services

Project Management

Strategic Capacity Management

Learning Curves

Manufacturing Processes

Facility Layout

Service Processes

Waiting Line Analysis and Simulation

Process Design and Analysis

Six Sigma Quality

Statistical Quality Control

Lean Supply Chains

Logistics Distribution, and Transportation

Enterprise Resource Planning Systems

Forecasting

Sales and Operations Planning

Inventory Management

Material Requirements Planning

Workcenter Scheduling

Theory of Constraints

Health Care

Operations Consulting

Filters