Question 1

Which of the following is an organizationally driven reason for outsourcing?

Accepted Answer

A) Improve effectiveness by focusing on what the firm does best. 
B) Turn fixed costs into variable costs. 
C) Reduce costs through lowered cost structure and increased flexibility. 
D) Improve risk management. 
E) Improve credibility and image by associating with superior providers. 
A) Improve effectiveness by focusing on what the firm does best. 
B) Turn fixed costs into variable costs. 
C) Reduce costs through lowered cost structure and increased flexibility. 
D) Improve risk management. 
E) Improve credibility and image by associating with superior providers.

Question 2

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with an evolving supply process is called which of the following?

Accepted Answer

A) Efficient 
B) Forward looking 
C) Agile 
D) Risk hedging 
E) Responsive 
A) Efficient 
B) Forward looking 
C) Agile 
D) Risk hedging 
E) Responsive

Question 3

An organizationally driven reason for outsourcing is that it can transform the organization.

Accepted Answer

A) True 
 B)False

Question 4

The total cost of ownership (TCO) can be categorized into three areas: acquisition costs, ownership costs, and post-ownership costs.

Accepted Answer

A) True 
 B)False

Question 5

Retailer behavior when stocking up during promotion periods (where the prices of goods are reduced) is called backward buying.

Accepted Answer

A) True 
 B)False

Question 6

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?

Accepted Answer

A) 19.23 
B) 4.5 
C) 0.8654 
D) 0.2222 
E) None of these 
A) 19.23 
B) 4.5 
C) 0.8654 
D) 0.2222 
E) None of these

Question 7

Having a supply chain that is environmentally responsible is called: _____________________.

Accepted Answer

green sourcing
Explanation: Be

Question 8

The optimal strategy for functional products is to use a responsive supply chain.

Accepted Answer

A) True 
 B)False

Question 9

Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically.

Accepted Answer

A) True 
 B)False

Question 10

What is it called when a firm controls most of the activities in its supply chain? ___________________________________

Accepted Answer

vertically integrated
Explanat

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

A financially driven reason for outsourcing is that it can shorten cycle time.

Accepted Answer

A) True 
 B)False

Question 13

A stable supply process is one where the manufacturing process and the underlying technology are mature and the supply base is well established.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is an improvement-driven reason for outsourcing?

Accepted Answer

A) Shorten cycle time. 
B) Improve effectiveness by focusing on what the firm does best. 
C) Increase product and service value by improving response to customer needs. 
D) Turn fixed costs into variable costs. 
E) Reduce costs through a lower cost structure. 
A) Shorten cycle time. 
B) Improve effectiveness by focusing on what the firm does best. 
C) Increase product and service value by improving response to customer needs. 
D) Turn fixed costs into variable costs. 
E) Reduce costs through a lower cost structure.

Question 15

Acquisition costs include which of the following costs?

Accepted Answer

A) Quality costs 
B) Maintenance and repair costs 
C) Environmental costs 
D) Supply chain costs 
E) Customer dissatisfaction costs 
A) Quality costs 
B) Maintenance and repair costs 
C) Environmental costs 
D) Supply chain costs 
E) Customer dissatisfaction costs

Question 16

Outsourcing is the act of moving some of a firm's internal activities and decision responsibility to outside providers.

Accepted Answer

A) True 
 B)False

Question 17

If the weeks of supply is 10 and the average aggregate inventory value is $1,000,000, what is the cost of goods sold? _______________________

Accepted Answer

$5,200,000
Explanation: Manipu

Question 18

Name the two measures of sourcing efficiency.(1) _______________________
(2) _______________________

Accepted Answer

inventory turnover and weeks o

Question 19

Which of the following of Fisher's product categories includes fashionable clothing, personal computers, and other products that typically have a very brief life cycle?

Accepted Answer

A) Functional products 
B) Dysfunctional products 
C) Innovative products 
D) Bullwhip products 
E) Value density products 
A) Functional products 
B) Dysfunctional products 
C) Innovative products 
D) Bullwhip products 
E) Value density products

Question 20

Ownership costs include which of the following costs?

Accepted Answer

A) Environmental costs 
B) Warranty costs 
C) Supply chain costs 
D) Quality costs 
E) Taxes 
A) Environmental costs 
B) Warranty costs 
C) Supply chain costs 
D) Quality costs 
E) Taxes

Exam 16: Global Sourcing and Procurement

Which of the following is an organizationally driven reason for outsourcing?

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with an evolving supply process is called which of the following?

An organizationally driven reason for outsourcing is that it can transform the organization.

The total cost of ownership (TCO) can be categorized into three areas: acquisition costs, ownership costs, and post-ownership costs.

Retailer behavior when stocking up during promotion periods (where the prices of goods are reduced) is called backward buying.

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?

Having a supply chain that is environmentally responsible is called: _____________________.

The optimal strategy for functional products is to use a responsive supply chain.

Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically.

What is it called when a firm controls most of the activities in its supply chain? ___________________________________

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

A financially driven reason for outsourcing is that it can shorten cycle time.

A stable supply process is one where the manufacturing process and the underlying technology are mature and the supply base is well established.

Which of the following is an improvement-driven reason for outsourcing?

Acquisition costs include which of the following costs?

Outsourcing is the act of moving some of a firm's internal activities and decision responsibility to outside providers.

If the weeks of supply is 10 and the average aggregate inventory value is $1,000,000, what is the cost of goods sold? _______________________

Name the two measures of sourcing efficiency.(1) _______________________ (2) _______________________

Which of the following of Fisher's product categories includes fashionable clothing, personal computers, and other products that typically have a very brief life cycle?

Ownership costs include which of the following costs?

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

Name the two measures of sourcing efficiency.(1) _ (2) _