Question 1

The best strategy for innovative products is to use either a responsive or an agile supply-chain.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000,which of the following is inventory turnover?

Accepted Answer

A)  60 
B)  10.4 
C)  2 
D)  0.5 
E)  None of the above 
A)  60 
B)  10.4 
C)  2 
D)  0.5 
E)  None of the above

Question 4

A financially-driven reason for outsourcing is that it can help gain access to new markets,especially in developing countries.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000,which of the following is weeks of supply?

Accepted Answer

A)  1,040 
B)  606 
C)  104 
D)  60.6 
E)  2.0 
A)  1,040 
B)  606 
C)  104 
D)  60.6 
E)  2.0

Question 7

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

Accepted Answer

The answer of In Hau Lee's uncertainty framework to classify...

Question 8

Overemphasis on purchase price frequently results in failure to address other significant costs.

Accepted Answer

A) True 
 B)False

Question 9

An improvement-driven reason for outsourcing is that it can increase product and service value,customer satisfaction,and shareholder value.

Accepted Answer

A) True 
 B)False

Question 10

Functional products include staples that people buy in a wide range of retail outlets,such as grocery stores and gas stations.

Accepted Answer

A) True 
 B)False

Question 11

The acronym RFP stands for: ________________________

Accepted Answer

Request for proposal
Explanati

Question 12

A stable supply process is one where product volumes are high,demand is predictable and there is a long product life.

Accepted Answer

A) True 
 B)False

Question 13

A financially-driven reason for outsourcing is that it can turn fixed costs into variable costs.

Accepted Answer

A) True 
 B)False

Question 14

Green sourcing is only about finding new environmentally friendly technologies and increasing the use of recyclable materials.

Accepted Answer

A) True 
 B)False

Question 15

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

Question 16

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.

Accepted Answer

A) True 
 B)False

Question 17

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 18

A financially-driven reason for outsourcing is that it can reduce costs through a lower cost structure.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A)  Improve quality and productivity 
B)  Enhance effectiveness by focusing on what you do best 
C)  Improve risk management 
D)  Obtain expertise,skills and technologies not otherwise available 
E)  Improve credibility and image by associating with superior providers 
A)  Improve quality and productivity 
B)  Enhance effectiveness by focusing on what you do best 
C)  Improve risk management 
D)  Obtain expertise,skills and technologies not otherwise available 
E)  Improve credibility and image by associating with superior providers

Question 20

The step in the Six-step Process for Green Sourcing where quantitative and qualitative criteria to evaluate the sourcing process is developed is called: ______________________.

Accepted Answer

Develop the sourcing strategy
Explanatio

The best strategy for innovative products is to use either a responsive or an agile supply-chain.

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

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000,which of the following is inventory turnover?

A financially-driven reason for outsourcing is that it can help gain access to new markets,especially in developing countries.

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

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000,which of the following is weeks of supply?

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

Overemphasis on purchase price frequently results in failure to address other significant costs.

An improvement-driven reason for outsourcing is that it can increase product and service value,customer satisfaction,and shareholder value.

Functional products include staples that people buy in a wide range of retail outlets,such as grocery stores and gas stations.

The acronym RFP stands for: ________________________

A stable supply process is one where product volumes are high,demand is predictable and there is a long product life.

A financially-driven reason for outsourcing is that it can turn fixed costs into variable costs.

Green sourcing is only about finding new environmentally friendly technologies and increasing the use of recyclable materials.

Ownership costs include which of the following costs?

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.

Acquisition costs include which of the following costs?

A financially-driven reason for outsourcing is that it can reduce costs through a lower cost structure.

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

The step in the Six-step Process for Green Sourcing where quantitative and qualitative criteria to evaluate the sourcing process is developed is called: ______________________.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Location, Logistics, and Distribution

Filters

Exam 13: Global Sourcing and Procurement

The best strategy for innovative products is to use either a responsive or an agile supply-chain.

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

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000,which of the following is inventory turnover?

A financially-driven reason for outsourcing is that it can help gain access to new markets,especially in developing countries.

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

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000,which of the following is weeks of supply?

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

Overemphasis on purchase price frequently results in failure to address other significant costs.

An improvement-driven reason for outsourcing is that it can increase product and service value,customer satisfaction,and shareholder value.

Functional products include staples that people buy in a wide range of retail outlets,such as grocery stores and gas stations.

The acronym RFP stands for: ________________________

A stable supply process is one where product volumes are high,demand is predictable and there is a long product life.

A financially-driven reason for outsourcing is that it can turn fixed costs into variable costs.

Green sourcing is only about finding new environmentally friendly technologies and increasing the use of recyclable materials.

Ownership costs include which of the following costs?

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.

Acquisition costs include which of the following costs?

A financially-driven reason for outsourcing is that it can reduce costs through a lower cost structure.

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

The step in the Six-step Process for Green Sourcing where quantitative and qualitative criteria to evaluate the sourcing process is developed is called: ______________________.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Location, Logistics, and Distribution

Filters