Exam 13: 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 61

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

(True/False)

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Question 62

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

(Short Answer)

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Question 63

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

(Short Answer)

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Question 64

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

(Short Answer)

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Question 65

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 66

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 67

In outsourcing which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?

(Multiple Choice)

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Question 68

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

(True/False)

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Question 69

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000,which of the following is weeks of supply?

(Multiple Choice)

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Question 70

Inventory turn values that are considered good differ by industry and the type of products being handled.

(True/False)

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Question 71

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

(True/False)

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Question 72

Green sourcing requires incorporating new criteria for evaluating alternatives.

(True/False)

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Question 73

Which of the following is not an improvement-driven reason to outsource?

(Multiple Choice)

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Question 74

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 75

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

(Short Answer)

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Question 76

The six-step process for green sourcing does not include which of the following?

(Multiple Choice)

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Question 77

The total cost of ownership (TCO)is an estimate of the cost of an item that includes all the costs related to the procurement and use of an item,but does not include any of the costs related to disposing of the item after it is no longer useful.

(True/False)

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Question 78

Showing 61 - 78 of 78

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.

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

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

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

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

In conducting a Total Cost of Ownership analysis,it is probably best to use a team representing the key functional areas.

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

In outsourcing which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?

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 $45,000 and the cost of goods sold is $10,000,which of the following is weeks of supply?

Inventory turn values that are considered good differ by industry and the type of products being handled.

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

Green sourcing requires incorporating new criteria for evaluating alternatives.

Which of the following is not an improvement-driven reason to outsource?

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

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

The six-step process for green sourcing does not include which of the following?

The total cost of ownership (TCO)is an estimate of the cost of an item that includes all the costs related to the procurement and use of an item,but does not include any of the costs related to disposing of the item after it is no longer useful.

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

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.

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

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

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

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

In conducting a Total Cost of Ownership analysis,it is probably best to use a team representing the key functional areas.

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

In outsourcing which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?

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 $45,000 and the cost of goods sold is $10,000,which of the following is weeks of supply?

Inventory turn values that are considered good differ by industry and the type of products being handled.

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

Green sourcing requires incorporating new criteria for evaluating alternatives.

Which of the following is not an improvement-driven reason to outsource?

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

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

The six-step process for green sourcing does not include which of the following?

The total cost of ownership (TCO)is an estimate of the cost of an item that includes all the costs related to the procurement and use of an item,but does not include any of the costs related to disposing of the item after it is no longer useful.

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

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