BUAD 331 Exam 2 (100% errorless answers)

Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False correct answers B. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources correct answers B. Customers When purchasing and supply management works well within an organization, the company acquires the best resources from around the world, which allows its to compete on cost, quality, and innovation. A. True B. False correct answers A. True The following items for an automobile manufacturer would fit in the Supply Commodity category titled "Indirect Materials Office Supply Product category". (images of a pen, whiteout, stapler, water bottle, and pencil) A. True B. False correct answers A. True Which of the following is the most important right of purchasing? A. Delivery to the RIGHT place B. The RIGHT price C. The RIGHT supplier D. The RIGHT time E. The RIGHT material correct answers C. The RIGHT supplier One of the most challenging aspects of purchasing is to ensure an uninterrupted flow of supply. Which of the following might "interrupt" that flow? A. Natural disasters B. Supplier quality issues C. Logistics interruptions D. Financial issues E. All of the above correct answers E. All of the above A dollar saved in material costs goes directly to an increase in revenue for the organization. A. True B. False correct answers B. False