GSCM 201 – Final Exam Questions With
Correct Answers
Supplier Management - CORRECT ANSWER✔✔-SRM involves taking
| | | | | | |
care of the most important suppliers. It also includes the overall
| | | | | | | | | | |
management and strategic decision making that goes into a company's
| | | | | | | | | |
purchasing strategy |
Types of Supplier Relationships - CORRECT
| | | | | |
ANSWER✔✔-Transactional/Arms-length
Collaborative/Strategic Alliance |
Supply Strategy Phases - CORRECT ANSWER✔✔-Phase one:
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Classification- strategic, bottleneck, non-critical, leverage
| | | |
Phase Two: Market Analysis:-Assess supplier strength as well as
| | | | | | | | |
company strength. Asses things like availability of product in terms of
| | | | | | | | | | |
both quality and quantity.
| | |
Phase Three: Strategic Positioning- Identify areas of opportunity or
| | | | | | | | |
vulnerability assess supply risks, and derive basic strategies by placing
| | | | | | | | | |
items from phase one into the purchasing portfolio matrix
| | | | | | | |
Phase Four: Action Plans - Company explores scenarios and lays out
| | | | | | | | | | |
plans for securing long-term supply and for exploiting short-term
| | | | | | | | |
opportunities
, · SRM steps - CORRECT ANSWER✔✔-Supplier segmentation: Map
| | | | | | | |
suppliers against profitability and risk exposure
| | | | |
Supplier Strategy Development: Distribute internal resources and plans
| | | | | | | |
to meet business needs
| | |
Supplier Strategy Execution
| |
· Kraljic's matrix - CORRECT ANSWER✔✔-Leverage Items
| | | | | |
Non-Critical Items |
Strategic Items |
Bottleneck Items |
Service Supply Chain - CORRECT ANSWER✔✔-customer input > action >
| | | | | | | | | |
service output
|
Direct Interaction - CORRECT ANSWER✔✔-person to person interaction
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Surrogate Interaction - CORRECT ANSWER✔✔-acting on another
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entity's resources (car in carwash)
| | | |
Independent Processing - CORRECT ANSWER✔✔-entity is acting on
| | | | | | | |
resources owned and controlled by that same entity
| | | | | | |
Correct Answers
Supplier Management - CORRECT ANSWER✔✔-SRM involves taking
| | | | | | |
care of the most important suppliers. It also includes the overall
| | | | | | | | | | |
management and strategic decision making that goes into a company's
| | | | | | | | | |
purchasing strategy |
Types of Supplier Relationships - CORRECT
| | | | | |
ANSWER✔✔-Transactional/Arms-length
Collaborative/Strategic Alliance |
Supply Strategy Phases - CORRECT ANSWER✔✔-Phase one:
| | | | | | |
Classification- strategic, bottleneck, non-critical, leverage
| | | |
Phase Two: Market Analysis:-Assess supplier strength as well as
| | | | | | | | |
company strength. Asses things like availability of product in terms of
| | | | | | | | | | |
both quality and quantity.
| | |
Phase Three: Strategic Positioning- Identify areas of opportunity or
| | | | | | | | |
vulnerability assess supply risks, and derive basic strategies by placing
| | | | | | | | | |
items from phase one into the purchasing portfolio matrix
| | | | | | | |
Phase Four: Action Plans - Company explores scenarios and lays out
| | | | | | | | | | |
plans for securing long-term supply and for exploiting short-term
| | | | | | | | |
opportunities
, · SRM steps - CORRECT ANSWER✔✔-Supplier segmentation: Map
| | | | | | | |
suppliers against profitability and risk exposure
| | | | |
Supplier Strategy Development: Distribute internal resources and plans
| | | | | | | |
to meet business needs
| | |
Supplier Strategy Execution
| |
· Kraljic's matrix - CORRECT ANSWER✔✔-Leverage Items
| | | | | |
Non-Critical Items |
Strategic Items |
Bottleneck Items |
Service Supply Chain - CORRECT ANSWER✔✔-customer input > action >
| | | | | | | | | |
service output
|
Direct Interaction - CORRECT ANSWER✔✔-person to person interaction
| | | | | | |
Surrogate Interaction - CORRECT ANSWER✔✔-acting on another
| | | | | | |
entity's resources (car in carwash)
| | | |
Independent Processing - CORRECT ANSWER✔✔-entity is acting on
| | | | | | | |
resources owned and controlled by that same entity
| | | | | | |
