SCM EXAM 2 / STUDY GUIDE EXAM Q-BANK
NEWEST ACTUAL QUESTIONS AND ANSWERS
(A+ GUIDE SOLUTION)
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Terms in this set (241)
5.2 The purchasing False
function is one of the most
value-enhancing functions
in any organization, and
therefore, it is not
necessary to periodically
monitor the purchasing
function's performance
against a set of standards
or industry benchmarks.
A. True
B. False
Firms use the _____ strategy outsourcing
to reduce their own
staffing levels.
a. procurement
b. outsourcing
c. measurement
d. management
,Leverage sourcing is a False
comprehensive approach
for location and sourcing
key suppliers which often
include the business
process of analyzing the
total-spend by material
category.
A. True
B. False
Processing costs for small all of the above
value purchases can be
minimized through the use
of _____.
a. corporate purchasing
cards
b. blanket purchase orders
c. blank checks
d. all of the above
_____ refers to a company backward vertical integration
acquiring one or more of
their sources of supply
a. backward vertical
integration
b. leverage sourcing
c. global sourcing
d. further supplier
integration
One of the most intangible assets
sustainable sourcing
strategies is to build _____.
a. high profits
b. intangible assets
c. new markets
d. none of the above
,Sustainability sourcing False
policies should include
such things as reporting of
supplier compliance to
stakeholders, and
detailing ethical sourcing
expectations to suppliers?
a. True
b. False
Co-sourcing is the sharing False
of a process or function
between two external
providers
a. True
b. False
A preferred supplier is a False
supplier who has the
lowest price.
a. True
b. False
Segmentation is NOT an True
advantage of the e-
Procurement processes.
a. True
b. False
, To provide metrics that a good supplier evaluation system
are easy to measure,
understandable and
focused on real-value-
added results is the goal
of
a. a good supplier
evaluation system
b. the purchasing
department
c. the firm's new strategy
d. senior managers at the
firm
Buying materials and True
components from
suppliers instead of
making them in-house, is
known as outsourcing.
a. True
b. False
Which manufacturing none of the above
process can be
characterized as creating
a custom product for each
customer?
a. six sigma
b. continuous flow
c. line flow
d. none of the above
5.3 Outsourcing allows a True
firm to concentrate on
core capabilities and
reduce staffing levels
A. True
B. False
NEWEST ACTUAL QUESTIONS AND ANSWERS
(A+ GUIDE SOLUTION)
Save
Terms in this set (241)
5.2 The purchasing False
function is one of the most
value-enhancing functions
in any organization, and
therefore, it is not
necessary to periodically
monitor the purchasing
function's performance
against a set of standards
or industry benchmarks.
A. True
B. False
Firms use the _____ strategy outsourcing
to reduce their own
staffing levels.
a. procurement
b. outsourcing
c. measurement
d. management
,Leverage sourcing is a False
comprehensive approach
for location and sourcing
key suppliers which often
include the business
process of analyzing the
total-spend by material
category.
A. True
B. False
Processing costs for small all of the above
value purchases can be
minimized through the use
of _____.
a. corporate purchasing
cards
b. blanket purchase orders
c. blank checks
d. all of the above
_____ refers to a company backward vertical integration
acquiring one or more of
their sources of supply
a. backward vertical
integration
b. leverage sourcing
c. global sourcing
d. further supplier
integration
One of the most intangible assets
sustainable sourcing
strategies is to build _____.
a. high profits
b. intangible assets
c. new markets
d. none of the above
,Sustainability sourcing False
policies should include
such things as reporting of
supplier compliance to
stakeholders, and
detailing ethical sourcing
expectations to suppliers?
a. True
b. False
Co-sourcing is the sharing False
of a process or function
between two external
providers
a. True
b. False
A preferred supplier is a False
supplier who has the
lowest price.
a. True
b. False
Segmentation is NOT an True
advantage of the e-
Procurement processes.
a. True
b. False
, To provide metrics that a good supplier evaluation system
are easy to measure,
understandable and
focused on real-value-
added results is the goal
of
a. a good supplier
evaluation system
b. the purchasing
department
c. the firm's new strategy
d. senior managers at the
firm
Buying materials and True
components from
suppliers instead of
making them in-house, is
known as outsourcing.
a. True
b. False
Which manufacturing none of the above
process can be
characterized as creating
a custom product for each
customer?
a. six sigma
b. continuous flow
c. line flow
d. none of the above
5.3 Outsourcing allows a True
firm to concentrate on
core capabilities and
reduce staffing levels
A. True
B. False
