TEST BANK FOR Purchasing and Supply Chain Management 7th Edition by Robert Monczka , Robert Handfield ISBN:978-0357442142 ALL CHAPTERS COVERED YOUR ULTIMATE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!!! NEW LATEST UPDATE!!!!!!

TEST BANK FOR
FH FH

PurchasingFHandFHSupplyFHChainFHManagementFH8eFHRobertFHB.FHHandfield,FHLarryFHC.FHGiunipero,FHRobertFHM.FHMonczka,FHJam
esFHL.FHPatterson
ChapterFH1-20
ChapterFH1
1. IfFHaFHfirmFHcan’tFHeasilyFHraiseFHtheFHpriceFHofFHitsFHproductsFH,FHmaintainingFHlong-
termFHprofitsFHrequiresFHactivelyFHmanagingFHcosts.
a. True
b. False

2. ForFHmostFHUSFHfirms,FHoffshoringFHisFHtheFHmostFHreliableFHsourceFHofFHmanufacturedFHcomponentsFHwhichFHconsistentl
yFHmeetFHhighFHqualityFHstandards.
a. True
b. False

3. Today’sFHemphasisFHonFHsupplierFHqualityFHhasFHfocusedFHonFHpreventingFHdefectsFHearlyFHinFHtheFHmaterials-
sourcingFHprocessFHratherFHthanFHdetectingFHdefectsFHatFHtheFHtimeFHofFHreceipt.
a. True
b. False

4. Today’sFHcustomersFHareFHveryFHresistantF H toFHpriceFHincreasesFHand,FHinFHfact,FHoftenFHdemandFHdiscounts.
a. True
b. False

5. SupplyFHchainFHsoftwareFHcanFHbeFHgroupedFHintoFHtwoFHgeneralFHcategories:FHplanningFHandFHexecution.
a. True
b. False

6. AFHfirm’sFHsupplyFHchainFHisFHonlyFHasF H strongFHasFHitsFHleast-competitiveFHsupplier.
a. True
b. False

7. OnFHaverage,FHinFHtheFHmanufacturingFHsector,FHmoreFHthanFHhalfFHofFHeveryFHsalesFHrevenueFHdollarF H goesFHbackFHtoFHsuppliers.
a. True
b. False

8. SupplyFHchainFHmanagementFHrarelyFHrequiresFHcoordinationFHofFHactivitiesFHthatFHextendFHacrossFHorganizationalFHboundaries.
a. True
b. False

9. Well-trained,FHhighly-skilledFHemployeesFHareFHessentialFHforFHanyFHcompany’sFHsuccess.
a. True
b. False

10. DuringFHtheFHQuietFHYearsFH(1947-Mid-
a.FH Tru
e
CopyrightFHCengageFHLearning.FHPoweredFHbyFHCo PageFH1
gnero.

,1960s)FHofFHpurchasingFHandFHsupplyFHchainFHmanagementFHevolution,FHfirmsFHfacedFHstableFHcompetitionFHandFHhadFHaccess
FHtoFHabundantFHmaterial.FHTheseF H conditionsFHdiminishedFHtheFHoverallFHimportanceFHofFHpurchasing.




a.FH Tru
e
CopyrightFHCengageFHLearning.FHPoweredFHbyFHCo PageFH2
gnero.

, b.FHFalse

11. SupplyFHmanagementFHinvolvesFHactivitiesFHnotFHfoundFHinFHtraditionalFHpurchasing.
a. True
b. False

12. StrategicFHpurchasingFHpracticesFHareFHessentialFHforFHhelpingFHcompaniesFHmaintainFHtheirFHcompetitiveFHpositionsFH
inFHrapidlyFHchangingFHbusinessFHenvironments.
a. True
b. False

13. FewFHofFHtheFHproductFHfeaturesFHthatFHbecomeFHpartFHofFHaFHfirm’sFHfinalFHproductsFHoriginateFHwithFHsuppliers.
a. True
b. False

14. Today’sF H consumersFHareFHusedFHtoFHenjoyingFHvarietyFHofFHproductFHofferings,FHlowFHprices,FHandFHcustomizedFHservices.
a. True
b. False

15. TheFHtraditionalFHapproachFHtoFHpurchasingFHandFHsupplyFHmanagementFHisFHtoFHbuildFHrelationshipsFHwithFHsuppliers
FHandFHworkFHjointlyFHtoFHreduceFHcostsFHandFHimproveFHquality.

a. True
b. False

16. TheFHincreaseFHinFHvolatility,FHuncertainty,FHcomplexity,FHandFHambiguityFHassociatedFHwithFHlongFHsupplyFHchainsFHha
sFHledFHtoFHanFHinterestFHinFHreshoringFHandFHnearshoring.
a. True
b. False

17. OneFHofFHpurchasing’sFHresponsibilitiesFHisFHsourcingFHindirectFHgoodsFHandFHservicesFHrequiredFHbyFHinternalFHgroups.
a. True
b. False

18. AccordingFHtoFHMichaelFHPorter,FHaFHfirm’sFHvalueFHchainFHisFHcomposedFHofFHprimaryFHandFHsupportFHactivitiesFHthat,FHwhe
nFHconfiguredFHproperly,FHcanFHleadFHtoFHcompetitiveFHadvantage.
a. True
b. False

19. TheFHroutineFHorderingFHandFHfollow-upFHofFHbasicFHoperationalFHsuppliesFHisFHaFHstrategicFHresponsibility.
a. True
b. False

20. DFHAFHdistributionFHmanagerFHwouldFHbeFHresponsibleFHforFHaddressingFHproductFHdamageFHthatFHoccurredFHinFHhandlingFH
materialsFHatFHtheFHreceivingFHdock.
a. True
b. False

21. PurchasingFHandFHsupplyFHmanagementFHhaveFHaFHmajorFHimpactFHonFHproductFHandFHserviceFHquality.
a.FH Tru
e
CopyrightFHCengageFHLearning.FHPoweredFHbyFHCo PageFH3
gnero.

, b.FHFalse

22. ThereFHareFHaFHdefinitiveFHandFHprescriptiveFHsetFHofFHsupplyFHchainFHmeasuresFHthatFHprovideFHoneFHbestFHwayFHtoFHmeasure
FHsupplyFHchainFHperformance.

a. True
b. False

23. TheFHformalFHorganizationFHchartFHportraysFHtheFHentiretyFHofFHtheFHworkingsFHofFHanFHorganization.
a. True
b. False

IndicateFHtheFHanswerFHchoiceFHthatFHbestFHcompletesFHtheFHstatementFHorFHanswersFHtheFHquestion.

24. ForFHwhichFHofFHtheFHofFHtheFHfollowingFHindicesFHdoesFHaFHratingFHoverFH50FHindicateFHeconomicFHexpansion?
a. ConsumerFHPriceFHIndex
b. ProducerFHPriceFHIndex
c. InflationFHRate
d. PurchasingFHManager’sFHInde
x

25. AllFHofFHtheFHfollowingFHareFHkeyFHknowledgeFHareasFHforFHpurchasersFHEXCEPT.
a. SupplierFHrelationshipFHmanagemen
t
b. DataFHandFHanalytics
c. ProductionFHqualityFHcontrol
d. TotalFHcostFHanalysis

26. WhichFHofFHtheFHfollowingFHinvolvesFHgeneratingFHtheFHmaterialsFHrelease,FHcontactingFHaFHsupplierFHdirectlyFHconcernin
gFHcharges,FHandFHmonitoringFHtheFHstatusFHofFHinboundFHshipments?
a. OrderFHprocessing
b. MaterialFHcontrol
c. LogisticsFHplanning
d. CustomerFHservice

27. WhichFHofFHtheFHfollowingFHfunctionalFHgroupsFHisFHresponsibleFHforFHmanagingFHtheFHdownstreamFHmovementFHof
FHmaterialsFHbetweenFHlocationsFHinFHtheFHsupplyFHchain?

a. PurchasingFHManagers
b. InventoryFHmanagers
c. DistributionFHmanagers
d. PurchasingFHmanagers

28. WhichFHofFHtheFHfollowingFHresourcesFHisFHLEASTFHlikelyFHtoFHbeFHsharedFHbetweenFHaFHbuyerFHandFHsupplier?
a. DedicatedFHcapacity
b. Information
c. Technology
d. SkilledFHlaborFHforc
e

29. AllFHofFHtheFHfollowingFHareFHexamplesFHofFHtechnologyFHimpactingFHsupplyFHchainFHmanagementFHoverFHtheFHpastFHt
woFHdecadesFHEXCEPT
CopyrightFHCengageFHLearning.FHPoweredFHbyFHCo PageFH4
gnero.