BCOR 360 Exam 2 Questions and Answers Latest Update

BCOR 360 Exam 2 Questions and Answers Latest Update What are the five activities of the SCOR model? - Answers plan, source, make, deliver, return Which of the following is a "right" in the less formal definitions of purchasing? - Answers Obtaining the right material; In the right quantity; At the right time; For delivery to the right place; All of the above During WWII, ________ increased the emphasis on purchasing. - Answers Materials Shortages Purchasing savings can have a huge impact on the firm's profit leverage. - Answers True During which era did outsourcing make purchasing strategic? - Answers Strategic Era The strategic sourcing matrix: - Answers Is used to segment purchases; Is widely used in practice; Considers the importance of the category and the complexity of the market to classify purchases; All of the above Leverage purchases: - Answers A buyer's dream; Your best opportunity to really save money; Only B and C Bottleneck buys: - Answers Are difficult to manage because there are few options. A purchase where there are a large number of competitive suppliers and you buy a fairly large amount relative to the market would most likely be classified as: - Answers Leverage Critical items (on the strategic sourcing matrix) are: - Answers Also called strategic items Which of the following is not a step in the strategic sourcing process? - Answers Plan Supplier segmentation using the strategic sourcing matrix occurs during which step of the strategic sourcing process? - Answers Analyze During which step of the strategic sourcing process would you identify potential suppliers? - Answers Source When it comes to negotiations, it is important to know that: - Answers Knowledge is power during which step of the strategic sourcing process do you actually purchase items you have contracted for? - Answers Procure A strategic alliance is most likely in which spend category? - Answers Critical Reasons for early supplier involvement is: - Answers To utilize the supplier's innovative ideas; Because the most cost and functionality is determined during design; Only B and C Potential supplier contributions from ESI include: - Answers Providing feedback on feasibility of materials and processes; Suggest alternatives; Improve cost; Improve lead time; All of the above In its relationship with Gordon Foods, Bob Evans did which of the following? - Answers Consolidated to a single source; Gave the drivers access to the restaurants at night for delivery when no one else was there; Only A and C As part of supplier integration: - Answers You share information on your plans with the supplier; You communicate seamlessly; Only B and C Multi-criteria analysis is a tool that helps you compare "distinctly different" options. - Answers True Which of the following is not one of the four reasons to include a multi-criteria analysis in your toolkit? - Answers comprehensiveness Which step in the process helps you determine how important each criterion is? - Answers set weights To calculate results you multiply the score for each criterion by the associated weight and add up the results. - Answers True Which step in the process asks you to fill in your comparison matrix? - Answers Evaluate options The make or buy decision analysis tells us: - Answers It is not that important to the company's success to outsource items that are not strategic to our success; Before outsourcing a strategic item, we should seriously consider our own ability to successfully make that item; Only A and C outsourcing just means that you are buying something instead of making it. - Answers False When considering outsourcing, you should evaluate which of the following factors? - Answers Whether the item is strategically important to you; How good you are at making the item versus how good suppliers are at making it; The total cost of ownership of the item compared to the cost to make the item internally; All of the above