SCM - FINAL EXAM COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
Which one of the following is NOT one of the features of the new model of
progressive purchasing?
a. developing closer relationships with important suppliers.
b. performing due diligence on suppliers before awarding longer-term contracts.
c. focusing primarily on price analysis and short term contracts.
d. conducting worldwide internet searches for the best sources of supply e.
inviting key suppliers to participate in product and process development. -
C
Which of the following is NOT one of the factors driving an emphasis on supply
chain management?
a. an increasing emphasis on domestic sourcing due to the longer lead times and
higher levels of pipeline inventories associated with global sourcing.
b. the cost and availability of information resources among entities in the supply
chain that allow easy linkages that eliminate time delays in the network.
c. the level of competition in both domestic and international markets requires
organizations to be fast, agile, and flexible.
d. customer expectations and requirements that are becoming much more
demanding.
e. the ability of an organizations supply chain to identify and mitigate risk
minimizes disruptions in both supply and downstream product or services to
mitigate the impact on lost sales. - A
,_____ is a functional group
a. engineering
b. purchasing
c. quality assurance
d. logistics
e. treasury operations - B
The ____ is a change index and generally a rating over 50 indicates that the
economy is expanding
a. consumer price index
b. producer price index
c. ISM report on business
d. rate of inflation
e. none of the above - C
According to the Institute for Supply Management, _____ is the identification,
acquisition, access, positioning, and management of resources and related
capabilities an organization needs or potentially needs in the attainment of its
strategic objectives.
a. supply chain management.
b. procurement c. logistics.
d. supply management.
e. distribution. - D
,Instead of adversarial relationships which characterize _____, _____ features a
long term, the win-win relationship between a buying company and specially
selected suppliers.
a. traditional purchasing...supply management.
b. traditional purchasing...logistics management.
c. supply management...traditional purchasing.
d. strategic sourcing...supply management.
e. supply chain management...strategic sourcing. - A
A ___ is a set of three or more organizations linked directly by one or more of the
upstream or downstream flows of products, services, finances, and information
form a source to a customer.
a. process.
b. manufacturing system.
c. value chain.
d. social media chain.
e. supply chain. - E
All of the following are typical processes involved in supply chain management
except ____
a. new product development.
b. customer order fulfillment.
c. supplier evaluation and selection.
d. demand and supply planning.
e. cash flow management. - E
, According to Michael Porter, a firm ____ is composed of primary and secondary
support activities that can lead to a competitive advantage when configured
properly.
a. supply chain.
b. process.
c. value chain.
d. marketing channel.
e. core competency. - C
The ____ states that success is a function of effectively managing a linked group
of firms past first-level suppliers or customers.
a. supply chain orientation.
b. value chain concept.
c. traditional purchasing perspective.
d. extended enterprise concept.
e. process orientation. - D
___ are those items provided by suppliers and used directly during production or
service delivery.
a. direct materials.
b. indirect materials.
c. indirect services.
d. internal materials.
e. vendor managed inventories. - A
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
Which one of the following is NOT one of the features of the new model of
progressive purchasing?
a. developing closer relationships with important suppliers.
b. performing due diligence on suppliers before awarding longer-term contracts.
c. focusing primarily on price analysis and short term contracts.
d. conducting worldwide internet searches for the best sources of supply e.
inviting key suppliers to participate in product and process development. -
C
Which of the following is NOT one of the factors driving an emphasis on supply
chain management?
a. an increasing emphasis on domestic sourcing due to the longer lead times and
higher levels of pipeline inventories associated with global sourcing.
b. the cost and availability of information resources among entities in the supply
chain that allow easy linkages that eliminate time delays in the network.
c. the level of competition in both domestic and international markets requires
organizations to be fast, agile, and flexible.
d. customer expectations and requirements that are becoming much more
demanding.
e. the ability of an organizations supply chain to identify and mitigate risk
minimizes disruptions in both supply and downstream product or services to
mitigate the impact on lost sales. - A
,_____ is a functional group
a. engineering
b. purchasing
c. quality assurance
d. logistics
e. treasury operations - B
The ____ is a change index and generally a rating over 50 indicates that the
economy is expanding
a. consumer price index
b. producer price index
c. ISM report on business
d. rate of inflation
e. none of the above - C
According to the Institute for Supply Management, _____ is the identification,
acquisition, access, positioning, and management of resources and related
capabilities an organization needs or potentially needs in the attainment of its
strategic objectives.
a. supply chain management.
b. procurement c. logistics.
d. supply management.
e. distribution. - D
,Instead of adversarial relationships which characterize _____, _____ features a
long term, the win-win relationship between a buying company and specially
selected suppliers.
a. traditional purchasing...supply management.
b. traditional purchasing...logistics management.
c. supply management...traditional purchasing.
d. strategic sourcing...supply management.
e. supply chain management...strategic sourcing. - A
A ___ is a set of three or more organizations linked directly by one or more of the
upstream or downstream flows of products, services, finances, and information
form a source to a customer.
a. process.
b. manufacturing system.
c. value chain.
d. social media chain.
e. supply chain. - E
All of the following are typical processes involved in supply chain management
except ____
a. new product development.
b. customer order fulfillment.
c. supplier evaluation and selection.
d. demand and supply planning.
e. cash flow management. - E
, According to Michael Porter, a firm ____ is composed of primary and secondary
support activities that can lead to a competitive advantage when configured
properly.
a. supply chain.
b. process.
c. value chain.
d. marketing channel.
e. core competency. - C
The ____ states that success is a function of effectively managing a linked group
of firms past first-level suppliers or customers.
a. supply chain orientation.
b. value chain concept.
c. traditional purchasing perspective.
d. extended enterprise concept.
e. process orientation. - D
___ are those items provided by suppliers and used directly during production or
service delivery.
a. direct materials.
b. indirect materials.
c. indirect services.
d. internal materials.
e. vendor managed inventories. - A
