BCOR 360 EXAM 2 &3 QUESTIONS AND ANSWERS
What are the five activities of the SCOR model? - Answer -plan, source, make, deliver,
return
Which of the following is a "right" in the less formal definitions of purchasing? - Answer
-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. - Answer -Materials
Shortages
Purchasing savings can have a huge impact on the firm's profit leverage. - Answer -
True
During which era did outsourcing make purchasing strategic? - Answer -Strategic Era
The strategic sourcing matrix: - Answer -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: - Answer -A buyer's dream; Your best opportunity to really save
money; Only B and C
Bottleneck buys: - Answer -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: - Answer -
Leverage
Critical items (on the strategic sourcing matrix) are: - Answer -Also called strategic
items
Which of the following is not a step in the strategic sourcing process? - Answer -Plan
Supplier segmentation using the strategic sourcing matrix occurs during which step of
the strategic sourcing process? - Answer -Analyze
During which step of the strategic sourcing process would you identify potential
suppliers? - Answer -Source
When it comes to negotiations, it is important to know that: - Answer -Knowledge is
power
, during which step of the strategic sourcing process do you actually purchase items you
have contracted for? - Answer -Procure
A strategic alliance is most likely in which spend category? - Answer -Critical
Reasons for early supplier involvement is: - Answer -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: - Answer -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? - Answer -
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: - Answer -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. -
Answer -True
Which of the following is not one of the four reasons to include a multi-criteria analysis
in your toolkit? - Answer -comprehensiveness
Which step in the process helps you determine how important each criterion is? -
Answer -set weights
To calculate results you multiply the score for each criterion by the associated weight
and add up the results. - Answer -True
Which step in the process asks you to fill in your comparison matrix? - Answer -
Evaluate options
The make or buy decision analysis tells us: - Answer -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. - Answer -
False
When considering outsourcing, you should evaluate which of the following factors? -
Answer -Whether the item is strategically important to you; How good you are at making
What are the five activities of the SCOR model? - Answer -plan, source, make, deliver,
return
Which of the following is a "right" in the less formal definitions of purchasing? - Answer
-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. - Answer -Materials
Shortages
Purchasing savings can have a huge impact on the firm's profit leverage. - Answer -
True
During which era did outsourcing make purchasing strategic? - Answer -Strategic Era
The strategic sourcing matrix: - Answer -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: - Answer -A buyer's dream; Your best opportunity to really save
money; Only B and C
Bottleneck buys: - Answer -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: - Answer -
Leverage
Critical items (on the strategic sourcing matrix) are: - Answer -Also called strategic
items
Which of the following is not a step in the strategic sourcing process? - Answer -Plan
Supplier segmentation using the strategic sourcing matrix occurs during which step of
the strategic sourcing process? - Answer -Analyze
During which step of the strategic sourcing process would you identify potential
suppliers? - Answer -Source
When it comes to negotiations, it is important to know that: - Answer -Knowledge is
power
, during which step of the strategic sourcing process do you actually purchase items you
have contracted for? - Answer -Procure
A strategic alliance is most likely in which spend category? - Answer -Critical
Reasons for early supplier involvement is: - Answer -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: - Answer -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? - Answer -
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: - Answer -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. -
Answer -True
Which of the following is not one of the four reasons to include a multi-criteria analysis
in your toolkit? - Answer -comprehensiveness
Which step in the process helps you determine how important each criterion is? -
Answer -set weights
To calculate results you multiply the score for each criterion by the associated weight
and add up the results. - Answer -True
Which step in the process asks you to fill in your comparison matrix? - Answer -
Evaluate options
The make or buy decision analysis tells us: - Answer -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. - Answer -
False
When considering outsourcing, you should evaluate which of the following factors? -
Answer -Whether the item is strategically important to you; How good you are at making
