1
IB 439 FINAL Questions with Correct Answers |
Updated (100% Correct Answers)
These current business characteristics have increased the need for better
management of the suppliers who provide goods and service to the organization
EXCEPT Answer: reduced risk
The ISM defines Supply Management at the identification, acquisition, access,
positioning, management of _______ and related ______ the organization needs or
potentially needs in the attainment of its _______ objectives. Answer: resources,
capabilities, strategic
which of the following statements is a reason to purchase a product from an
external supplier? Answer: insufficient capacity
which of the following statements is a reason to manufacture a product in house?
Answer: better control of costs
development and management of supplier relationships to acquire goods and
services in a way that aids in achieving the immediate needs of the business
Answer: strategic sourcing
there are 3 primary procurement strategies, these strategies are listed below
EXCEPT Answer: low cost supplier prioritization (correct ones are supplier
integration, value management, volume consolidation)
© 2026 All rights reserved
, 2
the ____________ analysis extends the breakeven analysis. It does not only consider
purchase cost. It also considers qualitative factors and other quantitative factors.
Answer: total cost of ownership
materials with HIGH supply risk and HIGH profit impact are categorized as
Answer: strategic items
many alternative products and services, many sources of supply, low value, small
individual transactions and everyday use Answer: non critical items
Trent & Monczka article presents the characteristics of outstanding global
sourcing initiatives. These characteristics are listed below EXCEPT Answer:
informal and non structured approaches to communication
in terms of importance of warehousing to overall operations, indicate which one
of the following statements answers the question: why do companies primarily
hold inventories Answer: to achieve transportation economies
by looking at the graph below, identify which one of the following options
correctly describes the relationship between cost components and the number of
warehouses Answer: 1. facility cost 2. inventory cost 3. transportation cost
indicate which of the following factors DOES NOT affect the decision regarding
warehousing size Answer: type of transportation mode used
as customer service levels increase, requirements for warehousing space Answer:
increase
© 2026 All rights reserved
IB 439 FINAL Questions with Correct Answers |
Updated (100% Correct Answers)
These current business characteristics have increased the need for better
management of the suppliers who provide goods and service to the organization
EXCEPT Answer: reduced risk
The ISM defines Supply Management at the identification, acquisition, access,
positioning, management of _______ and related ______ the organization needs or
potentially needs in the attainment of its _______ objectives. Answer: resources,
capabilities, strategic
which of the following statements is a reason to purchase a product from an
external supplier? Answer: insufficient capacity
which of the following statements is a reason to manufacture a product in house?
Answer: better control of costs
development and management of supplier relationships to acquire goods and
services in a way that aids in achieving the immediate needs of the business
Answer: strategic sourcing
there are 3 primary procurement strategies, these strategies are listed below
EXCEPT Answer: low cost supplier prioritization (correct ones are supplier
integration, value management, volume consolidation)
© 2026 All rights reserved
, 2
the ____________ analysis extends the breakeven analysis. It does not only consider
purchase cost. It also considers qualitative factors and other quantitative factors.
Answer: total cost of ownership
materials with HIGH supply risk and HIGH profit impact are categorized as
Answer: strategic items
many alternative products and services, many sources of supply, low value, small
individual transactions and everyday use Answer: non critical items
Trent & Monczka article presents the characteristics of outstanding global
sourcing initiatives. These characteristics are listed below EXCEPT Answer:
informal and non structured approaches to communication
in terms of importance of warehousing to overall operations, indicate which one
of the following statements answers the question: why do companies primarily
hold inventories Answer: to achieve transportation economies
by looking at the graph below, identify which one of the following options
correctly describes the relationship between cost components and the number of
warehouses Answer: 1. facility cost 2. inventory cost 3. transportation cost
indicate which of the following factors DOES NOT affect the decision regarding
warehousing size Answer: type of transportation mode used
as customer service levels increase, requirements for warehousing space Answer:
increase
© 2026 All rights reserved
