Supply Chain Managment- Test #2
Study online at https://quizlet.com/_hmtwkc
1. which of the following are supply chain management goals EXCEPT: purchase at
the lowest price
2. Qualitative factors that should be assessed when making an insourcing/out-
sourcing decision include all of the following EXCEPT: the costs incurred at the start of the
contract
3. A primary reason for using global suppliers is to: work with the same suppliers in many
different regions of the world
4. An online auction is used for sourcing: when the price is the only difference among suppliers
5. A legally binding document that signals to a supplier that goods and services
are needed is a: purchase order
6. Williams incorporated has acquired software to help manage interactions
with its supply base. This suggests that Williams incorporated is involved in-
: Supplier Relationship Management
7. Stainless steel is an important raw material for an appliance company. Steel
accounts for a high level of spend and is critical to customer satisfaction.
Further, only three suppliers worldwide can produce steel to meet the com-
pany quality standards. What is appropriate in this situation?: Building collaborative
partnerships with suppliers
8. When you need to identify a supplier for a new purchase, the FIRST place you
should look is:: The list of your company's current suppliers
9. Safety stock exists for which of the following reasons?: To provide protection against the
uncertainties of supply and demand
10. A batch of raisin bran that has been made at Kellog's but not yet packaged in
its final cereal box would be an example of what type of inventory: work in process
11. Ball Corporation sells aluminium cans to Anhueuser-Busch to use in making
six-packs of Budweiser. Anheur-Busch has a warehouse located at its plant
in St.Louis that contains boxes of empty cans received from Bali. From AB
perspective the cans in the warehouse represent:: Raw Materials and components inventory
12. Johnson Company had beginning inventory of $1,000,000 and ending inven-
tory of $1,200,000. Johnson has determined inventory carrying cost to be 25
percent. Johnson's inventory carrying cost was:: $275,000
1/4
Study online at https://quizlet.com/_hmtwkc
1. which of the following are supply chain management goals EXCEPT: purchase at
the lowest price
2. Qualitative factors that should be assessed when making an insourcing/out-
sourcing decision include all of the following EXCEPT: the costs incurred at the start of the
contract
3. A primary reason for using global suppliers is to: work with the same suppliers in many
different regions of the world
4. An online auction is used for sourcing: when the price is the only difference among suppliers
5. A legally binding document that signals to a supplier that goods and services
are needed is a: purchase order
6. Williams incorporated has acquired software to help manage interactions
with its supply base. This suggests that Williams incorporated is involved in-
: Supplier Relationship Management
7. Stainless steel is an important raw material for an appliance company. Steel
accounts for a high level of spend and is critical to customer satisfaction.
Further, only three suppliers worldwide can produce steel to meet the com-
pany quality standards. What is appropriate in this situation?: Building collaborative
partnerships with suppliers
8. When you need to identify a supplier for a new purchase, the FIRST place you
should look is:: The list of your company's current suppliers
9. Safety stock exists for which of the following reasons?: To provide protection against the
uncertainties of supply and demand
10. A batch of raisin bran that has been made at Kellog's but not yet packaged in
its final cereal box would be an example of what type of inventory: work in process
11. Ball Corporation sells aluminium cans to Anhueuser-Busch to use in making
six-packs of Budweiser. Anheur-Busch has a warehouse located at its plant
in St.Louis that contains boxes of empty cans received from Bali. From AB
perspective the cans in the warehouse represent:: Raw Materials and components inventory
12. Johnson Company had beginning inventory of $1,000,000 and ending inven-
tory of $1,200,000. Johnson has determined inventory carrying cost to be 25
percent. Johnson's inventory carrying cost was:: $275,000
1/4
