Question 1

The principle(s)underlying blockchain technology include:

Accepted Answer

A) a distributed database. 
B) peer-to-peer transmission. 
C) transparency with pseudonymity. 
D) irreversibility of records. 
E) a distributed database,peer-to-peer transmission,transparency with pseudonymity and irreversibility of records. 
A) a distributed database. 
B) peer-to-peer transmission. 
C) transparency with pseudonymity. 
D) irreversibility of records. 
E) a distributed database,peer-to-peer transmission,transparency with pseudonymity and irreversibility of records.

Question 2

The supply planning process starts with information derived from the annual sales forecast,production/service delivery forecasts,and general economic forecast.

Accepted Answer

A) True 
 B)False

Question 3

Supply metrics can be grouped into two broad categories: efficiency and effectiveness.

Accepted Answer

A) True 
 B)False

Question 4

The budget that covers all of the expenses incurred for the supply function including salaries and wages;space,equipment,and information technology costs;travel and entertainment,educational,postage,telephone,cell phone,and office supplies expenditures,is called the:

Accepted Answer

A) capital budget. 
B) cash flow budget. 
C) materials purchase budget. 
D) administrative or operating budget. 
E) organizational budget. 
A) capital budget. 
B) cash flow budget. 
C) materials purchase budget. 
D) administrative or operating budget. 
E) organizational budget.

Question 5

Triple bottom line reporting refers to an organization's social,environmental,and political performance.

Accepted Answer

A) True 
 B)False

Question 6

Supplier performance management systems should be designed to capture and communicate supplier performance data to improve future performance and future decisions.

Accepted Answer

A) True 
 B)False

Question 7

Supply management's role in sustainability initiatives includes:

Accepted Answer

A) substituting renewable energy for carbon-based energy. 
B) accountability for the social practices of their suppliers,including worker safety,payment of living wages,and child labor. 
C) eliminating waste anywhere in the supply chain. 
D) setting clear standards for suppliers related to social conditions in their plants and subcontracting facilities. 
E) substituting renewable energy for carbon-based energy,accountability for the social practices of their suppliers,including worker safety,payment of living wages,and child labor,eliminating waste anywhere in the supply chain and setting clear standards for suppliers related to social conditions in their plants and subcontracting facilities. 
A) substituting renewable energy for carbon-based energy. 
B) accountability for the social practices of their suppliers,including worker safety,payment of living wages,and child labor. 
C) eliminating waste anywhere in the supply chain. 
D) setting clear standards for suppliers related to social conditions in their plants and subcontracting facilities. 
E) substituting renewable energy for carbon-based energy,accountability for the social practices of their suppliers,including worker safety,payment of living wages,and child labor,eliminating waste anywhere in the supply chain and setting clear standards for suppliers related to social conditions in their plants and subcontracting facilities.

Question 8

The goal of research on purchased materials,products or services is to:

Accepted Answer

A) rationalize the supply base by thoroughly reviewing all sources. 
B) increase competitiveness by redesigning,standardizing or substituting. 
C) reduce price by reviewing past predictions and variances from actual prices. 
D) analyze volume trends over time compared to forecasted availability. 
E) assess performance of the commodity manager to make internal improvements. 
A) rationalize the supply base by thoroughly reviewing all sources. 
B) increase competitiveness by redesigning,standardizing or substituting. 
C) reduce price by reviewing past predictions and variances from actual prices. 
D) analyze volume trends over time compared to forecasted availability. 
E) assess performance of the commodity manager to make internal improvements.

Question 9

Supply availability is the most common criterion used to decide where organizations direct their supply research efforts.

Accepted Answer

A) True 
 B)False

Question 10

An example of an effectiveness-oriented metric of supply management performance:

Accepted Answer

A) measures direct and indirect contributions to final customer satisfaction. 
B) calculates operating cost as a percentage of total dollar volume of purchases. 
C) calculates the average dollar cost of a purchase order. 
D) calculates operating cost as a percentage of sales. 
E) measures price reductions from the previous contract. 
A) measures direct and indirect contributions to final customer satisfaction. 
B) calculates operating cost as a percentage of total dollar volume of purchases. 
C) calculates the average dollar cost of a purchase order. 
D) calculates operating cost as a percentage of sales. 
E) measures price reductions from the previous contract.

The principle(s)underlying blockchain technology include:

The supply planning process starts with information derived from the annual sales forecast,production/service delivery forecasts,and general economic forecast.

Supply metrics can be grouped into two broad categories: efficiency and effectiveness.

The budget that covers all of the expenses incurred for the supply function including salaries and wages;space,equipment,and information technology costs;travel and entertainment,educational,postage,telephone,cell phone,and office supplies expenditures,is called the:

Triple bottom line reporting refers to an organization's social,environmental,and political performance.

Supplier performance management systems should be designed to capture and communicate supplier performance data to improve future performance and future decisions.

Supply management's role in sustainability initiatives includes:

The goal of research on purchased materials,products or services is to:

Supply availability is the most common criterion used to decide where organizations direct their supply research efforts.

An example of an effectiveness-oriented metric of supply management performance:

Purchasing and Supply Management

Supply Strategy

Supply Organization

Supply Processes and Technology

Make or Buy,insourcing and Outsourcing

Need Identification and Specification

Quality

Quantity and Inventory

Delivery

Price

Cost Management

Supplier Selection

Supplier Evaluation and Supplier Relationships

Global Supply Management

Legal and Ethics

Other Supply Responsibilities

Filters

Exam 17: Supply Function Evaluation and Trends

The principle(s)underlying blockchain technology include:

The supply planning process starts with information derived from the annual sales forecast,production/service delivery forecasts,and general economic forecast.

Supply metrics can be grouped into two broad categories: efficiency and effectiveness.

The budget that covers all of the expenses incurred for the supply function including salaries and wages;space,equipment,and information technology costs;travel and entertainment,educational,postage,telephone,cell phone,and office supplies expenditures,is called the:

Triple bottom line reporting refers to an organization's social,environmental,and political performance.

Supplier performance management systems should be designed to capture and communicate supplier performance data to improve future performance and future decisions.

Supply management's role in sustainability initiatives includes:

The goal of research on purchased materials,products or services is to:

Supply availability is the most common criterion used to decide where organizations direct their supply research efforts.

An example of an effectiveness-oriented metric of supply management performance:

Purchasing and Supply Management

Supply Strategy

Supply Organization

Supply Processes and Technology

Make or Buy,insourcing and Outsourcing

Need Identification and Specification

Quality

Quantity and Inventory

Delivery

Price

Cost Management

Supplier Selection

Supplier Evaluation and Supplier Relationships

Global Supply Management

Legal and Ethics

Other Supply Responsibilities

Filters