Question 1

Which of the following is NOT important in developing a successful strategic alliance?

Accepted Answer

A)  Developing performance metrics 
B)  Developing cross-functional team capabilities externally and within the company 
C)  Developing efficient processes that will remain unchanged for the duration of the partnership 
D)  Open lines of communication that both promote sharing and secure confidentiality 
A)  Developing performance metrics 
B)  Developing cross-functional team capabilities externally and within the company 
C)  Developing efficient processes that will remain unchanged for the duration of the partnership 
D)  Open lines of communication that both promote sharing and secure confidentiality C

Question 2

Direct benefits of ISO 14000 include:

Accepted Answer

A)  Reduced defect rates 
B)  Improved on-time delivery rates 
C)  Reduction of pollution emissions 
D)  All of these 
A)  Reduced defect rates 
B)  Improved on-time delivery rates 
C)  Reduction of pollution emissions 
D)  All of these C

Question 3

In a weighted-criteria evaluation system the weights of all the performance dimensions must add up to more than 1.00 and less than 100.

Accepted Answer

A) True 
 B)False  False

Question 4

Summers, Inc.needs to generate a list of good/services purchased per supplier.Which type software program can the manager consult to obtain this information?

Accepted Answer

A)  ISO 9000 
B)  MRP 
C)  SRM 
D)  SCSS 
A)  ISO 9000 
B)  MRP 
C)  SRM 
D)  SCSS

Question 5

If a company is effectively focusing on its core competencies, its level of outsourcing is likely to decrease.

Accepted Answer

A) True 
 B)False

Question 6

China, which has the largest number of ISO 9001 certificates, issued over 292,000 as of 2017, representing 28.3 percent of the total certificates issued worldwide.

Accepted Answer

A) True 
 B)False

Question 7

According to the text, only about half of companies recognize excellent performance with supplier awards and appreciation banquets.

Accepted Answer

A) True 
 B)False

Question 8

A seven-step approach to supplier development might include identifying critical suppliers not meeting performance requirements.

Accepted Answer

A) True 
 B)False

Question 9

Costs associated with investigating alternative suppliers and investigating alternative delivery options can be classified as:

Accepted Answer

A)  Pre-transaction costs 
B)  Post-transaction costs 
C)  Transaction costs 
D)  All of these 
A)  Pre-transaction costs 
B)  Post-transaction costs 
C)  Transaction costs 
D)  All of these

Question 10

In a Total Cost of Ownership system, certification and training of suppliers would be considered post-transaction costs.

Accepted Answer

A) True 
 B)False

Question 11

According to the SCM profile Honda ___________ based on a supplier relations index developed by Planning Perspectives.

Accepted Answer

A)  Ranked lower in 2015 than 2014 
B)  Ranked near the bottom in 2015 
C)  Ranked near the top in 2015 
D)  Ranked fifth in 2015 
A)  Ranked lower in 2015 than 2014 
B)  Ranked near the bottom in 2015 
C)  Ranked near the top in 2015 
D)  Ranked fifth in 2015

Question 12

It is critical that buyers and suppliers develop stronger relationships and partnerships based on a tactical rather than a strategic perspective.

Accepted Answer

A) True 
 B)False

Question 13

The benefits of implementing an effective supplier certification program include all of the following EXCEPT:

Accepted Answer

A)  Building long-term beneficial relationships 
B)  Increasing supplier base 
C)  Improving responsiveness 
D)  Recognizing excellence 
A)  Building long-term beneficial relationships 
B)  Increasing supplier base 
C)  Improving responsiveness 
D)  Recognizing excellence

Question 14

The development of relationships with suppliers brings about changes that must be managed for a company to stay focused on their core businesses.

Accepted Answer

A) True 
 B)False

Question 15

What are the two external certification programs discussed in the text? What does each certification attempt to certify?

Accepted Answer

a.ISO 9000 -ISO 9000 certifies an organi

Question 16

Offering an awards program to suppliers both motivates the suppliers to commit to a program of continuous improvement as well as provides role models for other suppliers to follow.

Accepted Answer

A) True 
 B)False

Question 17

As companies outsource more and more parts, it becomes easier to achieve cost savings internally.

Accepted Answer

A) True 
 B)False

Question 18

Transactional SRM, allows the company to analyze the complete supplier base.

Accepted Answer

A) True 
 B)False

Question 19

SRM software should be capable of:

Accepted Answer

A)  Automating transactional processes 
B)  Making information flow between partners more visible 
C)  Integration of the supply chain making it possible to monitor multiple departments and processes both internally and externally 
D)  All of these 
A)  Automating transactional processes 
B)  Making information flow between partners more visible 
C)  Integration of the supply chain making it possible to monitor multiple departments and processes both internally and externally 
D)  All of these

Question 20

Provide a list of four ways companies can motivate their suppliers to improve.

Accepted Answer

a.Develop supplier recognition/awards pr

Which of the following is NOT important in developing a successful strategic alliance?

Direct benefits of ISO 14000 include:

In a weighted-criteria evaluation system the weights of all the performance dimensions must add up to more than 1.00 and less than 100.

Summers, Inc.needs to generate a list of good/services purchased per supplier.Which type software program can the manager consult to obtain this information?

If a company is effectively focusing on its core competencies, its level of outsourcing is likely to decrease.

China, which has the largest number of ISO 9001 certificates, issued over 292,000 as of 2017, representing 28.3 percent of the total certificates issued worldwide.

According to the text, only about half of companies recognize excellent performance with supplier awards and appreciation banquets.

A seven-step approach to supplier development might include identifying critical suppliers not meeting performance requirements.

Costs associated with investigating alternative suppliers and investigating alternative delivery options can be classified as:

In a Total Cost of Ownership system, certification and training of suppliers would be considered post-transaction costs.

According to the SCM profile Honda ___________ based on a supplier relations index developed by Planning Perspectives.

It is critical that buyers and suppliers develop stronger relationships and partnerships based on a tactical rather than a strategic perspective.

The benefits of implementing an effective supplier certification program include all of the following EXCEPT:

The development of relationships with suppliers brings about changes that must be managed for a company to stay focused on their core businesses.

What are the two external certification programs discussed in the text? What does each certification attempt to certify?

Offering an awards program to suppliers both motivates the suppliers to commit to a program of continuous improvement as well as provides role models for other suppliers to follow.

As companies outsource more and more parts, it becomes easier to achieve cost savings internally.

Transactional SRM, allows the company to analyze the complete supplier base.

SRM software should be capable of:

Provide a list of four ways companies can motivate their suppliers to improve.

Introduction to Supply Chain Management

Purchasing Management

Ethical and Sustainable Sourcing

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management: Lean and Six Sigma in the Supply Chain

Domestic U.S.and Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters

Exam 3: Creating and Managing Supplier Relationships

Which of the following is NOT important in developing a successful strategic alliance?

Direct benefits of ISO 14000 include:

In a weighted-criteria evaluation system the weights of all the performance dimensions must add up to more than 1.00 and less than 100.

Summers, Inc.needs to generate a list of good/services purchased per supplier.Which type software program can the manager consult to obtain this information?

If a company is effectively focusing on its core competencies, its level of outsourcing is likely to decrease.

China, which has the largest number of ISO 9001 certificates, issued over 292,000 as of 2017, representing 28.3 percent of the total certificates issued worldwide.

According to the text, only about half of companies recognize excellent performance with supplier awards and appreciation banquets.

A seven-step approach to supplier development might include identifying critical suppliers not meeting performance requirements.

Costs associated with investigating alternative suppliers and investigating alternative delivery options can be classified as:

In a Total Cost of Ownership system, certification and training of suppliers would be considered post-transaction costs.

According to the SCM profile Honda ___________ based on a supplier relations index developed by Planning Perspectives.

It is critical that buyers and suppliers develop stronger relationships and partnerships based on a tactical rather than a strategic perspective.

The benefits of implementing an effective supplier certification program include all of the following EXCEPT:

The development of relationships with suppliers brings about changes that must be managed for a company to stay focused on their core businesses.

What are the two external certification programs discussed in the text? What does each certification attempt to certify?

Offering an awards program to suppliers both motivates the suppliers to commit to a program of continuous improvement as well as provides role models for other suppliers to follow.

As companies outsource more and more parts, it becomes easier to achieve cost savings internally.

Transactional SRM, allows the company to analyze the complete supplier base.

SRM software should be capable of:

Provide a list of four ways companies can motivate their suppliers to improve.

Introduction to Supply Chain Management

Purchasing Management

Ethical and Sustainable Sourcing

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management: Lean and Six Sigma in the Supply Chain

Domestic U.S.and Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters