Exam 11: Global Sourcing and Procurement

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with a stable supply process is called which of the following?

(Multiple Choice)

4.9/5

(36)

Question 41

A financially-driven reason for outsourcing is that it can reduce costs through a lower cost structure.

(True/False)

4.7/5

(43)

Question 42

When considering outsourcing, what should firms be sure to avoid?

(Multiple Choice)

4.8/5

(28)

Question 43

An improvement-driven reason for outsourcing is that it can increase product and service value, customer satisfaction, and shareholder value.

(True/False)

4.7/5

(41)

Question 44

The acronym RFP stands for: .

(Essay)

4.9/5

(32)

Question 45

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000, which of the following is inventory turnover?

(Multiple Choice)

4.9/5

(37)

Question 46

The optimal strategy for innovative products is to use an efficient supply-chain.

(True/False)

4.9/5

(33)

Question 47

The total cost of ownership (TCO) can be categorized into three areas: acquisition costs, ownership costs, and post-ownership costs.

(True/False)

4.8/5

(35)

Question 48

A financially-driven reason for outsourcing is that it can turn fixed costs into variable costs.

(True/False)

4.9/5

(37)

Question 49

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for innovative products with a stable supply process is called which of the following?

(Multiple Choice)

4.8/5

(35)

Question 50

Capability Sourcing refers to outsourcing the functions that they do best to trusted key partners.

(True/False)

4.9/5

(30)

Question 51

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000, which of the following is weeks of supply?

(Multiple Choice)

4.8/5

(33)

Question 52

The total cost of ownership (TCO) is an estimate of the cost of an item that includes all the costs related to the procurement and use of an item, but does not include any of the costs related to disposing of the item after it is no longer useful.

(True/False)

4.9/5

(51)

Question 53

Which is the most challenging kind of supply chain to manage according to Hau Lee?

(Multiple Choice)

4.8/5

(36)

Question 54

Acquisition costs include which of the following costs?

(Multiple Choice)

4.8/5

(41)

Question 55

Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically.

(True/False)

4.8/5

(43)

Question 56

When a customer allows his/her supplier to manage an item or group of items for them it is called

(Essay)

4.9/5

(33)

Question 57

Functional products include staples that people buy in a wide range of retail outlets, such as grocery stores and gas stations.

(True/False)

4.8/5

(29)

Question 58

An organizationally-driven reason for outsourcing is that it can transform the organization.

(True/False)

4.8/5

(53)

Question 59

Which of the following is an organizationally-driven reason for outsourcing?

(Multiple Choice)

4.7/5

(39)

Question 60

Showing 41 - 60 of 64

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with a stable supply process is called which of the following?

A financially-driven reason for outsourcing is that it can reduce costs through a lower cost structure.

When considering outsourcing, what should firms be sure to avoid?

An improvement-driven reason for outsourcing is that it can increase product and service value, customer satisfaction, and shareholder value.

The acronym RFP stands for: .

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000, which of the following is inventory turnover?

The optimal strategy for innovative products is to use an efficient supply-chain.

The total cost of ownership (TCO) can be categorized into three areas: acquisition costs, ownership costs, and post-ownership costs.

A financially-driven reason for outsourcing is that it can turn fixed costs into variable costs.

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for innovative products with a stable supply process is called which of the following?

Capability Sourcing refers to outsourcing the functions that they do best to trusted key partners.

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000, which of the following is weeks of supply?

The total cost of ownership (TCO) is an estimate of the cost of an item that includes all the costs related to the procurement and use of an item, but does not include any of the costs related to disposing of the item after it is no longer useful.

Which is the most challenging kind of supply chain to manage according to Hau Lee?

Acquisition costs include which of the following costs?

Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically.

When a customer allows his/her supplier to manage an item or group of items for them it is called

Functional products include staples that people buy in a wide range of retail outlets, such as grocery stores and gas stations.

An organizationally-driven reason for outsourcing is that it can transform the organization.

Which of the following is an organizationally-driven reason for outsourcing?

Operations and Supply Chain Management

Strategy and Sustainability

Product and Service Design

Strategic Capacity Management

Process Analysis

Production Processes

Service Processes

Health Care Processes

Six-Sigma Quality

Projects

Location, Logistics and Distribution

Lean and Sustainable Supply Chains

Enterprise Resource Planning Systems

Demand Management and Forecasting

Sales and Operations Planning

Inventory Control

Material Requirements Planning

Scheduling

Constraint Management

Filters