Question 1

Supply management's contribution may be measured along three dimensions: reputational enhancement, process management, and price reductions.

Accepted Answer

A) True 
 B)False

Question 2

The cost of maintenance supplies are included in the capital budget.

Accepted Answer

A) True 
 B)False

Question 3

Cost management categories that might be measured include: (1) cost savings, (2) cost reductions, (3) cost avoidance, and (4) process cost savings.

Accepted Answer

A) True 
 B)False

Question 4

In most organizations, current supply performance metrics and evaluation methods are highly effective at validating supply's results and getting supply recognition as a major contributor to organizational success.

Accepted Answer

A) True 
 B)False

Question 5

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 6

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 7

Products that make the most sense to consider for sourcing and manufacturing in North America and Western Europe:

Accepted Answer

A)  are low value and inexpensive to manufacture. 
B)  require the use of complex equipment and skilled workers for manufacturing and assembly. 
C)  are easy to transport. 
D)  are low value and inexpensive to manufacture, and require the use of complex equipment and skilled workers for manufacturing and assembly. 
E)  are low value and inexpensive to manufacture, require the use of complex equipment and skilled workers for manufacturing and assembly, and are low value and inexpensive to manufacture and require the use of complex equipment and skilled workers for manufacturing and assembly. 
A)  are low value and inexpensive to manufacture. 
B)  require the use of complex equipment and skilled workers for manufacturing and assembly. 
C)  are easy to transport. 
D)  are low value and inexpensive to manufacture, and require the use of complex equipment and skilled workers for manufacturing and assembly. 
E)  are low value and inexpensive to manufacture, require the use of complex equipment and skilled workers for manufacturing and assembly, and are low value and inexpensive to manufacture and require the use of complex equipment and skilled workers for manufacturing and assembly.

Question 8

The supply function can play a central role in environmental sustainability in the following area(s):

Accepted Answer

A)  gathering data and managing suppliers to support compliance with regulations. 
B)  communicating environmental sustainability expectations to suppliers. 
C)  measuring suppliers' environmental sustainability performance. 
D)  gathering data and managing suppliers to support compliance with regulations and communicating environmental sustainability expectations to suppliers. 
E)  gathering data and managing suppliers to support compliance with regulations, communicating environmental sustainability expectations to suppliers and measuring suppliers' environmental sustainability performance. 
A)  gathering data and managing suppliers to support compliance with regulations. 
B)  communicating environmental sustainability expectations to suppliers. 
C)  measuring suppliers' environmental sustainability performance. 
D)  gathering data and managing suppliers to support compliance with regulations and communicating environmental sustainability expectations to suppliers. 
E)  gathering data and managing suppliers to support compliance with regulations, communicating environmental sustainability expectations to suppliers and measuring suppliers' environmental sustainability performance.

Question 9

Studies conducted in supply research include:

Accepted Answer

A)  customers. 
B)  competitors. 
C)  supply processes. 
D)  customers and competitors. 
E)  customers, competitors and supply processes. 
A)  customers. 
B)  competitors. 
C)  supply processes. 
D)  customers and competitors. 
E)  customers, competitors and supply processes.

Question 10

Trends in supply organization and leadership include:

Accepted Answer

A)  more chief purchasing officers without previous supply experience. 
B)  greater emphasis on teams and project-based work. 
C)  greater differentiation between strategic and tactical supply roles. 
D)  more chief purchasing officers without previous supply experience and greater emphasis on teams and project-based work. 
E)  more chief purchasing officers without previous supply experience, greater emphasis on teams and project-based work, and greater differentiation between strategic and tactical supply roles. 
A)  more chief purchasing officers without previous supply experience. 
B)  greater emphasis on teams and project-based work. 
C)  greater differentiation between strategic and tactical supply roles. 
D)  more chief purchasing officers without previous supply experience and greater emphasis on teams and project-based work. 
E)  more chief purchasing officers without previous supply experience, greater emphasis on teams and project-based work, and greater differentiation between strategic and tactical supply roles.

Supply management's contribution may be measured along three dimensions: reputational enhancement, process management, and price reductions.

The cost of maintenance supplies are included in the capital budget.

Cost management categories that might be measured include: (1) cost savings, (2) cost reductions, (3) cost avoidance, and (4) process cost savings.

In most organizations, current supply performance metrics and evaluation methods are highly effective at validating supply's results and getting supply recognition as a major contributor to organizational success.

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

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:

Products that make the most sense to consider for sourcing and manufacturing in North America and Western Europe:

The supply function can play a central role in environmental sustainability in the following area(s):

Studies conducted in supply research include:

Trends in supply organization and leadership include:

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

Supply management's contribution may be measured along three dimensions: reputational enhancement, process management, and price reductions.

The cost of maintenance supplies are included in the capital budget.

Cost management categories that might be measured include: (1) cost savings, (2) cost reductions, (3) cost avoidance, and (4) process cost savings.

In most organizations, current supply performance metrics and evaluation methods are highly effective at validating supply's results and getting supply recognition as a major contributor to organizational success.

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

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:

Products that make the most sense to consider for sourcing and manufacturing in North America and Western Europe:

The supply function can play a central role in environmental sustainability in the following area(s):

Studies conducted in supply research include:

Trends in supply organization and leadership include:

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