Question 1

All of the following are examples of demand planning activities except _____.

Accepted Answer

A) forecasts of anticipated demand 
B) accounts payable 
C) inventory adjustments 
D) orders taken but not filled 
E) spare parts and aftermarket requirements 
A) forecasts of anticipated demand 
B) accounts payable 
C) inventory adjustments 
D) orders taken but not filled 
E) spare parts and aftermarket requirements

Question 2

The _____ is a change index, and generally a rating over 50 indicates that the economy is expanding.

Accepted Answer

A) Consumer Price Index 
B) Producer Price Index 
C) ISM Report on Business 
D) rate of inflation 
E) None of these answers. 
A) Consumer Price Index 
B) Producer Price Index 
C) ISM Report on Business 
D) rate of inflation 
E) None of these answers.

Question 3

_____ is a functional group (i.e., a formal entity on the organizational chart as well as a functional activity (i.e., buying goods and services).

Accepted Answer

A) Engineering 
B) Purchasing 
C) Quality assurance 
D) Logistics 
E) Treasury operations 
A) Engineering 
B) Purchasing 
C) Quality assurance 
D) Logistics 
E) Treasury operations

Question 4

According to Michael Porter, a firm's _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly.

Accepted Answer

A) supply chain 
B) process 
C) value chain 
D) marketing channel 
E) core competency 
A) supply chain 
B) process 
C) value chain 
D) marketing channel 
E) core competency

Question 5

In the manufacturing sector, the percentage of purchases to sales averages 55 percent.

Accepted Answer

A) True 
 B)False

Question 6

Distribution management involves the management of packaging, storing, and handling of materials at receiving docks, warehouses, and retail outlets.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not one of the factors driving an emphasis on supply chain management?​

Accepted Answer

A) An increasing emphasis on domestic sourcing due to the longer lead times and higher levels of pipeline inventories associated with global sourcing. 
B) The cost and availability of information resources among entities in the supply chain that allow easy linkages that eliminate time delays in the network. 
C) The level of competition in both domestic and international markets requires organizations to be fast, agile, and flexible. 
D) Customer expectations and requirements that are becoming much more demanding. 
E) The ability of an organization's supply chain to identify and mitigate risk minimizes disruptions in both supply and downstream product or services to mitigate the impact on lost sales. 
A) An increasing emphasis on domestic sourcing due to the longer lead times and higher levels of pipeline inventories associated with global sourcing. 
B) The cost and availability of information resources among entities in the supply chain that allow easy linkages that eliminate time delays in the network. 
C) The level of competition in both domestic and international markets requires organizations to be fast, agile, and flexible. 
D) Customer expectations and requirements that are becoming much more demanding. 
E) The ability of an organization's supply chain to identify and mitigate risk minimizes disruptions in both supply and downstream product or services to mitigate the impact on lost sales.

Question 8

All of the following are roadblocks between measurement and improved performance except _____.

Accepted Answer

A) up-to-date information technology 
B) too many metrics 
C) debate over the correct metrics 
D) constantly changing metrics 
E) old data 
A) up-to-date information technology 
B) too many metrics 
C) debate over the correct metrics 
D) constantly changing metrics 
E) old data

Question 9

A _____ is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products, services, finances, and information from a source to a customer.

Accepted Answer

A) process 
B) manufacturing system 
C) value chain 
D) social media chain 
E) supply chain 
A) process 
B) manufacturing system 
C) value chain 
D) social media chain 
E) supply chain

Question 10

The development of strategic purchasing practices can only help a company maintain its competitive position in a rapidly changing business environment.

Accepted Answer

A) True 
 B)False

Question 11

The _____ activity involves physically getting a product ready for distribution to the customer.

Accepted Answer

A) customer service 
B) material control 
C) materials handling 
D) quality control 
E) shipping 
A) customer service 
B) material control 
C) materials handling 
D) quality control 
E) shipping

Question 12

Which of the following is not an example of a typical resource shared between a buyer and supplier?​

Accepted Answer

A) Dedicated capacity. 
B) Specific information. 
C) Technological capabilities. 
D) Direct financial support. 
E) Advertising and media. 
A) Dedicated capacity. 
B) Specific information. 
C) Technological capabilities. 
D) Direct financial support. 
E) Advertising and media.

Question 13

_____ schedules the firm's output; while _____ is the process of taking demand data and developing a supply, production, and logistics network capable of satisfying demand requirements.

Accepted Answer

A) Inventory control….quality control 
B) Quality control….supply planning 
C) Order processing….material control 
D) Demand planning….customer service 
E) Demand planning….supply planning 
A) Inventory control….quality control 
B) Quality control….supply planning 
C) Order processing….material control 
D) Demand planning….customer service 
E) Demand planning….supply planning

Question 14

The routine ordering and follow-up of basic operational supplies is a strategic responsibility.

Accepted Answer

A) True 
 B)False

Question 15

Instead of adversarial relationships which characterize _____, _____ features a long-term, win-win relationship between a buying company and specially selected suppliers.

Accepted Answer

A) traditional purchasing….supply management 
B) traditional purchasing….logistics management 
C) supply management….traditional purchasing 
D) strategic sourcing….supply management 
E) supply chain management….strategic sourcing 
A) traditional purchasing….supply management 
B) traditional purchasing….logistics management 
C) supply management….traditional purchasing 
D) strategic sourcing….supply management 
E) supply chain management….strategic sourcing

Question 16

_____ involves evaluating suppliers located closer to the United States.

Accepted Answer

A) Re-shoring 
B) Nearshoring 
C) Outsourcing 
D) Offshoring 
E) Insourcing 
A) Re-shoring 
B) Nearshoring 
C) Outsourcing 
D) Offshoring 
E) Insourcing

Question 17

Within the downstream portion of a supply chain, _____ are responsible for the actual movement of materials between locations.

Accepted Answer

A) buyers 
B) trucking firms 
C) logistics managers 
D) accountants 
E) purchasing managers 
A) buyers 
B) trucking firms 
C) logistics managers 
D) accountants 
E) purchasing managers

Question 18

The _____ states that success is a function of effectively managing a linked group of firms past first-level suppliers or customers.

Accepted Answer

A) supply chain orientation 
B) value chain concept 
C) traditional purchasing perspective 
D) extended enterprise concept 
E) process orientation 
A) supply chain orientation 
B) value chain concept 
C) traditional purchasing perspective 
D) extended enterprise concept 
E) process orientation

Question 19

There is a definitive and prescriptive set of supply chain measures that result in one best way to measure supply chain performance.

Accepted Answer

A) True 
 B)False

Question 20

Competition today is no longer between firms; it is between the supply chains of those firms.

Accepted Answer

A) True 
 B)False

All of the following are examples of demand planning activities except _____.

The _____ is a change index, and generally a rating over 50 indicates that the economy is expanding.

_____ is a functional group (i.e., a formal entity on the organizational chart as well as a functional activity (i.e., buying goods and services).

According to Michael Porter, a firm's _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly.

In the manufacturing sector, the percentage of purchases to sales averages 55 percent.

Distribution management involves the management of packaging, storing, and handling of materials at receiving docks, warehouses, and retail outlets.

Which of the following is not one of the factors driving an emphasis on supply chain management?

All of the following are roadblocks between measurement and improved performance except _____.

A _____ is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products, services, finances, and information from a source to a customer.

The development of strategic purchasing practices can only help a company maintain its competitive position in a rapidly changing business environment.

The _____ activity involves physically getting a product ready for distribution to the customer.

Which of the following is not an example of a typical resource shared between a buyer and supplier?

_ schedules the firm's output; while _ is the process of taking demand data and developing a supply, production, and logistics network capable of satisfying demand requirements.

The routine ordering and follow-up of basic operational supplies is a strategic responsibility.

Instead of adversarial relationships which characterize _, _ features a long-term, win-win relationship between a buying company and specially selected suppliers.

_____ involves evaluating suppliers located closer to the United States.

Within the downstream portion of a supply chain, _____ are responsible for the actual movement of materials between locations.

The _____ states that success is a function of effectively managing a linked group of firms past first-level suppliers or customers.

There is a definitive and prescriptive set of supply chain measures that result in one best way to measure supply chain performance.

Competition today is no longer between firms; it is between the supply chains of those firms.

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 1: Introduction to Purchasing and Supply Chain Management

All of the following are examples of demand planning activities except _____.

The _____ is a change index, and generally a rating over 50 indicates that the economy is expanding.

_____ is a functional group (i.e., a formal entity on the organizational chart as well as a functional activity (i.e., buying goods and services).

According to Michael Porter, a firm's _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly.

In the manufacturing sector, the percentage of purchases to sales averages 55 percent.

Distribution management involves the management of packaging, storing, and handling of materials at receiving docks, warehouses, and retail outlets.

Which of the following is not one of the factors driving an emphasis on supply chain management?​

All of the following are roadblocks between measurement and improved performance except _____.

A _____ is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products, services, finances, and information from a source to a customer.

The development of strategic purchasing practices can only help a company maintain its competitive position in a rapidly changing business environment.

The _____ activity involves physically getting a product ready for distribution to the customer.

Which of the following is not an example of a typical resource shared between a buyer and supplier?​

_____ schedules the firm's output; while _____ is the process of taking demand data and developing a supply, production, and logistics network capable of satisfying demand requirements.

The routine ordering and follow-up of basic operational supplies is a strategic responsibility.

Instead of adversarial relationships which characterize _____, _____ features a long-term, win-win relationship between a buying company and specially selected suppliers.

_____ involves evaluating suppliers located closer to the United States.

Within the downstream portion of a supply chain, _____ are responsible for the actual movement of materials between locations.

The _____ states that success is a function of effectively managing a linked group of firms past first-level suppliers or customers.

There is a definitive and prescriptive set of supply chain measures that result in one best way to measure supply chain performance.

Competition today is no longer between firms; it is between the supply chains of those firms.

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Which of the following is not one of the factors driving an emphasis on supply chain management?

Which of the following is not an example of a typical resource shared between a buyer and supplier?

_ schedules the firm's output; while _ is the process of taking demand data and developing a supply, production, and logistics network capable of satisfying demand requirements.

Instead of adversarial relationships which characterize _, _ features a long-term, win-win relationship between a buying company and specially selected suppliers.