Exam 1: Introduction to Purchasing and Supply Chain Management

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

_____ are those items provided by suppliers and used directly during production or service delivery.

Purchasing is becoming less responsible for sourcing indirect goods and services required by internal groups.

The key to the success of any company is the quality of its employees.

_____ seeks to improve forecast accuracy, optimize production scheduling, reduce working capital costs, shorten cycle times, cut transportation costs, and improve customer service; while _____ helps obtain materials and manage physical flows from suppliers through downstream distribution to ensure that customers receive the right products at the right location, time, and cost.

Today's emphasis on supplier quality has shifted from detecting defects at the time of receipt or use to prevention early in the materials-sourcing process.

Which of the following is not one of the four enablers of purchasing and supply chain management?​