Question 1

According to the textbook, Wal-Mart is perhaps the company that is most averse to implementing sustainable business practices.

Accepted Answer

A) True 
 B)False  False

Question 2

Harold's Fish Shop decides to reduce its purchases from poorly performing fish suppliers and focus future orders with suppliers that have been top-performing in the past.This is an example of:

Accepted Answer

A) Supply base rationalization 
B) Supplier development 
C) Top-tier supplier selection 
D) Selective sourcing 
A) Supply base rationalization 
B) Supplier development 
C) Top-tier supplier selection 
D) Selective sourcing B

Question 3

Which of the following is FALSE?

Accepted Answer

A) The use of 3PL's has been increasing as companies seek more effective supply chain strategies. 
B) VMI provides retail facilities the opportunity to communicate to manufacturers that the customers are requesting customized items 
C) The use of 3PL providers allows companies to gain competitive advantages without having to gain the required knowledge through firsthand experience. 
D) VMI allows suppliers to manage their customers' inventory provided they have the capability to see inventory levels in real time 
A) The use of 3PL's has been increasing as companies seek more effective supply chain strategies. 
B) VMI provides retail facilities the opportunity to communicate to manufacturers that the customers are requesting customized items 
C) The use of 3PL providers allows companies to gain competitive advantages without having to gain the required knowledge through firsthand experience. 
D) VMI allows suppliers to manage their customers' inventory provided they have the capability to see inventory levels in real time B

Question 4

Some strategic supplier agreements reward the highest performing suppliers with a share of the cost reductions resulting from supplier improvements, additional purchasing contracts, or contract extensions on existing contracts.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is NOT a step suggested in the Supply Chain Sourcing Strategy Framework?

Accepted Answer

A) Classify supplier items as either innovative or functional 
B) Define the goals of the supply chain and check for consistency with products and firm strategy 
C) Distribute free samples of all purchased products to the end-user for detailed evaluation and feedback on supply chain development 
D) Identify and evaluate the capabilities of suppliers and then identify areas which could be improved 
A) Classify supplier items as either innovative or functional 
B) Define the goals of the supply chain and check for consistency with products and firm strategy 
C) Distribute free samples of all purchased products to the end-user for detailed evaluation and feedback on supply chain development 
D) Identify and evaluate the capabilities of suppliers and then identify areas which could be improved

Question 6

Developing a collaborative negotiation infrastructure include four steps: building a preparation process, develop a negotiation database.Design a negotiation launch process, and institute a feedback mechanism.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following can be used as a punishment for suppliers that perform poorly?

Accepted Answer

A) Elimination of future business with the focal firm 
B) Downgrade the supplier's status 
C) Billback penalty 
D) All of these 
A) Elimination of future business with the focal firm 
B) Downgrade the supplier's status 
C) Billback penalty 
D) All of these

Question 8

Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as:

Accepted Answer

A) Ethical souring 
B) Functional sourcing 
C) Strategic sourcing 
D) Hybrid Sourcing 
A) Ethical souring 
B) Functional sourcing 
C) Strategic sourcing 
D) Hybrid Sourcing

Question 9

Purchasing departments can be seen as a primary designer and facilitator of important inward- and outward-facing sourcing policies.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following are considered outcomes of implementing a supplier evaluation and selection criteria?

Accepted Answer

A) Allows firm to screen out poor performing suppliers in its present supplier base. 
B) Allows firm to screen out undesirable suppliers that they may be considering for future purchases. 
C) Allows firm and its suppliers to develop a better corporate relationship 
D) All of these 
A) Allows firm to screen out poor performing suppliers in its present supplier base. 
B) Allows firm to screen out undesirable suppliers that they may be considering for future purchases. 
C) Allows firm and its suppliers to develop a better corporate relationship 
D) All of these

Question 11

Which of the following is TRUE?

Accepted Answer

A) VMI stands for Vertically Managed Inventory 
B) 3PL stands for Third Party Leverage 
C) VMI stands for Vendor-Managed Inventory 
D) 3PL stands for Three Point Logistics 
A) VMI stands for Vertically Managed Inventory 
B) 3PL stands for Third Party Leverage 
C) VMI stands for Vendor-Managed Inventory 
D) 3PL stands for Three Point Logistics

Question 12

The management of the firm's external resources through identification and selection of suppliers, management of supplier relationships, and monitoring and rewarding supplier performance in an effort to support the long-term goals of the organization is called:

Accepted Answer

A) Buyer-supplier integration 
B) Acceptance sampling 
C) Procurement rationalization 
D) Strategic sourcing 
A) Buyer-supplier integration 
B) Acceptance sampling 
C) Procurement rationalization 
D) Strategic sourcing

Question 13

Benchmarking is the practice of copying what other businesses do best.

Accepted Answer

A) True 
 B)False

Question 14

Variations of outsourcing include all of the following EXCEPT: (C; 114)

Accepted Answer

A) Co-sourcing 
B) Selective sourcing 
C) Front sourcing 
D) Insourcing 
A) Co-sourcing 
B) Selective sourcing 
C) Front sourcing 
D) Insourcing

Question 15

According to the textbook, collaborative relationships place a relatively lower importance rating on which of the following competitive priorities:

Accepted Answer

A) Speed of Delivery 
B) Cost 
C) Product Quality 
D) Frequency of deliveries 
A) Speed of Delivery 
B) Cost 
C) Product Quality 
D) Frequency of deliveries

Question 16

According to the EcoMarkets survey, which surveys over 6000 private and public buyers, the most popular aspect of green sourcing is:

Accepted Answer

A) Recycling 
B) Material reuse 
C) Energy conservation 
D) Packaging reuse 
A) Recycling 
B) Material reuse 
C) Energy conservation 
D) Packaging reuse

Question 17

According to the text, driving your suppliers to offer the lowest possible prices, which in turn will lower your cost of goods sold, could prove to be harmful to buyer-supplier relationships and may also decrease the quality levels of the items produced using your suppliers' low cost components.

Accepted Answer

A) True 
 B)False

Question 18

Retail items, which would likely be found at a store like Target or Wal-Mart, like lamps, blankets, microwave ovens, and candy bars would be classified as functional products.

Accepted Answer

A) True 
 B)False

Question 19

Wal-mart is the driving force behind a system of measurement intended to influence how products are made and purchased in the future.This system of measurement is the:

Accepted Answer

A) Greenstream 
B) ISO 17000 
C) Retail carbon footprint 
D) Global sustainability index 
A) Greenstream 
B) ISO 17000 
C) Retail carbon footprint 
D) Global sustainability index

Question 20

The Ethical Trading Initiative (ETI) does NOT include which of the following:

Accepted Answer

A) Children under 13 shall not be employed 
B) Working hours are not excessive 
C) Regular employment is provided 
D) Freedom of association and the right to collective bargaining are respected 
A) Children under 13 shall not be employed 
B) Working hours are not excessive 
C) Regular employment is provided 
D) Freedom of association and the right to collective bargaining are respected

According to the textbook, Wal-Mart is perhaps the company that is most averse to implementing sustainable business practices.

Harold's Fish Shop decides to reduce its purchases from poorly performing fish suppliers and focus future orders with suppliers that have been top-performing in the past.This is an example of:

Which of the following is FALSE?

Some strategic supplier agreements reward the highest performing suppliers with a share of the cost reductions resulting from supplier improvements, additional purchasing contracts, or contract extensions on existing contracts.

Which of the following is NOT a step suggested in the Supply Chain Sourcing Strategy Framework?

Developing a collaborative negotiation infrastructure include four steps: building a preparation process, develop a negotiation database.Design a negotiation launch process, and institute a feedback mechanism.

Which of the following can be used as a punishment for suppliers that perform poorly?

Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as:

Purchasing departments can be seen as a primary designer and facilitator of important inward- and outward-facing sourcing policies.

Which of the following are considered outcomes of implementing a supplier evaluation and selection criteria?

Which of the following is TRUE?

The management of the firm's external resources through identification and selection of suppliers, management of supplier relationships, and monitoring and rewarding supplier performance in an effort to support the long-term goals of the organization is called:

Benchmarking is the practice of copying what other businesses do best.

Variations of outsourcing include all of the following EXCEPT: (C; 114)

According to the textbook, collaborative relationships place a relatively lower importance rating on which of the following competitive priorities:

According to the EcoMarkets survey, which surveys over 6000 private and public buyers, the most popular aspect of green sourcing is:

According to the text, driving your suppliers to offer the lowest possible prices, which in turn will lower your cost of goods sold, could prove to be harmful to buyer-supplier relationships and may also decrease the quality levels of the items produced using your suppliers' low cost components.

Retail items, which would likely be found at a store like Target or Wal-Mart, like lamps, blankets, microwave ovens, and candy bars would be classified as functional products.

Wal-mart is the driving force behind a system of measurement intended to influence how products are made and purchased in the future.This system of measurement is the:

The Ethical Trading Initiative (ETI) does NOT include which of the following:

Introduction to Supply Chain Management

Purchasing Management

Creating and Managing Supplier Relationships

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management: Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters

Exam 4: Ethical and Sustainable Sourcing

According to the textbook, Wal-Mart is perhaps the company that is most averse to implementing sustainable business practices.

Harold's Fish Shop decides to reduce its purchases from poorly performing fish suppliers and focus future orders with suppliers that have been top-performing in the past.This is an example of:

Which of the following is FALSE?

Some strategic supplier agreements reward the highest performing suppliers with a share of the cost reductions resulting from supplier improvements, additional purchasing contracts, or contract extensions on existing contracts.

Which of the following is NOT a step suggested in the Supply Chain Sourcing Strategy Framework?

Developing a collaborative negotiation infrastructure include four steps: building a preparation process, develop a negotiation database.Design a negotiation launch process, and institute a feedback mechanism.

Which of the following can be used as a punishment for suppliers that perform poorly?

Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as:

Purchasing departments can be seen as a primary designer and facilitator of important inward- and outward-facing sourcing policies.

Which of the following are considered outcomes of implementing a supplier evaluation and selection criteria?

Which of the following is TRUE?

The management of the firm's external resources through identification and selection of suppliers, management of supplier relationships, and monitoring and rewarding supplier performance in an effort to support the long-term goals of the organization is called:

Benchmarking is the practice of copying what other businesses do best.

Variations of outsourcing include all of the following EXCEPT: (C; 114)

According to the textbook, collaborative relationships place a relatively lower importance rating on which of the following competitive priorities:

According to the EcoMarkets survey, which surveys over 6000 private and public buyers, the most popular aspect of green sourcing is:

According to the text, driving your suppliers to offer the lowest possible prices, which in turn will lower your cost of goods sold, could prove to be harmful to buyer-supplier relationships and may also decrease the quality levels of the items produced using your suppliers' low cost components.

Retail items, which would likely be found at a store like Target or Wal-Mart, like lamps, blankets, microwave ovens, and candy bars would be classified as functional products.

Wal-mart is the driving force behind a system of measurement intended to influence how products are made and purchased in the future.This system of measurement is the:

The Ethical Trading Initiative (ETI) does NOT include which of the following:

Introduction to Supply Chain Management

Purchasing Management

Creating and Managing Supplier Relationships

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management: Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters