Question 1

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

Accepted Answer

A) True 
 B)False  True

Question 2

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 A

Question 3

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

Accepted Answer

A)  Sufficient cash flow and large on-hand cash deposits. 
B)  Capable human resources. 
C)  Proper organizational design. 
D)  Real-time collaborative technology capabilities. 
E)  Right measures and measurement systems. 
A)  Sufficient cash flow and large on-hand cash deposits. 
B)  Capable human resources. 
C)  Proper organizational design. 
D)  Real-time collaborative technology capabilities. 
E)  Right measures and measurement systems. A

Question 4

In Period 4 of the evolution of purchasing and supply chain management, firms faced stable competition and had access to abundant material - conditions that historically have diminished the overall importance of purchasing.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Most of the features that make their way into final products originate with suppliers.

Accepted Answer

A) True 
 B)False

Question 7

According to the Institute for Supply Management, _____ is the identification, acquisition, access, positioning, and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.

Accepted Answer

A)  supply chain management 
B)  procurement 
C)  logistics 
D)  supply management 
E)  distribution 
A)  supply chain management 
B)  procurement 
C)  logistics 
D)  supply management 
E)  distribution

Question 8

An abundance of competitors and choices have conditioned customers to want higher quality, faster delivery, and products and services tailored to their individual needs at a higher total cost.

Accepted Answer

A) True 
 B)False

Question 9

_____ involves generating the materials release, contacting a supplier directly concerning changes, and monitoring the status of inbound shipments.

Accepted Answer

A)  Order processing 
B)  Material control 
C)  Warehousing 
D)  Customer service 
E)  Quality control 
A)  Order processing 
B)  Material control 
C)  Warehousing 
D)  Customer service 
E)  Quality control

Question 10

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 11

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

Accepted Answer

A) True 
 B)False

Question 12

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.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A)  Direct materials 
B)  Indirect materials 
C)  Indirect services 
D)  Internal materials 
E)  Vendor managed inventories 
A)  Direct materials 
B)  Indirect materials 
C)  Indirect services 
D)  Internal materials 
E)  Vendor managed inventories

Question 14

Global sourcing is a requirement and no longer a luxury for most firms.

Accepted Answer

A) True 
 B)False

Question 15

Formal organizational charts portray the entirety of the workings of an organization.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is not one of the features of the new model of progressive purchasing?

Accepted Answer

A)  Developing closer relationships with important suppliers. 
B)  Performing due diligence on suppliers before awarding longer-term contracts. 
C)  Focusing primarily on price analysis and short term contracts. 
D)  Conducting worldwide Internet searches for the best sources of supply. 
E)  Inviting key suppliers to participate in product and process development. 
A)  Developing closer relationships with important suppliers. 
B)  Performing due diligence on suppliers before awarding longer-term contracts. 
C)  Focusing primarily on price analysis and short term contracts. 
D)  Conducting worldwide Internet searches for the best sources of supply. 
E)  Inviting key suppliers to participate in product and process development.

Question 18

_____ 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.

Accepted Answer

A)  RFID….GPS 
B)  Execution software….planning software 
C)  Customer service….inbound transportation 
D)  The process approach….cost management 
E)  Planning software….execution software 
A)  RFID….GPS 
B)  Execution software….planning software 
C)  Customer service….inbound transportation 
D)  The process approach….cost management 
E)  Planning software….execution software

Question 19

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 20

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.

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

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

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

In Period 4 of the evolution of purchasing and supply chain management, firms faced stable competition and had access to abundant material - conditions that historically have diminished the overall importance of purchasing.

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

Most of the features that make their way into final products originate with suppliers.

According to the Institute for Supply Management, _____ is the identification, acquisition, access, positioning, and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.

An abundance of competitors and choices have conditioned customers to want higher quality, faster delivery, and products and services tailored to their individual needs at a higher total cost.

_____ involves generating the materials release, contacting a supplier directly concerning changes, and monitoring the status of inbound shipments.

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.

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

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.

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

Global sourcing is a requirement and no longer a luxury for most firms.

Formal organizational charts portray the entirety of the workings of an organization.

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

Which of the following is not one of the features of the new model of progressive purchasing?

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

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

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category 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

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

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

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

In Period 4 of the evolution of purchasing and supply chain management, firms faced stable competition and had access to abundant material - conditions that historically have diminished the overall importance of purchasing.

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

Most of the features that make their way into final products originate with suppliers.

According to the Institute for Supply Management, _____ is the identification, acquisition, access, positioning, and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.

An abundance of competitors and choices have conditioned customers to want higher quality, faster delivery, and products and services tailored to their individual needs at a higher total cost.

_____ involves generating the materials release, contacting a supplier directly concerning changes, and monitoring the status of inbound shipments.

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.

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

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.

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

Global sourcing is a requirement and no longer a luxury for most firms.

Formal organizational charts portray the entirety of the workings of an organization.

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

Which of the following is not one of the features of the new model of progressive purchasing?

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

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

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category 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 four enablers of purchasing and supply chain management?

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