Question 1

Which of the following is not one of the advantages of a rationalized and optimized supply base?

Accepted Answer

A)  Buying from world-class suppliers. 
B)  Use of full-service suppliers. 
C)  Lower supply base administrative costs. 
D)  Reduction of supply base risk. 
E)  Absence of competition. 
A)  Buying from world-class suppliers. 
B)  Use of full-service suppliers. 
C)  Lower supply base administrative costs. 
D)  Reduction of supply base risk. 
E)  Absence of competition.

Question 2

_____ is any activity undertaken by a buyer to improve a supplier's performance or capabilities to meet the buyer's short- and long-term supply needs.

Accepted Answer

A)  Supply base rationalization 
B)  The twenty/eighty rule 
C)  Supply base optimization 
D)  Supplier development 
E)  Six Sigma 
A)  Supply base rationalization 
B)  The twenty/eighty rule 
C)  Supply base optimization 
D)  Supplier development 
E)  Six Sigma

Question 3

Certain risks, such as those arising from war, piracy, and losses attributable to delays in transit, are generally covered by standard insurance policies.

Accepted Answer

A) True 
 B)False

Question 4

Supplier performance measurement differs somewhat from the process used to initially evaluate and select a supplier as it is a continuous process as opposed to a unique, one-time event.

Accepted Answer

A) True 
 B)False

Which of the following is not one of the advantages of a rationalized and optimized supply base?

_____ is any activity undertaken by a buyer to improve a supplier's performance or capabilities to meet the buyer's short- and long-term supply needs.

Certain risks, such as those arising from war, piracy, and losses attributable to delays in transit, are generally covered by standard insurance policies.

Supplier performance measurement differs somewhat from the process used to initially evaluate and select a supplier as it is a continuous process as opposed to a unique, one-time event.

Introduction to Purchasing and 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

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

Which of the following is not one of the advantages of a rationalized and optimized supply base?

_____ is any activity undertaken by a buyer to improve a supplier's performance or capabilities to meet the buyer's short- and long-term supply needs.

Certain risks, such as those arising from war, piracy, and losses attributable to delays in transit, are generally covered by standard insurance policies.

Supplier performance measurement differs somewhat from the process used to initially evaluate and select a supplier as it is a continuous process as opposed to a unique, one-time event.

Introduction to Purchasing and 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

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