Question 1

Outsourcing allows a firm to achieve an improved focus on its core competencies.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not an organizationally-driven reason for outsourcing?

Accepted Answer

A) Improve effectiveness by focusing on what the firm does best 
B) Improve flexibility to meet changing demand for products and services 
C) Increase product and service value by improving response to customer needs 
D) Improve credibility and image by associating with superior providers 
E) All of these are organizationally-driven reasons for outsourcing 
A) Improve effectiveness by focusing on what the firm does best 
B) Improve flexibility to meet changing demand for products and services 
C) Increase product and service value by improving response to customer needs 
D) Improve credibility and image by associating with superior providers 
E) All of these are organizationally-driven reasons for outsourcing

Question 3

Which of the following is not an improvement-driven reason for outsourcing?

Accepted Answer

A) Improve quality and productivity 
B) Enhance effectiveness by focusing on what you do best 
C) Improve risk management 
D) Obtain expertise,skills and technologies not otherwise available 
E) Improve credibility and image by associating with superior providers 
A) Improve quality and productivity 
B) Enhance effectiveness by focusing on what you do best 
C) Improve risk management 
D) Obtain expertise,skills and technologies not otherwise available 
E) Improve credibility and image by associating with superior providers

Question 4

An organizationally-driven reason for outsourcing is that it can transform the organization.

Accepted Answer

A) True 
 B)False

Question 5

financially-driven reason for outsourcing is that it can reduce costs through a lower cost structure.

Accepted Answer

A) True 
 B)False

Question 6

An important opportunity in green sourcing is waste reduction opportunities.

Accepted Answer

A) True 
 B)False

Question 7

Ownership costs include which of the following costs?

Accepted Answer

A) Environmental costs 
B) Warranty costs 
C) Supply chain costs 
D) Quality costs 
E) Taxes 
A) Environmental costs 
B) Warranty costs 
C) Supply chain costs 
D) Quality costs 
E) Taxes

Question 8

firm that controls most of the activities in its supply chain is said to be vertically integrated.

Accepted Answer

A) True 
 B)False

Question 9

Overemphasis on purchase price frequently results in failure to address other significant costs.

Accepted Answer

A) True 
 B)False

Question 10

In conducting a Total Cost of Ownership analysis,it is probably best to use a team representing the key functional areas.

Accepted Answer

A) True 
 B)False

Question 11

Logistics is a term that refers to the management functions that support the complete cycle of material flow,from the purchase and internal control of production materials;to the planning and control of work-in-process;to the purchasing,shipping,and distribution of the finished product.

Accepted Answer

A) True 
 B)False

Question 12

financially-driven reason for outsourcing is that it can help gain access to new markets,especially in developing countries.

Accepted Answer

A) True 
 B)False

Question 13

Acquisition costs include which of the following costs?

Accepted Answer

A) Quality costs 
B) Maintenance and repair costs 
C) Environmental costs 
D) Supply chain costs 
E) Customer dissatisfaction costs 
A) Quality costs 
B) Maintenance and repair costs 
C) Environmental costs 
D) Supply chain costs 
E) Customer dissatisfaction costs

Question 14

Which of the following is not an improvement-driven reason to outsource?

Accepted Answer

A) Improve risk management 
B) Increase commitment in a noncore area 
C) Shorten cycle time 
D) Improve quality and productivity 
E) Obtain expertise,skills and technologies that are otherwise not available 
A) Improve risk management 
B) Increase commitment in a noncore area 
C) Shorten cycle time 
D) Improve quality and productivity 
E) Obtain expertise,skills and technologies that are otherwise not available

Question 15

Firms producing functional products are forced to introduce a steady stream of innovations in order to survive.

Accepted Answer

A) True 
 B)False

Question 16

Two common measures to evaluate supply chain efficiency are the inventory turnover and weeks-of-supply ratios.

Accepted Answer

A) True 
 B)False

Question 17

When using the supply chain uncertainty framework to classify supply chains,a supply chain for functional products with a stable supply process is called which of the following?

Accepted Answer

A) Efficient 
B) Forward looking 
C) Agile 
D) Risk hedging 
E) Responsive 
A) Efficient 
B) Forward looking 
C) Agile 
D) Risk hedging 
E) Responsive

Question 18

Which of the following is an organizationally-driven reason for outsourcing?

Accepted Answer

A) Improve effectiveness by focusing on what the firm does best 
B) Turn fixed costs into variable costs 
C) Reduce costs through lowered cost structure and increased flexibility 
D) Improve risk management 
E) Improve credibility and image by associating with superior providers 
A) Improve effectiveness by focusing on what the firm does best 
B) Turn fixed costs into variable costs 
C) Reduce costs through lowered cost structure and increased flexibility 
D) Improve risk management 
E) Improve credibility and image by associating with superior providers

Question 19

Inventory turn values that are considered good differ by industry and the type of products being handled.

Accepted Answer

A) True 
 B)False

Question 20

Green sourcing requires incorporating new criteria for evaluating alternatives.

Accepted Answer

A) True 
 B)False

Outsourcing allows a firm to achieve an improved focus on its core competencies.

Which of the following is not an organizationally-driven reason for outsourcing?

Which of the following is not an improvement-driven reason for outsourcing?

An organizationally-driven reason for outsourcing is that it can transform the organization.

financially-driven reason for outsourcing is that it can reduce costs through a lower cost structure.

An important opportunity in green sourcing is waste reduction opportunities.

Ownership costs include which of the following costs?

firm that controls most of the activities in its supply chain is said to be vertically integrated.

Overemphasis on purchase price frequently results in failure to address other significant costs.

In conducting a Total Cost of Ownership analysis,it is probably best to use a team representing the key functional areas.

Logistics is a term that refers to the management functions that support the complete cycle of material flow,from the purchase and internal control of production materials;to the planning and control of work-in-process;to the purchasing,shipping,and distribution of the finished product.

financially-driven reason for outsourcing is that it can help gain access to new markets,especially in developing countries.

Acquisition costs include which of the following costs?

Which of the following is not an improvement-driven reason to outsource?

Firms producing functional products are forced to introduce a steady stream of innovations in order to survive.

Two common measures to evaluate supply chain efficiency are the inventory turnover and weeks-of-supply ratios.

When using the supply chain uncertainty framework to classify supply chains,a supply chain for functional products with a stable supply process is called which of the following?

Which of the following is an organizationally-driven reason for outsourcing?

Inventory turn values that are considered good differ by industry and the type of products being handled.

Green sourcing requires incorporating new criteria for evaluating alternatives.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

PART-A: Learning Curves

Projects Manufacturing and Service Processes

Manufacturing Processes

PART-A: Break-Even Analysis

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six-Sigma Supply Chain Processes and Analytics

Inventory Management

Lean Supply Chains

Location, Logistics and Distribution

Filters

Exam 13: Global Sourcing and Procurement

Outsourcing allows a firm to achieve an improved focus on its core competencies.

Which of the following is not an organizationally-driven reason for outsourcing?

Which of the following is not an improvement-driven reason for outsourcing?

An organizationally-driven reason for outsourcing is that it can transform the organization.

financially-driven reason for outsourcing is that it can reduce costs through a lower cost structure.

An important opportunity in green sourcing is waste reduction opportunities.

Ownership costs include which of the following costs?

firm that controls most of the activities in its supply chain is said to be vertically integrated.

Overemphasis on purchase price frequently results in failure to address other significant costs.

In conducting a Total Cost of Ownership analysis,it is probably best to use a team representing the key functional areas.

Logistics is a term that refers to the management functions that support the complete cycle of material flow,from the purchase and internal control of production materials;to the planning and control of work-in-process;to the purchasing,shipping,and distribution of the finished product.

financially-driven reason for outsourcing is that it can help gain access to new markets,especially in developing countries.

Acquisition costs include which of the following costs?

Which of the following is not an improvement-driven reason to outsource?

Firms producing functional products are forced to introduce a steady stream of innovations in order to survive.

Two common measures to evaluate supply chain efficiency are the inventory turnover and weeks-of-supply ratios.

When using the supply chain uncertainty framework to classify supply chains,a supply chain for functional products with a stable supply process is called which of the following?

Which of the following is an organizationally-driven reason for outsourcing?

Inventory turn values that are considered good differ by industry and the type of products being handled.

Green sourcing requires incorporating new criteria for evaluating alternatives.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

PART-A: Learning Curves

Projects Manufacturing and Service Processes

Manufacturing Processes

PART-A: Break-Even Analysis

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six-Sigma Supply Chain Processes and Analytics

Inventory Management

Lean Supply Chains

Location, Logistics and Distribution

Filters