Question 1

Interacting as a team requires the same set of skills as the skills required for traditional work.

Accepted Answer

A) True 
 B)False

Question 2

All of the following are examples of the different methods that supply management will apply to achieve integration except ____.

Accepted Answer

A)  Cross-functional or cross-organizational committees and teams 
B)  Hiring English majors into supply management to correct document wording 
C)  Information systems such as videoconferencing and webmail 
D)  Process-focused organizations that are dedicated to certain processes 
E)  Co-location of suppliers and customers 
A)  Cross-functional or cross-organizational committees and teams 
B)  Hiring English majors into supply management to correct document wording 
C)  Information systems such as videoconferencing and webmail 
D)  Process-focused organizations that are dedicated to certain processes 
E)  Co-location of suppliers and customers

Question 3

If given the opportunity,suppliers seldom have a major impact on the overall timing and success of a new product.

Accepted Answer

A) True 
 B)False

Question 4

Suppliers are never an invaluable source of ideas for process improvement.

Accepted Answer

A) True 
 B)False

Question 5

A shift to closer,more trusting buyer-supplier relationships is easy.

Accepted Answer

A) True 
 B)False

Question 6

The term ____ refers to the set of performance criteria and products and processes an organization intends to develop or manufacture.

Accepted Answer

A)  concurrent engineering 
B)  early supplier involvement 
C)  process loss 
D)  technology roadmap 
E)  R&D plan 
A)  concurrent engineering 
B)  early supplier involvement 
C)  process loss 
D)  technology roadmap 
E)  R&D plan

Question 7

Cross-functional sourcing teams that incorporate supplier participation report fewer problems coordinating work activity between the team and key suppliers.

Accepted Answer

A) True 
 B)False

Question 8

Many firms are now co-locating supply management personnel directly at operations locations so supply management can respond quickly to operations' needs.

Accepted Answer

A) True 
 B)False

Question 9

Many companies are encouraging suppliers to provide a permanent on-site representative who can aid the company in improving customer order fulfillment processes.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is not true regarding establishing sourcing team goals?

Accepted Answer

A)  Teams with established goals often use those goals as a basis for evaluating how well the team is performing. 
B)  Teams will establish, on average, challenging rather than easy goals. 
C)  External pressure on a team to set goals usually results in the setting of more challenging goals. 
D)  Teams establish goals only because they have to. 
E)  Teams with goals perform better, on average, than teams that are asked simply to perform their best without explicit end goals. 
A)  Teams with established goals often use those goals as a basis for evaluating how well the team is performing. 
B)  Teams will establish, on average, challenging rather than easy goals. 
C)  External pressure on a team to set goals usually results in the setting of more challenging goals. 
D)  Teams establish goals only because they have to. 
E)  Teams with goals perform better, on average, than teams that are asked simply to perform their best without explicit end goals.

Question 11

Successfully using teams does not require extensive planning before a team should be allowed to pursue an assignment.

Accepted Answer

A) True 
 B)False

Question 12

Supply management usually maintains significant data about individual activity costs that can increase total cost.

Accepted Answer

A) True 
 B)False

Question 13

A ____ is one that requires members to use a variety of higher level skills,supports giving members regular feedback about performance,results in an outcome with a significant effect on the organization and others outside the team,and provides members autonomy for deciding how they will do the work.

Accepted Answer

A)  SRM 
B)  SOW 
C)  technology roadmap 
D)  meaningful task 
E)  CRM 
A)  SRM 
B)  SOW 
C)  technology roadmap 
D)  meaningful task 
E)  CRM

Question 14

The use of cross-functional sourcing guarantees a successful outcome to a project or assignment.

Accepted Answer

A) True 
 B)False

Question 15

Perhaps the greatest benefit of team interaction is that once a team makes a decision,implementing the decision often becomes easier due to group buy-in.

Accepted Answer

A) True 
 B)False

Question 16

All of the following are examples of how supply management should monitor and anticipate activity in its supply market except ____.

Accepted Answer

A)  ensuring that cost accounting keeps track of historical prices paid 
B)  forecasting long-term supply and prices for its basic commodities 
C)  mentoring technological innovations that impact its primary materials or make substitute materials economically attractive 
D)  evaluating other potential suppliers as well as existing suppliers 
E)  providing visibility to new product requirements 
A)  ensuring that cost accounting keeps track of historical prices paid 
B)  forecasting long-term supply and prices for its basic commodities 
C)  mentoring technological innovations that impact its primary materials or make substitute materials economically attractive 
D)  evaluating other potential suppliers as well as existing suppliers 
E)  providing visibility to new product requirements

Question 17

In ____,suppliers are provided with functional specifications and are asked to complete all technical specifications,including materials to be used,blueprints,and so on.

Accepted Answer

A)  shadow box design 
B)  white box design 
C)  gray box design 
D)  red box design 
E)  black box design 
A)  shadow box design 
B)  white box design 
C)  gray box design 
D)  red box design 
E)  black box design

Question 18

Which of the following is not an example of an appropriate use of a cross-functional team?

Accepted Answer

A)  New product development. 
B)  Preparing a RFQ for a routine commodity product. 
C)  Locating a new production or distribution facility. 
D)  Developing a commodity or purchase family strategy. 
E)  Establishing a new business unit. 
A)  New product development. 
B)  Preparing a RFQ for a routine commodity product. 
C)  Locating a new production or distribution facility. 
D)  Developing a commodity or purchase family strategy. 
E)  Establishing a new business unit.

Question 19

____ is the tendency of a rational group or team to arrive at a bad decision when other information is available.

Accepted Answer

A)  Serendipity 
B)  Collusion 
C)  Process loss 
D)  Maverick spend 
E)  Groupthink 
A)  Serendipity 
B)  Collusion 
C)  Process loss 
D)  Maverick spend 
E)  Groupthink

Question 20

____ is a function of the professional's ability to translate supply market data into compelling insights that solve business problems and to enable organizational connections and networking accelerate business success.

Accepted Answer

A)  SRM 
B)  Groupthink 
C)  Reciprocity 
D)  Process gain 
E)  Relationship capital 
A)  SRM 
B)  Groupthink 
C)  Reciprocity 
D)  Process gain 
E)  Relationship capital

Interacting as a team requires the same set of skills as the skills required for traditional work.

All of the following are examples of the different methods that supply management will apply to achieve integration except ____.

If given the opportunity,suppliers seldom have a major impact on the overall timing and success of a new product.

Suppliers are never an invaluable source of ideas for process improvement.

A shift to closer,more trusting buyer-supplier relationships is easy.

The term ____ refers to the set of performance criteria and products and processes an organization intends to develop or manufacture.

Cross-functional sourcing teams that incorporate supplier participation report fewer problems coordinating work activity between the team and key suppliers.

Many firms are now co-locating supply management personnel directly at operations locations so supply management can respond quickly to operations' needs.

Many companies are encouraging suppliers to provide a permanent on-site representative who can aid the company in improving customer order fulfillment processes.

Which of the following is not true regarding establishing sourcing team goals?

Successfully using teams does not require extensive planning before a team should be allowed to pursue an assignment.

Supply management usually maintains significant data about individual activity costs that can increase total cost.

A ____ is one that requires members to use a variety of higher level skills,supports giving members regular feedback about performance,results in an outcome with a significant effect on the organization and others outside the team,and provides members autonomy for deciding how they will do the work.

The use of cross-functional sourcing guarantees a successful outcome to a project or assignment.

Perhaps the greatest benefit of team interaction is that once a team makes a decision,implementing the decision often becomes easier due to group buy-in.

All of the following are examples of how supply management should monitor and anticipate activity in its supply market except ____.

In ____,suppliers are provided with functional specifications and are asked to complete all technical specifications,including materials to be used,blueprints,and so on.

Which of the following is not an example of an appropriate use of a cross-functional team?

____ is the tendency of a rational group or team to arrive at a bad decision when other information is available.

____ is a function of the professional's ability to translate supply market data into compelling insights that solve business problems and to enable organizational connections and networking accelerate business success.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Purchasing and Supply Management Organization

Supply Management and Commodity 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 4: Supply Management Integration for Competitive Advantage

Interacting as a team requires the same set of skills as the skills required for traditional work.

All of the following are examples of the different methods that supply management will apply to achieve integration except ____.

If given the opportunity,suppliers seldom have a major impact on the overall timing and success of a new product.

Suppliers are never an invaluable source of ideas for process improvement.

A shift to closer,more trusting buyer-supplier relationships is easy.

The term ____ refers to the set of performance criteria and products and processes an organization intends to develop or manufacture.

Cross-functional sourcing teams that incorporate supplier participation report fewer problems coordinating work activity between the team and key suppliers.

Many firms are now co-locating supply management personnel directly at operations locations so supply management can respond quickly to operations' needs.

Many companies are encouraging suppliers to provide a permanent on-site representative who can aid the company in improving customer order fulfillment processes.

Which of the following is not true regarding establishing sourcing team goals?

Successfully using teams does not require extensive planning before a team should be allowed to pursue an assignment.

Supply management usually maintains significant data about individual activity costs that can increase total cost.

The use of cross-functional sourcing guarantees a successful outcome to a project or assignment.

Perhaps the greatest benefit of team interaction is that once a team makes a decision,implementing the decision often becomes easier due to group buy-in.

All of the following are examples of how supply management should monitor and anticipate activity in its supply market except ____.

In ____,suppliers are provided with functional specifications and are asked to complete all technical specifications,including materials to be used,blueprints,and so on.

Which of the following is not an example of an appropriate use of a cross-functional team?

____ is the tendency of a rational group or team to arrive at a bad decision when other information is available.

____ is a function of the professional's ability to translate supply market data into compelling insights that solve business problems and to enable organizational connections and networking accelerate business success.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Purchasing and Supply Management Organization

Supply Management and Commodity 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