Exam 1: Introduction to Purchasing and Supply Chain Management

In quality control,the emphasis has shifted from detecting defects at the time of receipt or use to prevention early in the materials-sourcing process.

The routine ordering and follow-up of basic operational supplies is a strategic responsibility.

____ identifies all claims on output; while ____ is the process of taking demand data and developing a supply,production,and logistics network capable of satisfying demand requirements.

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

Competition today is no longer between firms; it is between the supply chains of those firms.

According to Porter,a value chain is a subset of the supply chain.

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

Supply management is a broader concept than purchasing.

Which of the following is not an example of a typical resource shared between a buyer and supplier?

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.

Purchasing and supply management has minimal impact on product and service quality.

All of the following are typical processes involved in supply chain management except ____.

The knowledge and skills demanded of today's supply chain professional has not changed and is the same as before.

The ____ states that success is a function of effectively managing a linked group of firms past first-level suppliers or customers.

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.

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

Distribution management involves the management of packaging,storing,and handling of materials at receiving docks,warehouses,and retail outlets.

Within the downstream portion of a supply chain,____ are responsible for the actual movement of materials between locations.

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

____ is a functional group (i.e.,a formal entity on the organizational chart as well as a functional activity (i.e.,buying goods and services).