Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

____ refers to the process of assessing and selecting the structure and formal system of communication,division of labor,coordination,control,authority,and responsibility required to achieve organizational goals and objectives,including supply chain objectives.

Accepted Answer

A)  Supply chain orientation 
B)  Human resource management 
C)  Demand planning 
D)  Organizational design 
E)  Extended value chain 
A)  Supply chain orientation 
B)  Human resource management 
C)  Demand planning 
D)  Organizational design 
E)  Extended value chain

Question 3

Research indicates that all of the following are top knowledge areas for purchasers in 2010 except ____.

Accepted Answer

A)  supplier relationship management 
B)  total cost analysis 
C)  supplier analysis 
D)  consumer behavior 
E)  competitive market analysis 
A)  supplier relationship management 
B)  total cost analysis 
C)  supplier analysis 
D)  consumer behavior 
E)  competitive market analysis

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

The overall importance of the purchasing function is increasing,particularly for firms that compete in industries characterized by worldwide competition and rapid change.

Accepted Answer

A) True 
 B)False

Question 6

Processes usually move across functional boundaries.

Accepted Answer

A) True 
 B)False

Question 7

____ 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 8

____ helps ensure that customers receive material when and where they require it.

Accepted Answer

A)  Order processing 
B)  Inbound transportation 
C)  Customer service 
D)  Scheduling 
E)  Inventory control 
A)  Order processing 
B)  Inbound transportation 
C)  Customer service 
D)  Scheduling 
E)  Inventory control

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is an example of a purchased direct item for a manufacturing firm?

Accepted Answer

A)  Parts and components. 
B)  Executive travel. 
C)  Office and janitorial supplies. 
D)  Advertising. 
E)  Personal computers. 
A)  Parts and components. 
B)  Executive travel. 
C)  Office and janitorial supplies. 
D)  Advertising. 
E)  Personal computers.

Question 11

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 12

All of the following are examples of demand planning activities except ____.

Accepted Answer

A)  forecasts of anticipated demand 
B)  accounts payable 
C)  inventory adjustments 
D)  orders taken but not filled 
E)  spare parts and aftermarket requirements 
A)  forecasts of anticipated demand 
B)  accounts payable 
C)  inventory adjustments 
D)  orders taken but not filled 
E)  spare parts and aftermarket requirements

Question 13

The ____ is a change index,and generally a rating over 50 indicates that the economy is expanding.

Accepted Answer

A)  Consumer Price Index 
B)  Producer Price Index 
C)  ISM Report on Business 
D)  rate of inflation 
E)  None of these choices. 
A)  Consumer Price Index 
B)  Producer Price Index 
C)  ISM Report on Business 
D)  rate of inflation 
E)  None of these choices.

Question 14

Instead of adversarial relationships which characterize ____,____ features a long-term win-win relationship between a buying company and specially selected suppliers.

Accepted Answer

A)  traditional purchasing....supply management 
B)  traditional purchasing....logistics management 
C)  supply management....traditional purchasing 
D)  strategic sourcing....supply management 
E)  supply chain management....strategic sourcing 
A)  traditional purchasing....supply management 
B)  traditional purchasing....logistics management 
C)  supply management....traditional purchasing 
D)  strategic sourcing....supply management 
E)  supply chain management....strategic sourcing

Question 15

The development of progressive purchasing approaches and strategies can only help a company maintain its competitive position.

Accepted Answer

A) True 
 B)False

Question 16

The ____ function involves physically getting a product ready for distribution to the customer.

Accepted Answer

A)  customer service 
B)  material control 
C)  materials handling 
D)  quality control 
E)  shipping 
A)  customer service 
B)  material control 
C)  materials handling 
D)  quality control 
E)  shipping

Question 17

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

Accepted Answer

A)  information technology 
B)  too many metrics 
C)  debate over correct metrics 
D)  constantly changing metrics 
E)  old data 
A)  information technology 
B)  too many metrics 
C)  debate over correct metrics 
D)  constantly changing metrics 
E)  old data

Question 18

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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.

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

____ refers to the process of assessing and selecting the structure and formal system of communication,division of labor,coordination,control,authority,and responsibility required to achieve organizational goals and objectives,including supply chain objectives.

Research indicates that all of the following are top knowledge areas for purchasers in 2010 except ____.

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

The overall importance of the purchasing function is increasing,particularly for firms that compete in industries characterized by worldwide competition and rapid change.

Processes usually move across functional boundaries.

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

____ helps ensure that customers receive material when and where they require it.

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

Which of the following is an example of a purchased direct item for a manufacturing firm?

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

All of the following are examples of demand planning activities except ____.

The ____ is a change index,and generally a rating over 50 indicates that the economy is expanding.

Instead of adversarial relationships which characterize , features a long-term win-win relationship between a buying company and specially selected suppliers.

The development of progressive purchasing approaches and strategies can only help a company maintain its competitive position.

The ____ function involves physically getting a product ready for distribution to the customer.

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

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

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

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

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

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 1: Introduction to Purchasing and Supply Chain Management

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

____ refers to the process of assessing and selecting the structure and formal system of communication,division of labor,coordination,control,authority,and responsibility required to achieve organizational goals and objectives,including supply chain objectives.

Research indicates that all of the following are top knowledge areas for purchasers in 2010 except ____.

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

The overall importance of the purchasing function is increasing,particularly for firms that compete in industries characterized by worldwide competition and rapid change.

Processes usually move across functional boundaries.

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

____ helps ensure that customers receive material when and where they require it.

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

Which of the following is an example of a purchased direct item for a manufacturing firm?

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

All of the following are examples of demand planning activities except ____.

The ____ is a change index,and generally a rating over 50 indicates that the economy is expanding.

Instead of adversarial relationships which characterize ____,____ features a long-term win-win relationship between a buying company and specially selected suppliers.

The development of progressive purchasing approaches and strategies can only help a company maintain its competitive position.

The ____ function involves physically getting a product ready for distribution to the customer.

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

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

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

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

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

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

Instead of adversarial relationships which characterize , features a long-term win-win relationship between a buying company and specially selected suppliers.