Question 1

Building Trust,Shared Vision and Objectives,Personal Relationships,Mutual Benefits and Needs are key factors that contribute to a lasting supplier partnership.

Accepted Answer

A) True 
 B)False

Question 2

If a company is effectively focusing on its core competencies,its level of outsourcing is likely to increase.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is TRUE?

Accepted Answer

A) SRM software modules are very affordable (less than $50,000)and can be implemented with a week. 
B) ISO 75000 is the supplier award given to the highest rated supplier in Japan. 
C) The key to successful partnerships is developing performance measures with weights greater than 3.50. 
D) Continuous improvement and change management are both keys to building successful partnerships.

Question 4

One result of an effective supplier certification program is an increase in the supplier base.

Accepted Answer

A) True 
 B)False

Question 5

A company using a weighted-criteria evaluation system has established these 3 categories and the appropriate weight in parentheses: Quality(0.30),Delivery(0.20),Cost(0.50).
The scores for each category are shown below.Which of the following companies has the highest total score?

Accepted Answer

A) Company A: Quality(90),Delivery(80),Cost(60) 
B) Company C: Quality(70),Delivery(80),Cost(80) 
C) Company B: Quality(70),Delivery(90),Cost(80) 
D) All companies scored the same.

Exam 3: Creating and Managing Supplier Relationship

Building Trust,Shared Vision and Objectives,Personal Relationships,Mutual Benefits and Needs are key factors that contribute to a lasting supplier partnership.

If a company is effectively focusing on its core competencies,its level of outsourcing is likely to increase.

Which of the following is TRUE?

One result of an effective supplier certification program is an increase in the supplier base.

A company using a weighted-criteria evaluation system has established these 3 categories and the appropriate weight in parentheses: Quality(0.30) ,Delivery(0.20) ,Cost(0.50) . The scores for each category are shown below.Which of the following companies has the highest total score?