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11. Which of the following was a popular way in the 1990’s of developing radically new business processes in an effort to reduce waste and increase performance? a. Business process reengineering b. Benchmarking c. Process integration d. Vertical integration 12. Which of the following can be classified as a 3PL? a. A company that […]
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1. Purchasing can be broadly classified into two categories: merchants and industrial buyers. 2. The acquisition of services is also known as contracting. 3. The term Supply Management is used to describe responsibilities above and beyond those of traditional purchasing. 4. In the context of Supply Chain Management, the acts of obtaining raw materials, services, […]
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11. A purchase order is legally binding once issued by the buyer. 12. Procurement credit cards can be used for small purchases excluding meals, lodging, and travel expenses. 13. Blank check purchase orders, Corporate purchasing cards, Petty cash, and Open-end purchase orders are all possible alternatives to dealing with small value purchases such as those […]
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1. The hybrid purchasing system, such as the one utilized by Harrah’s, includes many benefits. In such a system the regional office preserves four fundamental purchasing rights. Which of the following is NOT one of those rights? a. Allow suppliers to bid for each purchase b. Select the supplier c. Use whichever pricing method is […]
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1. The hybrid purchasing system, such as the one utilized by Harrah’s, includes many benefits. In such a system the regional office preserves four fundamental purchasing rights. Which of the following is NOT one of those rights? a. Allow suppliers to bid for each purchase b. Select the supplier c. Use whichever pricing method is […]
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11. On occasion, firms assist suppliers, new or old, to improve their processing capabilities, product or service quality, delivery effectiveness, and cost performance by providing the required technical and financial assistance. This is referred to as: a. Supplier development b. Outsourcing c. Centralized purchasing d. Supplier hybridization 12. The Uniform Commercial Code governs the purchase […]
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1. If a company is effectively focusing on its core competencies, its level of outsourcing is likely to increase. 2. In order to maintain a shared vision, the buyer alone should establish the objectives of the partnership, which must then be fulfilled by the actions of the supplier. 3. Interpersonal relationships are not necessarily relevant […]
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11. When evaluating suppliers for supplier certification, personal visits may be made to the prospective supplier to observe operations first hand. 12. One result of an effective supplier certification program is an increase in the supplier base. 13. An effective supplier certification program will increase time spent on incoming inspections. 14. In a weighted-criteria evaluation […]
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1. According to the text, key ingredients for developing successful supply partnerships include all of the following EXCEPT: a. Personal relationships b. Individualized objectives c. Mutual benefits and needs d. Performance metrics 2. Which of the following is important in developing successful relationships in a partnership? a. Commitment by top management b. Interpersonal relationships between […]
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11. An organization’s process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections can be referred to as: a. Quality Systems Certification b. Supply Management c. Supplier Inspection d. Supplier Certification 12. Benefits of implementing an effective supplier certification program include all or the following EXCEPT: a. Building long-term […]
