Chapter 1 Introduction To Supply Chain Management 14

11. According
to the EcoMarkets survey, which surveys over 6000 private and public buyers,
the most popular aspect of green sourcing is:

a.	Recycling
b.	Material reuse
c.	Energy conservation
d.	Packaging reuse

12. Which
of the following would most likely be considered a functional product?

a.	PDA- Personal Digital Assistant
b.	HDTV- High Definition Televisions
c.	DVD recorders
d.	Disposable Camera

13. The
textbook outlined a Supply Chain Ethical and Sustainability Sourcing Strategy
Framework. How many steps are in this framework?

a.	3
b.	5
c.	6
d.	10

14. Harold’s
Fish Shop decides to reduce its purchases from poorly performing fish suppliers
and focus future orders with suppliers that have been top-performing in the
past. This is an example of:

a.	Supply base rationalization
b.	Supplier development
c.	Top-tier supplier selection
d.	Selective sourcing

15. Hard-bargaining
sourcing departments focused on decreasing purchasing spend may experience
which of the following from their suppliers?

a.	Lower levels of quality from their suppliers
b.	Lower levels of service from their suppliers
c.	Deteriorating buyer-supplier relationships
d.	All of these

16. An
outsourcing program can result in all of the following positive outcomes,
except:

a.	Reducing staffing levels
b.	Decreased need for supplier management
c.	Cost reduction
d.	Gains in manufacturing flexibility

17. Variations
of outsourcing include all of the following EXCEPT: (C; 114)

a.	Co-sourcing
b.	Selective sourcing
c.	Front sourcing
d.	Insourcing

18. One
of the most value enhancing activities performed by a supplier, for a key
customer, which minimizes carrying costs and can avoid stockouts:

a.	Early supplier involvement scheduling
b.	Vendor managed inventory
c.	Strategic inventory planning
d.	Purchase spend reduction forecasting

19. Which
of the following is FALSE?

a.	The use of 3PL’s has been increasing as companies seek more effective supply chain strategies.
b.	VMI provides retail facilities the opportunity to communicate to manufacturers that the customers are requesting customized items
c.	The use of 3PL providers allows companies to gain competitive advantages without having to gain the required knowledge through firsthand experience.
d.	VMI allows suppliers to manage their customers’ inventory provided they have the capability to see inventory levels in real time

20. Which
of the following is TRUE?

a.	VMI stands for Vertically Managed Inventory
b.	3PL stands for Third Party Leverage
c.	VMI stands for Vendor-Managed Inventory
d.	3PL stands for Three Point Logistics

21. The
inventory level where suppliers replenish their customer’s inventory with a
predetermined order quantity is called the:

a.	Channel Equity Level
b.	Reorder point
c.	Bill Back
d.	MRO point

22. According
to the textbook, collaborative relationships place a relatively lower
importance rating on which of the following competitive priorities:

a.	Speed of Delivery
b.	Cost
c.	Product Quality
d.	Frequency of deliveries

23. The
primary benefits of ____ include costs savings and freeing up time for
purchasing staff to concentrate on the firm’s core activities.

a.	eProcurement
b.	Insourcing
c.	The Ethical Trade initiative
d.	Six Sigma

24. Which
of the following can be used as a punishment for suppliers that perform poorly?

a.	Elimination of future business with the focal firm
b.	Downgrade the supplier’s status
c.	Billback penalty
d.	All of these

25. Benchmarking
is:

a.	A system of performance metrics that seeks to motivate suppliers to perform better.
b.	A practice where companies attempt to learn and apply the best practices of other companies.
c.	A system of marking defective inbound inventory so it can quickly be identified for return to the supplier.
d.	A program where suppliers compete for contracts, but those companies who are outbid are provided advice for winning future contracts

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Chapter 1 Introduction To Supply Chain Management 14

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