SCM 311 EXAM 1 COMPLETE QUESTIONS
WITH VERIFIED ANSWERS
\.What is the formula for forecast error? - ANSWERS✔-Actual demand for period t
- forcasted demand for period t
\.Global Sustainability Index - ANSWERS✔-A system of measurement intended to
influence how products are made and purchased in the future (Walmart)
\.Contractural Relationship - ANSWERS✔-type of relationship that has moderate
trust, moderate interaction frequency, and moderate commitment
\.B. Decreased need for supplier management - ANSWERS✔-An outsourcing
program can result in all of the following positive outcomes except:
A Reducing staffing levels
B. Decrease need for supplier management
C. Cost reduction
D. Gains in manufacturing felxibility
\.In his book "The wealth of Nations", Adam Smith stated that economies are -
ANSWERS✔-Becoming multi-national
, \.Purchase order - ANSWERS✔-Considered te buyers offer to purchase products or
services from a supplier, is legally binding once the supplier accepts it, and usually
has terms and conditions of a purchase preprinted on the back
\.Reward Power - ANSWERS✔-Use of incentive system in contractual relationships
\.Cost - ANSWERS✔-Collaborative relationships place relatively low importance
rating
\.Just less than 40 % - ANSWERS✔-From the perspective of managers describing
their perceptions of relationships that their firms have with their suppliers or
customers _________% are characterized as being high trust and consequently
more collaborative
\.FOB Orgin- Freight Collect - ANSWERS✔-shipping terms that a customer firm
would use to control the freight, if they were focused on cost base pricing, and
they (the customer) percieved that the supplier perceived a power position in the
relationship
\.bullwhip effect - ANSWERS✔-The impact of poor communication and innacurate
forecasts resonates along the value system or supply chain and results in...
\.A. Proffessional and consulting servises - ANSWERS✔-Which of the following is
not one of the common examples if indirect spend?
A. Professional consulting services
B. Employee benefits
WITH VERIFIED ANSWERS
\.What is the formula for forecast error? - ANSWERS✔-Actual demand for period t
- forcasted demand for period t
\.Global Sustainability Index - ANSWERS✔-A system of measurement intended to
influence how products are made and purchased in the future (Walmart)
\.Contractural Relationship - ANSWERS✔-type of relationship that has moderate
trust, moderate interaction frequency, and moderate commitment
\.B. Decreased need for supplier management - ANSWERS✔-An outsourcing
program can result in all of the following positive outcomes except:
A Reducing staffing levels
B. Decrease need for supplier management
C. Cost reduction
D. Gains in manufacturing felxibility
\.In his book "The wealth of Nations", Adam Smith stated that economies are -
ANSWERS✔-Becoming multi-national
, \.Purchase order - ANSWERS✔-Considered te buyers offer to purchase products or
services from a supplier, is legally binding once the supplier accepts it, and usually
has terms and conditions of a purchase preprinted on the back
\.Reward Power - ANSWERS✔-Use of incentive system in contractual relationships
\.Cost - ANSWERS✔-Collaborative relationships place relatively low importance
rating
\.Just less than 40 % - ANSWERS✔-From the perspective of managers describing
their perceptions of relationships that their firms have with their suppliers or
customers _________% are characterized as being high trust and consequently
more collaborative
\.FOB Orgin- Freight Collect - ANSWERS✔-shipping terms that a customer firm
would use to control the freight, if they were focused on cost base pricing, and
they (the customer) percieved that the supplier perceived a power position in the
relationship
\.bullwhip effect - ANSWERS✔-The impact of poor communication and innacurate
forecasts resonates along the value system or supply chain and results in...
\.A. Proffessional and consulting servises - ANSWERS✔-Which of the following is
not one of the common examples if indirect spend?
A. Professional consulting services
B. Employee benefits
