University of Arkansas SCMT3613 Exam 3 Remko Van
Hoek Questions With Complete Solutions
3 reasons to participate in supplier diversity initiatives Correct
Answers citizenship initiatives, fresh perspectives for
innovation, and consumer preference
According to Geurts, he used robotics in his company for what
purpose? Correct Answers to generate RFP's automatically
According to the Geurts interview, technology can change your
procurement structure from a triangle shape to a ____________
shape. Correct Answers diamond
An Online Catalog of Goods can be generated with technology
in which segment of procurement? Correct Answers ordering
cycle
Blockchain technology helps take ______________ to the next
level and makes ___________ evaluations easier Correct
Answers visibility, supplier
E-auctions are technological examples of ___________ auctions
for contracting where in suppliers bid against ______
_________ Correct Answers reverse, each other
In reverse auctions used in the sourcing process, suppliers bid
against each other causing the service levels to
(increase/decrease) and the prices to (increase/decrease) over
several rounds of bidding Correct Answers increase, decrease
, In the 2nd step of driving supplier diversity (Establish Support
and Alignment), you want triadic alignment between what 3
entities? Correct Answers the board, sc/procurement team, and
the business
In the SRM process, technology can enable the business to....
Correct Answers capture the governance structure
Negotiations in the SRM process may become more balanced
due to what factor when implementing blockchain technology?
Correct Answers information symmetry
Overall, technology helps free up the time of ___________
Correct Answers buyers
Reverse auctions are used for _________ Correct Answers
contracts
Robotics are expected to increase rapidly in the future and hold
the potential to create more bandwidth for ___________
Correct Answers buyers
Robotics holds the potential to further create bandwidth in what
2 elements? Correct Answers freeing up staff, standardizing
workflow
SEI can be accomplished at what 3 levels? Correct Answers
SRM conversations, joint projects, when seeking supplier-
suggested answers
Hoek Questions With Complete Solutions
3 reasons to participate in supplier diversity initiatives Correct
Answers citizenship initiatives, fresh perspectives for
innovation, and consumer preference
According to Geurts, he used robotics in his company for what
purpose? Correct Answers to generate RFP's automatically
According to the Geurts interview, technology can change your
procurement structure from a triangle shape to a ____________
shape. Correct Answers diamond
An Online Catalog of Goods can be generated with technology
in which segment of procurement? Correct Answers ordering
cycle
Blockchain technology helps take ______________ to the next
level and makes ___________ evaluations easier Correct
Answers visibility, supplier
E-auctions are technological examples of ___________ auctions
for contracting where in suppliers bid against ______
_________ Correct Answers reverse, each other
In reverse auctions used in the sourcing process, suppliers bid
against each other causing the service levels to
(increase/decrease) and the prices to (increase/decrease) over
several rounds of bidding Correct Answers increase, decrease
, In the 2nd step of driving supplier diversity (Establish Support
and Alignment), you want triadic alignment between what 3
entities? Correct Answers the board, sc/procurement team, and
the business
In the SRM process, technology can enable the business to....
Correct Answers capture the governance structure
Negotiations in the SRM process may become more balanced
due to what factor when implementing blockchain technology?
Correct Answers information symmetry
Overall, technology helps free up the time of ___________
Correct Answers buyers
Reverse auctions are used for _________ Correct Answers
contracts
Robotics are expected to increase rapidly in the future and hold
the potential to create more bandwidth for ___________
Correct Answers buyers
Robotics holds the potential to further create bandwidth in what
2 elements? Correct Answers freeing up staff, standardizing
workflow
SEI can be accomplished at what 3 levels? Correct Answers
SRM conversations, joint projects, when seeking supplier-
suggested answers
