SCMN 3730 EXAM 1 NEWEST ACTUAL EXAM COMPLETE 70
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
Disadvantages of CFT? - ✔✔ANSW✔✔..Use does not
guarantee success
Team process loss
Negative effects on individual members
Poor team decisions
Groupthink
Artificial consensus
When do you use a CFT? - ✔✔ANSW✔✔..Facing a
complex or large-scale business decision
CFT is likely to make better quality decision
Assignment directly affects firm's competitive position
No single function has sufficient resources to solve
problem
Subtle control by management? -
✔✔ANSW✔✔..Authorizing creation of sourcing team
Selecting team's task(s)
Establishing broad objectives
,Selecting team leadership
Requiring regular updates or at key milestones
Conducting performance reviews
Supplier is given blueprints and told to make product
from them - ✔✔ANSW✔✔..White Box Design
Supplier's engineers work cooperatively with buyer's
engineers in joint design - ✔✔ANSW✔✔..Gray Box
Design
Suppliers are provided functional specifications and
create design - ✔✔ANSW✔✔..Black Box Design
What are the elements of successful supplier suggestion
programs? - ✔✔ANSW✔✔..Share savings equitably,
often 50-50
Focus on cost improvement, not simply cutting supplier
margins
Provide prompt feedback to supplier
Implement good suggestions promptly
Publicly acknowledge supplier's contribution
What 3 groups make up supply management's external
linkages? - ✔✔ANSW✔✔..Suppliers, government, and
local communities
, What are the advantages and obstacles to closer buyer-
seller relationships? - ✔✔ANSW✔✔..Trust and long-
term contracts
When might it make sense to co-locate buyer and supplier
personnel? - ✔✔ANSW✔✔..During successful supplier
integration
What are the features of the new model of progressive
purchasing? - ✔✔ANSW✔✔..-developing closer
relationships with important suppliers
-performing due diligence on suppliers before awarding
longer term contracts
-conducting worldwide internet searches for the best
sources of supply
-inviting key suppliers to participate in product and
process development.
What index does ISM issue monthly, and what does a
score of 50 represent? - ✔✔ANSW✔✔..A change index
report on business
A score of 50 means the market is neither expanding nor
contracting
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
Disadvantages of CFT? - ✔✔ANSW✔✔..Use does not
guarantee success
Team process loss
Negative effects on individual members
Poor team decisions
Groupthink
Artificial consensus
When do you use a CFT? - ✔✔ANSW✔✔..Facing a
complex or large-scale business decision
CFT is likely to make better quality decision
Assignment directly affects firm's competitive position
No single function has sufficient resources to solve
problem
Subtle control by management? -
✔✔ANSW✔✔..Authorizing creation of sourcing team
Selecting team's task(s)
Establishing broad objectives
,Selecting team leadership
Requiring regular updates or at key milestones
Conducting performance reviews
Supplier is given blueprints and told to make product
from them - ✔✔ANSW✔✔..White Box Design
Supplier's engineers work cooperatively with buyer's
engineers in joint design - ✔✔ANSW✔✔..Gray Box
Design
Suppliers are provided functional specifications and
create design - ✔✔ANSW✔✔..Black Box Design
What are the elements of successful supplier suggestion
programs? - ✔✔ANSW✔✔..Share savings equitably,
often 50-50
Focus on cost improvement, not simply cutting supplier
margins
Provide prompt feedback to supplier
Implement good suggestions promptly
Publicly acknowledge supplier's contribution
What 3 groups make up supply management's external
linkages? - ✔✔ANSW✔✔..Suppliers, government, and
local communities
, What are the advantages and obstacles to closer buyer-
seller relationships? - ✔✔ANSW✔✔..Trust and long-
term contracts
When might it make sense to co-locate buyer and supplier
personnel? - ✔✔ANSW✔✔..During successful supplier
integration
What are the features of the new model of progressive
purchasing? - ✔✔ANSW✔✔..-developing closer
relationships with important suppliers
-performing due diligence on suppliers before awarding
longer term contracts
-conducting worldwide internet searches for the best
sources of supply
-inviting key suppliers to participate in product and
process development.
What index does ISM issue monthly, and what does a
score of 50 represent? - ✔✔ANSW✔✔..A change index
report on business
A score of 50 means the market is neither expanding nor
contracting
