PURCHASING - CHAPTER 17 – MC
EXAM 100% CORRECT.
Industry performance benchmarks typically provide: - ANSWERSindustry reference
points for an individual company to compare itself to
Target costing starts with the: - ANSWERSprice of a final product or service
Research dollars will most likely be allocated to the: - ANSWERSproduct or service with
the highest current or projected dollar value
a comprehensive commodity study should result in a : - ANSWERSstrategy to lower
cost and assure supply
research on the supply management process focuses on: - ANSWERSincreasing
efficiency by automating wherever possible
Value analysis compares - ANSWERSfunction to cost
Trends in supply organization and leadership include: - ANSWERSgreater
differentiation between strategic and tactical supply roles
Some North American companies are "reshoring" or sourcing at home because: -
ANSWERStransportation costs have increased and energy costs in North America have
decreased
when the cross-functional teams are used to conduct research, it is best if: -
ANSWERSthe team has strong leadership
The budget which begins with an estimate of expected operations, based on sales
forecasts and plans, is called the: - ANSWERSoperations purchase budget
the assessment of a supplier's financial situation: - ANSWERSenables the development
of risk minimization strategies
purchasing performance benchmarking attempts to: - ANSWERSdetermine WHAT
results have been achieved by purchasing and supply activities
Supply management's role in sustainability initiatives includes: - ANSWERSa.
substituting renewable energy for carbon-based energy.
b. accountability for the social practices of their suppliers, including worker safety,
payment of living wages, and child labor.
c. eliminating waste anywhere in the supply chain
EXAM 100% CORRECT.
Industry performance benchmarks typically provide: - ANSWERSindustry reference
points for an individual company to compare itself to
Target costing starts with the: - ANSWERSprice of a final product or service
Research dollars will most likely be allocated to the: - ANSWERSproduct or service with
the highest current or projected dollar value
a comprehensive commodity study should result in a : - ANSWERSstrategy to lower
cost and assure supply
research on the supply management process focuses on: - ANSWERSincreasing
efficiency by automating wherever possible
Value analysis compares - ANSWERSfunction to cost
Trends in supply organization and leadership include: - ANSWERSgreater
differentiation between strategic and tactical supply roles
Some North American companies are "reshoring" or sourcing at home because: -
ANSWERStransportation costs have increased and energy costs in North America have
decreased
when the cross-functional teams are used to conduct research, it is best if: -
ANSWERSthe team has strong leadership
The budget which begins with an estimate of expected operations, based on sales
forecasts and plans, is called the: - ANSWERSoperations purchase budget
the assessment of a supplier's financial situation: - ANSWERSenables the development
of risk minimization strategies
purchasing performance benchmarking attempts to: - ANSWERSdetermine WHAT
results have been achieved by purchasing and supply activities
Supply management's role in sustainability initiatives includes: - ANSWERSa.
substituting renewable energy for carbon-based energy.
b. accountability for the social practices of their suppliers, including worker safety,
payment of living wages, and child labor.
c. eliminating waste anywhere in the supply chain
