SUPPLY CHAIN MANAGEMENT EXAM #14 CH.4 Q/A
The entire set of business processes required to purchase goods and services is -
correct answer Sourcing
Supplier Scoring and Assessment - correct answer *Supplier performance should be
compared on the basis of the supplier's impact on total cost
*There are several other factors besides purchase price that influence total cost
Supplier Selection - correct answer
Effective sourcing processes within a firm can - correct answer improve profits for the
firm and total supply chain surplus.
The selection of suppliers, design of supplier contracts, product design collaboration,
procurement of material, and evaluation of supplier performance are a part of - correct
answer Sourcing
The role of sourcing, planning, and analysis is - correct answer to analyze spending
across various suppliers and component categories to identify opportunities for
decreasing the total cost.
The procurement process for direct materials should primarily focus on - correct answer
improving coordination and visibility with the supplier.
The procurement process for indirect materials should primarily focus on - correct
answer decreasing the transaction cost for each order
Sales efforts and orders peak near the end of any month, quarter, or other evaluation
period. This is commonly referred to as - correct answer the hockey stick phenomenon.
Understanding the impact of incentives on the actions of a supply chain partner is
especially important when - correct answer the third party's actions are not fully
observable.
A contract that allows a retailer to return unsold inventory up to a specified amount, at
an agreed-upon price, is a - correct answer buyback or returns contract
A contract where the buyer pays a minimal amount for each unit purchased from the
supplier, but shares a fraction of the revenue for each unit sold is a - correct answer
revenue-sharing contract.
The process by which companies acquire raw materials, components, products,
services, and other resources from suppliers to execute their operations is - correct
answer Procurement
The entire set of business processes required to purchase goods and services is -
correct answer Sourcing
Supplier Scoring and Assessment - correct answer *Supplier performance should be
compared on the basis of the supplier's impact on total cost
*There are several other factors besides purchase price that influence total cost
Supplier Selection - correct answer
Effective sourcing processes within a firm can - correct answer improve profits for the
firm and total supply chain surplus.
The selection of suppliers, design of supplier contracts, product design collaboration,
procurement of material, and evaluation of supplier performance are a part of - correct
answer Sourcing
The role of sourcing, planning, and analysis is - correct answer to analyze spending
across various suppliers and component categories to identify opportunities for
decreasing the total cost.
The procurement process for direct materials should primarily focus on - correct answer
improving coordination and visibility with the supplier.
The procurement process for indirect materials should primarily focus on - correct
answer decreasing the transaction cost for each order
Sales efforts and orders peak near the end of any month, quarter, or other evaluation
period. This is commonly referred to as - correct answer the hockey stick phenomenon.
Understanding the impact of incentives on the actions of a supply chain partner is
especially important when - correct answer the third party's actions are not fully
observable.
A contract that allows a retailer to return unsold inventory up to a specified amount, at
an agreed-upon price, is a - correct answer buyback or returns contract
A contract where the buyer pays a minimal amount for each unit purchased from the
supplier, but shares a fraction of the revenue for each unit sold is a - correct answer
revenue-sharing contract.
The process by which companies acquire raw materials, components, products,
services, and other resources from suppliers to execute their operations is - correct
answer Procurement
