Quiz 4 Supplier Relationships

Experience and research has demonstrated that executive ownership is essential in building relationships with ________ suppliers

1,5

To prove this point, what selection best illustrates steps Hewlett Packard employed in building supplier partnerships?

2,3 4

The key to a successful partnership is.....

Achieve win-win competitive performance(WRONG) All of These (WRONG) 2,3,4 WRONG 2,3,4,5???

A company using a weighted-criteria evaluation system has established these 3 categories and the appropriate weight in parentheses: Quality(0.30), Delivery(0.40), Cost(0.30). The scores for each category are shown below. Which of the following companies has the highest total score? You can do this using a simple spreadsheet or calculate by hand.

All companies scored the same

Third party risks in exist across all activities of the frim including....

All of These

In general, ISO certification encourages organizations to:

Consistently deliver products that meet customer and applicable statutory and regulatory requirements

The authors correctly argue that supplier partnerships are not all equal. Therefore suppliers need to be segmented. The segmentation basis according to the authors comes from supplier spend analysis and.....

Criticality of the supply to the end-to-end supply chain and delivery to customer

The principle behind supplier and third party risks is which of the following....

Historically, supplier risk was based on whether or not a vendor could deliver the designated goods or services within the appropriate timeframe and in a quality manner

The benefits of implementing an effective supplier certification program include all of the following EXCEPT:

Increasing supplier base

According to the text, key ingredients for developing successful supply partnerships include all of the following EXCEPT:

Individual Needs

From the text, Which of the following is TRUE?

Performance metrics and personal business relationships are both keys to building successful partnerships.

A key component of all successful supplier relationships is.... You can't improve what you don't measure

True

Continuous Improvement in supplier relationships is making a series of small improvements over time

True

Suppliers are Third Party's

true

Please select the correct supply chain and procurement goal to reduce the impact of bottleneck items

Bottleneck to Leverageable

An organization's process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections can be referred to as:

Supplier Certification

SUPPLIER MANAGEMENT REQUIRES UNDERSTANDING BY DEFINITION ENTERPRISE SUPPLY CHAIN RISK MANAGEMENT (SCRM).

True

Supplier Relationship Management (SRM) is a Streamlining processes and communication between buyer and supplier using software applications

True

Technology is paramount in Supplier Risk Management

True

There are many criteria used to certify supplier metrics. Slide 23 identifies some of those. However, some have more impact than others within the supplier relationships and should be mutually acceptable and receive more focus , or weight, than others.

True

According to the text, the goal of a good performance evaluation system is to provide metrics that are:

Understandable, easy to measure, focused on value-added results

If a company is effectively focusing on its core competencies, its level of outsourcing is likely to decrease

false