SCM Test 2

Which of the following are not an attribute of supply chain partnerships?

-mutual trust -increased willingness to share information -buying decisions based on value as opposed to cost or price -compatible goals

Which of the following is not a barrier to supply chain management?

-regulatory and political consideration -lack of top management commitment -reluctance to share, or use, relevant data -incompatible corporate cultures

The text outlines a supplier selection and evaluation process that consists of ____ steps.

5

Procurement costs often range between ____ of an organization's revenues.

60-80%

An underperforming supply chain is defined as one that exhibits poor service, unproductive assets, or ____.

High variable operating costs

What concept can be viewed as a combination of processes, functions, activities, relationships, and pathways along which products, services, information, and financial transactions move in and between enterprises from original producer to ultimate end user or consumer?

Supply Chain

What is a fourth-party logistics provider?

a company that ensures that various third-party logistics companies are working toward the relevant supply chain goals and objectives

With respect to gift giving and gift receiving, ____ refers to money paid after an exchange.

a kickback

Procurement's historical focus in many organizations was to ____.

achieve the lowest possible cost

Contemporary supply chains are increasingly required to be fast and ____.

agile

An organization's ability to respond to changes in demand with respect to volume and variety refers to ____.

agility

Which of the following is not a reason for why purchasers are adopting a more proactive and aggressive role in the procurement process?

an excess number of suppliers currently exist

Which of the following is not a category associated with Kraljic's Portfolio Matrix?

bottleneck leverage noncritical strategic

Although nearly any organization can be part of a supply chain, supply chain management requires ____.

companies to adopt an enterprise-to-enterprise point of view

Which of the following is not a potential outcome from a supply chain's failure to be fast and agile?

dissatisfied customers reduced profitability decreased market share lower stock price

Which of the following is not a routine occurrence in global supply chains? a e. all of the above are routine occurrences

documentation errors incomplete shipments routing errors packaging errors

What is the final step in the supplier selection and evaluation process?

evaluate decision

____ materials refer to stock that exceeds the reasonable requirements of an organization.

excess

Multiple sourcing uses more than one supplier in hopes of increased competition, improved market intelligence, and ____

greater supply risk mitigation

___ is often a major shortcoming to many global procurement plans.

implementation

There are three primary methods that organizations can pursue when attempting to integrate their supply chains. Which of the following is not one of them?

intensive distribution

____ identifies opportunities to recover revenues or reduce costs associated with scrap, surplus, obsolete, and waste materials.

investment recovery

Kraljic's Portfolio Matrix ____.

is used by many managers to classify corporate purchases in terms of their importance and supply complexity

____ refers to focusing part of one's supply chain on a timely response to fluctuating customer orders and/or product variety and another part of the supply chain on leveling out the planning requirements to smooth production output.

legality

Single sourcing consolidates purchase volume with a single supplier in hopes of increasing cooperation and communication in the supply relationship as well as ____.

lower costs per unit

Which of the following is not a potential procurement objective?

minimizing procurement costs

Procuring products from suppliers close to one's own facilities refers to ____.

near-sourcing

What is the first step in a global sourcing development model?

planning

____ refers to the raw materials, component parts, and supplies bought from outside organizations to support a company's operations.

procurement

Which of the following is not a dimension associated with socially responsible procurement?

profit

Procurement and ____ are viewed as synonymous terms.

purchasing

Supplier development is synonymous with ____

reverse marketing

____ materials are no longer serviceable, have been discarded, or are a by-product of the production process.

scrap

Which of the following statements is false?

selecting suppliers is the final step of the supplier selection and evaluation process

What is a perfect order

simultaneous achievement of relevant customer metrics

In a (n) ____ approach, all relevant software applications are provided by a single vendor.

single integrator

With respect to the supplier selection and evaluation process, ____ looks at both the internal and external environment within which the supply decision is to be made.

situation analysis

Which of the following is not one of the processes in the Supply Chain Operations Reference (SCOR) model?

source, plan, make, enable

A degree of aggressive procurement involvement not normally encountered in supplier selection refers to ____.

supplier development

. ____ combines technology with manual employee effort to identify trends, perform comparisons, and highlight opportunities in supply chain processes, even when large amounts of data are involved.

supply chain analytics

Cooperative supply chain relationships developed to enhance the overall business performance of both parties is a definition of:

supply chain collaboration

Tailored business relationships between two supply chain members refer to:

supply chain partnership

Which of the following is not a way to reduce inventory levels?

supply-push replenishment

A focus on satisfying internal customers is associated with which procurement objective?

supporting operational requirements

Buying the right products, at the right price, from the right source, at the right specifications, in the right quantity, for delivery at the right time to the right internal customer is associated with what procurement objective?

supporting operational requirements

Supply chain collaboration can be classified as transactional, strategic, or ____ in nature.

tactical information sharing

According to the text, ____has been at the center of the changes taking place that affect the supply chain.

technology

What concept refers to the variability in demand orders among supply chain participants?

the bullwhip effect

The general idea behind ____ is that one company allows a specialist company to provide it with one or more logistics functions.

third-party logistics

What concept refers to when firms consider all the costs that can be assigned to the acquisition, use, and maintenance of a purchase?

total cost of ownership

Which of the following is not an attribute of relational exchanges?

trust commitment dependence joint investment

Which concept refers to where one organization owns multiple participants in the supply chain?

vertical integration

The two most prominent supply chain management process frameworks are the Supply Chain Operations Reference (SCOR) Model and the ____.

Global Supply Chain Forum (GSCF) Model

With respect to gift giving and gift receiving, ____ refers to money paid before an exchange.

a bribe

Two key factors, ____ and ____, have sparked much of the technological change affecting supply chains.

computing power; Internet

Which of the following is not a name/term for a long-term mutually beneficial supply chain agreement?

coopetition

____ refers to "how we do things around here" and reflects an organization's vision, values, and strategic plans.

corporate culture

The current Global Supply Chain Forum (GSCF) model identifies ____ key processes associated with supply chain management.

eight

Which organizational function is not a focus of the Supply Chain Operations Reference (SCOR) model?

marketing

____ collaborations offer the best opportunity for improving supply chain performance.

strategic

____ materials have no economic value.

waste