Test 2 mobius and video quiz

LEAN is a disciplined, statistical-based, data driven methodology for identifying and removing the cause of defects and minimizing variability in manufacturing and in business process

False

LEAN manufacturing emphasizes all of the following EXCEPT

Large Batch Sizes

Which of the following is NOT one of the keys to successful; strategic partnerships

building independent objectives

What is the term for an internal document the defines the need for goods/services

A: Purchase requisition

which cost of category includes performing audits to confirm that the quality system is operating properly

Appraisal Cost

In which type of manufacturing process would each individual item in the group go through one stage of the production process before the whole group moves on to the next stage

Batch Production

The best supplier candidates for Supplier Relationship Management (SRM) include all of the following EXCEPT?

Developmental suppliers that need to make improvements

All of the following are reasons for making an item in your own company operation, EXCEPT for which one

Due to insufficient capacity in your company operations

The concept which brings about positive social change through organizational buying behavior, is known as

Ethical sourcing

A purchase order is legally binding once issued by the buyer

False

Lean production is an operating philosophy or mindset that attempts to minimize the impact of supply variability and flaws in forecasting through the use of safety stock inventories

False

The purchasing function is one of the most value-enhancing functions in any organization, and therefore, it is not necessary to periodically monitor the purchasing function's performance against a set of standards or industry benchmarks

False

The role of workers in LEAN is to create the cultural change needed for LEAN to succeed

False

Which one of the following is NOT a quality tool of six sigma

Hysterical charts

Which of the following is NOT one of the primary goals of Purchasing?

Increase the supplier base

Benefits of implementing an effective supplier certification program include all of the following EXCEPT?

Increasing the supplier base

The keys to developing successful supplier partnerships include all of the following EXCEPT?

Individualized Objectives

Which element of LEAN can be described as moving people and materials when and where needed, and as soon as possible

Lean Layouts

Which manufacturing strategy provides the shortest/quickest customer delivery

Make to Stock

Which manufacturing strategy can be described as products to put into inventory based on a demand forecast

Make to stock (MTS)

What company originated the concept of six sigma

Motorola

Which equally expert is credited with the concept that "quality is free, defects are costly"

Philip Crosby

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

"Rationalizing the supplier base" typically means that the company is trying to reduce the number of suppliers in its supplier network.

True

An effective supplier recognition program may provide motivation, improve loyalty, encourage suppliers to adapt to the company's culture, create entry barriers for competitors, and encourage suppliers to participate in product innovation.

True

Duties, taxes, or customs imposed by the host country for imported or exported goods, are known as Tariffs

True

One of the main reasons to consider purchasing from an international global source is the opportunity to improve quality, cost, and delivery performance

True

Outsourcing allows a firm to concentrate on core capabilities and reduce staffing levels

True

Successful supplier relationships involve equal decision-making control between both the buyer and the supplier.

True

The primary design objective of a LEAN layout is to reduce wasted movements of workers or materials

True

Through collaborative negotiations both sides work together to maximize outcome or create a win-win result

True

Waste encompasses wait times, inventories, material, and people movement, processing steps, variability, any other non-value-adding activity

True

Interminnit production processes are used to produce a large variety of products with different processing requirements in lower volumes

Ture

Which of the following statements is TRUE?

VMI stands for Vendor-Managed Inventory

Which sourcing concept involves a supplier directly managing the buyers inventory carrying costs and avoid stock-out

Vendor Managed Inventory (VMI)

All of the following are reasons for buying or outsourcing an item from a supplier, EXCEPT for which one

because you want to use existing idle capacity in your own company operations

The concept of Distributive Negotiations refers to both sides working together to create a "win-win" result or positive outcome for both parties.

false

While paperless transactions are now possible through e-procurement and Web-based services, these would NOT be considered sustainable business practices.

false

Pain and Gain Share contract provisions are associated with supplier rewards and recognition programs.

true

Strategic sourcing is the process of identifying a company that provides a needed good/service

FALSE

The sum of all costs associated with every activity in the supply chain of a product, is referred to as?

Total cost of Ownership

Total cost of ownership is the sum of the cost elements, quality, service, delivery, and price

true

A proposal or quotation submitted in response tp a solicitation from a contracting authority is known as what

Bid

Benefits derived from implementing an e-procurement system include all of the following EXCEPT

Decentralized Purchasing

Total quality management is the term used in business to describe the in-depth process of capturing internal and external customers expectations, preferences, likes, and dislikes

False

Root cause analysis is a term that describes a wide range of approaches, tools, and techniques used to uncover causes of problems

True

An outsourcing program can result in all of the following positive outcomes, except?

decreased need for supplier management

ISO14000 certification is a series of management and quality standards in design, development, production, installation and service

false

Which of the following new technologies can improve supplier selection and increase the effectiveness of supplier relationship management

Artificial intelligence

Which of the following would be a good reason to outsource (buy) versus make an item?

The company lacks the technology or expertise to produce an item

Which one of the following is among the most important elements of the LEAN manufacturing philosophy

Waste reduction and continuous improvement

The key characteristics to consider in the development and implementation of a supplier relationship management system, Include all the following, EXCEPT

detachment

Which of the following is NOT one of the 12 steps in the basic purchasing process

expediting

A robust and long-lasting supplier partnership requires that both the buyer and the supplier adopt a strong tactical perspective

false

Award-winning suppliers serve as role models for other suppliers and may, therefore, be exempt from audits and certification programs

false

ISO 14000 is a widely accepted quality certification standard

false

supplier relationship management is a comprehensive approach for locating and sourcing key suppliers , so that an organization can leverage its consolidated purchasing power to find the best possible values on the market place

false

Which of the following is not on of the advantages of e-procurement

inaccuracy

Which of the following is NOT one of the drivers of strategic sourcing

increase the selling price of the product

Which general sourcing category comprises items where many alternatives of supply exist, and risk supply is low. Spend is high, and there are potential procurement savings

leverage

Which sourcing strategy would typically be used for products with low profit margins, relatively stable demand, and high levels of competition

multi source

All of the following are included in the eight wastes EXCEPT

overspending

The process commonly utilized in continuous improvement is known as?

plan, do, check, act

A Supplier Code of Conduct is intended to inform suppliers of ethical sourcing expectations and is typically a condition for becoming an approved supplier.

true

Which tool of quality control is used to study how a process changes over time

Control Chart

Which LEAN related process can be described as a strategy to increase a strategy to increase the level of services to consumers through close cooperation among retailers, wholesalers, and manufacturers

Efficient Consumer Response (ECR

The Profit-Leverage Effect states that a decrease in purchasing expenditures will directly decrease profit

False

The weighted criteria evaluation is typically used to select a supplier or to evaluate the performance of a supplier

true

A key suppliers activities to help the buyer's company reduce cost, improve quality and reduce new product development time beginning with the initial design phase , are known as

value engineering

The sourcing strategies including; maintaining safety and/or strategic stocks, developing contingency plans, strengthening relationships, and searching for alternatives, are appropriate for which item category?

Bottle Neck items

Which statistical tool of six sigma is used to determine the frequency of specific problems

Check Sheet

Which element of LEAN is described as a system based on making little changes on a regular basis, anywhere changed can be made, to reduce process, delivery, and quality problems

Continuous Improvement

What is the term that is often used for the acquisition of services?

Contracting

Performance measures should be S.M.A.R.T. which is an acronym that means

specific, measurable, achievable, relevant, time-oriented

Managing a company's external resources in ways that support the long-term goals of the company can be referred to as?

strategic sourcing

Candidates for a supplier certification program include suppliers who meet one or more of the following criteria EXCEPT

supplier who has a minimal number of significant negative quality related incidents for a specified period of time

:Which of the following terms refers to an act that creates the greatest good for the greatest number of people?

utilitarianism

Which of the following are described as agents licensed by the governmental regulatory authority to conduct business on beagle of importers, for a service fee

Import brokers