SCM186 Quiz 3 - Supply Chain Management
What is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship? A.blanket order B.postponement C.advanced shipping notice D.drop shipping
A.blanket order
What is transferring a firm's activities that have traditionally been internal to external suppliers? A.vertical integration B.outsourcing C.make-or-buy D.keiretsu network
B.outsourcing
What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor? A.virtual companies B.vertical integration C.outsourcing D.horizontal integration
B.vertical integration
A response strategy requires suppliers be selected based primarily on A.being willing to share information. B.capacity, speed, and flexibility. C.cost. D.product development skills.
B.capacity, speed, and flexibility.
Which of the following could reduce distribution risk? A.secure IT systems B.cross-country diversification C.use multiple suppliers D.careful selection, monitoring and effective contracts with penalties
D.careful selection, monitoring and effective contracts with penalties