bmgt472 chapter quizzes

distributors, wholesalers, and retailers:

may provide valuable services and a better price than the manufacturer

strategic alliances:

support the idea that supplier relationships contribute to organizational success

historically, the advantages of local sourcing were more dependable service, greater flexibility, and detailed knowledge of the buyer's specific requirements

true

strategic supply management is founded on the conviction that a significant competitive edge can be gained from the suppliers an organization has developed and its supply systems and supplier relationships.

true

the bill of lading is the key document in the movement of goods.

true

transportation rates:

are established primarily through negotiation

the selection of the FOB point is important to the purchaser, for it determines:

all of the above (who pays the carrier; when legal title to goods being shipper passes to the buyer; who is responsible for preparing and pursuing loss or damage claims; who routes the freight)

a transportation strategy should include consideration of:

all of the above (safety on the ground , in the air, and on water; environmental factors such as pollution; consolidation of freight; alternative transport modes)

reverse marketing is:

an aggressive, purchaser-initiated approach to finding and developing world class suppliers

which of the following statements supports multiple sourcing?

concerns exist about supplier capacity for future volume

environmental management, safety, diversity, human rights and quality of life, ethics, and community and philanthropic activities can be easily quantified and included in supply policy and practice.

false

obsolete is obsolete. something that has been declared obsolete in one organization will be considered obsolete in all other organizations.

false

transportation costs decrease as distance, quantity, and speed increase.

false

buyer-supplier partnerships:

result in earlier supplier and supply involvement in design and description

the many by-products of the production process, such as fly from cotton spinning; warp ends from weaving; and nonferrous metal from boring, drilling, and stamping machines; flash metal from the foundry process; or paper cuttings from the binding process are examples of:

scrap

the supplier evaluation process that includes: (1) factors or criteria for evaluation, (2) the importance of each factor, and (3) a system for rating each supplier on each factor, is called a:

weighted point evaluation