Supply Chain Chapter 6 Quiz

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

Decreased need for supplier management

VMI stands for:

Vendor-Managed Inventory

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?

bottleneck items

The concept of Distributive Negotiations refers to both sides work together to maximize the outcome or create a win-win result.

false

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

false

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

strategic sourcing

"Rationalizing the supplier base" would mean that the purchasing firm is attempting to reduce the number of suppliers in its supplier network.

true

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

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

true

The following term refers to an act that creates the greatest good for the greatest number of people?

utilitarianism