SUPPLY CHAIN EXAM 2

supplier relationship management is a comprehenisvie approach for locating and sourcing key suppliers...

false

in which item category would the sourcing strategies of simplifiying and streamlining the purchasing process, reducing the number of suppliers...

non critical terms

which one of the following is NOT a reason to have a single supplier

to spread the risk of a supply disruption

A proposal or quotation submitted in response to a solicitation from a contracting authority is known as what? -Bond -Tariff -Countertrade -Bid

bid

in which item category would the sourcing strategies of maintaining safety/strategic stocks,

bottleneck items

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 the level of services to consumers through close cooperation among retailers, wholesalers, and manufacturers?

efficient consumer response

When using a Weighted Criteria Evaluation System with 5 or more catergories

false

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

total cost ownership

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

true

The purchasing tool described as "A detailed capabilities document used to determine a supplier's capability and interest in the production of a product or service" is called a Request for Proposal (RFP).

true

products with low profit margin relatively stable demand, and high levels of competition are known as functional products

true

the primary design objective of a lean layout is to reduce wasted movements of workers and or materials

true

a steel manufacturing plant never allows its blast furnances to stop or cool down

continous flow production

which element of lean is decribed as a sytem based on making little changes on a regualr basis

continous improvement

the six sigma 5 step plan referred to as DMAIC stands for?

define, measure, analyze, improve, control

the key charatceristics to consider in the development and implementation of a supplier

detachment

ISO 140000 certification is a series of managment and quality standards in design, development

false

The goal of Six Sigma is the elimination of waste and the minimization of the amount of all resources (including time) used in the operation of a company

false

a strong supplier partnership requires that both buyer and supplier adopt a strong tactical perspective

false

backward vertical integration refers to a company acquiring one or more of their customer organizations

false

industrial buyers purchase raw materials and other components for conversion

false

job shop production is an inflexible manufacturing process

false

lean is an operating philosophy or mindset that attempts to minimize the impact of supply variability and errors in forecasting

false

the profit leverage effect states that a decrease in purchasing expenditures will directly decrease profits

false

total quality management is the term used in business to describe the in depth process

false

if you successfully implemented lean manufacturing, you would expect your productivity and throughput to

increase

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

individualized objectives

which of the following is NOT part of 8 wastes identified thru lean manufacturing

insufficient capacity

a strategic partnership with a supplier

is a commitment over an extended period to work together to the mutual benefit of both parties

in which sourcing category would an item be classified, if it is considered to be high val, low risk and there are multiple potential suppliers

leverage

what is the sourcing strategy that involves ccommodity items where many alternatives of supply exist

leverage

which manufacturing strategy would be the most appropriate to use if you were the manufacturer of prescription eyeglasses?

make-to-order

what comapny orginated the concept of six sigma

motorola

Which sourcing strategy would typically be used for items w low profit margins

multi source

which quality expert is credited with introducing the concepts of zero defects

philip crosby

If you successfully implemented lean manufacturing you would expect your overall industry to

decrease

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

decreased need for supplier management

what is the six sigma data-driven quality strategy for improving producrs and processes

define, measure, analyze, improve, and control

lean achieves its goals by using technical tools such as root cause anaylsis

false

if you understand the total cost of ownership (TCO) then you know

that you need to consider all the related costs over the life of the product

In-sourcing is defined as reverting to in-house production when external quality, delivery, and services do not meet expectations

true

candidates for a supplier certification program include suppliers who meet one or more following criteria

a supplier whose processes are determined to be stable and in control

which manufacturing strategy is described as a manufacturing stratgey where products ordered by customers are produced quickly

assemble to order

why might a company decide to outsource a product that they currently make in their company owned operations

because they don't have the capactiy in their internal factory to meet demand

the weighted criteria evaluation system is typically used to select a supplier

true

which quality expert is widely considered to be the father of Total quality management

joseph juran

the term for a visual signal that authorizes production or the movement

kanban