Chapter 11 T/F

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A reduction in inventory costs is one reason for making rather than buying.

False

Because service firms do not acquire goods and services externally, their supply chain management issues are insignificant

False

Because the supply chain has become so electronic and automated, opportunities for unethical behavior have been greatly reduced.

False

Developing long-term, "partnering" relationships with a few suppliers is a long-standing American purchasing strategy.

False

Even though a firm may have a low cost strategy, supply chain strategy can select suppliers primarily on response or differentiation

False

If the purchasing firm and the supplying firm have compatible corporate cultures, substantial efficiencies related to the use of independent specialists, each with their objectives, will be lost

False

Improvements in security, especially regarding the millions of shipping containers that enter the U.S. each year, are being held back by the lack of technological advances.

False

In the vendor evaluation phase, most companies will use the same list of criteria and the same criteria weights.

False

McDonald's was able to utilize existing plants and transportation systems in preparing the supply chain for opening its stores in Moscow.

False

Outsourcing refers to transferring a firm's activities that have traditionally been internal to outside vendors in other countries.

False

Supply chain decisions are not generally strategic in nature, because purchasing is an ordinary expense to most firms.

False

The key to effective supply chain management is to get many suppliers to compete with each other, in order to drive down prices.

False

The supply chain for a brewery would include raw ingredients such as hops and barley but not the manufactured goods such as bottles and cans

False

The supply chain management opportunity called postponement involves delaying deliveries to avoid accumulation of inventory at the customer's site.

False

Vertical integration, whether forward or backward, requires the firm to become more specialized.

False

Volkswagen's Rio de Janeiro plant is an excellent example of traditional supply chain management.

False

Waterways are an attractive distribution system when speed is more important than shipping cost. False (Logistics management, moderate)

False

When using the low-cost strategy for supply chain management, the firm should invest aggressively to reduce production lead time.

False

With the growth of just-in-time practices, railroads have made large gains in the share of the nation's transport that they haul.

False

With the many-suppliers strategy, the order usually goes to the supplier that offers the best quality.

False

A fast-food retailer that acquired a spice manufacturer would be practicing backward integration.

True

Benchmark firms have driven down costs of supply chain performance.

True

Blanket orders are a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.

True

Channel assembly, which sends components and modules to be assembled by a distributor, treats these distributors as manufacturing partners.

True

Drop shipping results in time and shipping cost savings

True

Keiretsus offer a middle ground between few suppliers and vertical integration.

True

Logistics management can provide a competitive advantage through improved customer service

True

One classic type of negotiation strategy is the market-based price model.

True

Outsourcing is a form of specialization that allows the outsourcing firm to focus on its critical success factors.

True

Savings in the supply chain exert more leverage as the firm has a lower net profit margin

True

Supply chain management faces additional challenges, such as those related to quality production and distribution systems, when companies enter growing global markets.

True

The bullwhip effect refers to the increasing fluctuations in orders that often occur as orders move through the supply chain.

True

The objective of the make-or-buy decision is to help identify the products and services that can be obtained externally.

True

Vendor Managed Inventory is a form of outsourcing.

True

nternet purchasing may be part of an integrated enterprise resource planning (ERP) system

True


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