Operations Management - Chapter 11 In Class Questions
keiretsu
Japanese manufacturers often pursue a strategy that is part collaboration, part purchasing from a few suppliers, and part vertical integration. What is this approach called? ◦A) kanban ◦B) keiretsu ◦C) samurai ◦D) poka-yoke ◦E) kaizen
joint venture
When Daimler and BMW pooled resources to develop standardized auto components, the sourcing strategy could best be described by which of the following? ◦A) keiretsu ◦B) virtual companies ◦C) joint venture ◦D) vertical integration ◦E) few suppliers
false
True or False? With the "many suppliers" sourcing strategy, the order usually goes to the supplier that offers the highest quality.
true
True or False? A fast-food retailer that acquired a spice manufacturer would be practicing backward integration.
false
True or False? Cross-sourcing describes the practice of having two suppliers provide every component.
false
True or False? Supply chain decisions are not generally strategic in nature, because purchasing is not a large expense for most firms.
true
True or False? The objective of the make-or-buy decision is to help identify the products and services that can be obtained externally.
require overnight delivery
Which of the following is NOT one of the risk mitigation tactics for the supply chain risk category of suppliers failing to deliver? ◦A) use multiple suppliers ◦B) effective contracts with penalties ◦C) subcontractors on retainer ◦D) require overnight delivery ◦E) pre-planning
short-term relationships with few suppliers
Which one of the following is NOT one of the six sourcing strategies? ◦A) negotiation with many suppliers ◦B) vertical integration ◦C) keiretsu ◦D) short-term relationships with few suppliers ◦E) virtual companies
many suppliers
Which sourcing strategy is particularly common when the products being sourced are commodities? ◦A) few suppliers ◦B) many suppliers ◦C) keiretsu ◦D) vertical integration ◦E) virtual companies
1
With cross-sourcing, how many suppliers provide each component on a regular basis (i.e., excluding backup suppliers)? ◦A) 1 ◦B) 2 ◦C) 3 ◦D) equal to the total number of components ◦E) equal to the number of countries to which the final product is sold