Johnson Chapter 1 -lecture slides and modules
D
The impact of supply management actions on the balance sheet is measured by the: Multiple Choice A.return on investment effect. B.return on inventory effect. C.inventory turnover effect. D.return on assets effect.
A
A successful supply chain mgt strategy integrates: Multiple Choice A.processes and systems within and across organizations. B.processes and systems within the organization. C.the flow of materials within an organization. D.the flow of information within the buying organization. E.the flow of information with first tier suppliers.
D
Company image may be directly influenced by: A. treating suppliers in a fair and equitable manner. B. complying with regulatory requirements. C. sustainability practices of suppliers. D. treating suppliers in a fair and equitable manner, complying with regulatory requirements and sustainability practices of suppliers. E. complying with regulatory requirements and sustainability practices of suppliers.
E
Evaluation of the supply function's contribution to organizational goals and strategies can be viewed in the context of: Multiple Choice A.operational and strategic. B.strategic and transactional. C.direct and indirect. D.both a and b above. E. both a and c above.
E
Evidence of the growth and influence of supply management in an organization includes: A. fewer activities under the management or span of control of supply B. meaningful involvement at the operational level C. involvement in strategic planning D. Executive status of the chief supply officer E. Involvement in strategic planning and executive status of the chief supply officer
50 to 80
In manufacturing organizations, the dollars spent with suppliers fall into what range as a percent of revenues? Multiple Choice 25 to 35 30 to 60 45 to 75 50 to 80 65 to 75
B
Interest in the supply function as a managerial activity began A.before 1900 when railroads recognized it as an important function. B. during World Wars I and II because of global materials shortages. C. in the 1970s during a period of high inflation. D. in the early 1980s with high interest rates and the costs of financing inventory. E. more recently with the rise of e-commerce.
A
On average, the dollars spent with suppliers as a percent of revenues: Multiple Choice A.is greater in manufacturing organizations than in service organizations. B. is about equal in service and manufacturing organizations. C. is greater in service organizations than in manufacturing organizations. D. depends on the type of manufacturing process. E. depends on the type of service delivery system.
logistics management
Planning, implementing, and controlling the efficient and effective flow and storage of products and information from the point of origin to consumption to meet customers' needs and wants
E
Supply can influence risk management in which area(s)? Multiple Choice A.financial B.operational C.reputation D.financial and operational E.financial, operational and reputation
C
Supply has the potential to contribute to: A. financial performance. B. financial performance and competitive position. C. profitability, competitive position and sustainability performance. D. competitive position and sustainability performance. E. financial performance, competitive position and sustainability performance.
A
The design and management of seamless, value-added processes across organizational boundaries to meet the needs of the end customer is called: A. supply chain mgt B. strategic sourcing. C. value management. D. customer relationship management. E. strategic process management.
D
The return on assets effect (ROA) quantifies and measures: Multiple Choice A.the indirect contribution of supply management to profitability. B.any increase in sales that occurs at a greater rate than the cost of assets. C.reduction in the allocations to the operating budget of the supply department. D.the impact of supply actions on inventory and the balance sheet. E.the effect on profitability of reduced spend compared to a sales increase.
E
The supply area is a good training ground for managers because it provides exposure to: Multiple Choice A.accounting systems. B.pressure of decision making under uncertainty. C.various levels and functions in the organization. D.accounting systems, pressure of decision making under uncertainty, and various levels and functions in the organization. E.pressure of decision making under uncertainty and various levels and functions in the organization.
D
The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organization depending on: A. the organization's stage of development and/or sophistication. B.the industry in which they operate. C. the organization's competitive position. D. the organization's stage of development and/or sophistication, the industry in which they operate and the organization's competitive position. E. the organization's stage of development and/or sophistication and the industry in which they operate.
Supply Management
the integration of related functions to provide effective and efficient materials and services to the organization