supply chain exam 2 chapter 3 test
According to the text, the goal of a good performance evaluation system is to provide metrics that are:
Understandable, easy to measure, focused on value-added results
Developing efficient processes that will remain unchanged for the duration of the partnership
Which of the following is NOT important in developing a successful strategic alliance?
In general, European companies prefer suppliers:
Who have ISO 9001 certifications
Which of the following is NOT a key tenant of an SRM system?
Lean operations
84.5
A company using a weighted-criteria evaluation system has established these 5 categories and the appropriate weight in parentheses:Quality (0.25)Responsiveness (0.10)Delivery (0.15)Cost (0.15)Technology (0.30)Company X received the following ratings in each of the five categories: Quality(90), Responsiveness(90), Delivery(80), Cost(80), Technology(85). What is its total score?
Supplier Certification
An organization's process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections can be referred to as:
10% of their time on expediting orders
Before supplier relationship management (SRM), buyers typically spent 40% of their time on expediting orders. After SRM implementation buyers spent about:
According to the textbook, Supplier Recognition Programs:
Encourage suppliers to keep their performance high
When using a Weighted Criteria Evaluation System to evaluate suppliers, all of the following are true EXCEPT:
Multiply the dimension ratings by their respective important weights and then sum to get an overall weighted score b. The weights for all dimensions must sum to 1 or 100% c. Select the key dimensions of performance based on what is important to the end consumer d. Evaluate each of the performance measures on a rating between zero and one-hundred c
According to the text, one of the most basic and successful approaches to protecting trade secrets is:
Requiring employees and vendors to sign non-disclosure agreements
Collaborative planning
SRM software can automate procurement activities that lead to significant cost savings as purchasing professionals move toward:
Which of the following is NOT a reason for supplier recognition programs?
To select the best suppliers
What type of major cost category is considered in the cost associated with placing and receiving the order?
Transaction Cost
According to the text, key ingredients for developing successful supply partnerships include all of the following EXCEPT:
a. Individualized objectives
Which of the following is important in developing successful relationships in a partnership?
a. Interpersonal business relationships between employees of the companies b. Commitment by top management c. Mutual/compatible needs that result in a win-win situation for the partners d. All of these choices are correct. d
Which of the following is TRUE?
a. The key to successful partnerships is developing performance measures with weights greater than 3.50. b. Performance metrics and personal business relationships are both keys to building successful partnerships. c. ISO 75000 is the supplier award given to the highest rated supplier in Japan. d. SRM software modules are very affordable (less than $50,000) and can be implemented with a week. Hide Feedback b
SRM software should be capable of:
aMaking information flow between partners more visible b. Automating transactional processes c. Integration of the supply chain making it possible to monitor multiple departments and processes both internally and externally d. All of these choices are correct. d
It is illegal for corporations to provide their suppliers appreciation banquets to award performance.
fasle
SRM
streamlining the processes and communications between the buyer and supplier using software applications that enable these processes to be managed more efficiently and effectively can be referred to as:
Automating procurement activities can lead to significant cost savings as buyers move toward managing processes by exception.
true