SCM Test 2
Which of the following are not an attribute of supply chain partnerships?
-mutual trust -increased willingness to share information -buying decisions based on value as opposed to cost or price -compatible goals
Which of the following is not a barrier to supply chain management?
-regulatory and political consideration -lack of top management commitment -reluctance to share, or use, relevant data -incompatible corporate cultures
The text outlines a supplier selection and evaluation process that consists of ____ steps.
5
Procurement costs often range between ____ of an organization's revenues.
60-80%
An underperforming supply chain is defined as one that exhibits poor service, unproductive assets, or ____.
High variable operating costs
What concept can be viewed as a combination of processes, functions, activities, relationships, and pathways along which products, services, information, and financial transactions move in and between enterprises from original producer to ultimate end user or consumer?
Supply Chain
What is a fourth-party logistics provider?
a company that ensures that various third-party logistics companies are working toward the relevant supply chain goals and objectives
With respect to gift giving and gift receiving, ____ refers to money paid after an exchange.
a kickback
Procurement's historical focus in many organizations was to ____.
achieve the lowest possible cost
Contemporary supply chains are increasingly required to be fast and ____.
agile
An organization's ability to respond to changes in demand with respect to volume and variety refers to ____.
agility
Which of the following is not a reason for why purchasers are adopting a more proactive and aggressive role in the procurement process?
an excess number of suppliers currently exist
Which of the following is not a category associated with Kraljic's Portfolio Matrix?
bottleneck leverage noncritical strategic
Although nearly any organization can be part of a supply chain, supply chain management requires ____.
companies to adopt an enterprise-to-enterprise point of view
Which of the following is not a potential outcome from a supply chain's failure to be fast and agile?
dissatisfied customers reduced profitability decreased market share lower stock price
Which of the following is not a routine occurrence in global supply chains? a e. all of the above are routine occurrences
documentation errors incomplete shipments routing errors packaging errors
What is the final step in the supplier selection and evaluation process?
evaluate decision
____ materials refer to stock that exceeds the reasonable requirements of an organization.
excess
Multiple sourcing uses more than one supplier in hopes of increased competition, improved market intelligence, and ____
greater supply risk mitigation
___ is often a major shortcoming to many global procurement plans.
implementation
There are three primary methods that organizations can pursue when attempting to integrate their supply chains. Which of the following is not one of them?
intensive distribution
____ identifies opportunities to recover revenues or reduce costs associated with scrap, surplus, obsolete, and waste materials.
investment recovery
Kraljic's Portfolio Matrix ____.
is used by many managers to classify corporate purchases in terms of their importance and supply complexity
____ refers to focusing part of one's supply chain on a timely response to fluctuating customer orders and/or product variety and another part of the supply chain on leveling out the planning requirements to smooth production output.
legality
Single sourcing consolidates purchase volume with a single supplier in hopes of increasing cooperation and communication in the supply relationship as well as ____.
lower costs per unit
Which of the following is not a potential procurement objective?
minimizing procurement costs
Procuring products from suppliers close to one's own facilities refers to ____.
near-sourcing
What is the first step in a global sourcing development model?
planning
____ refers to the raw materials, component parts, and supplies bought from outside organizations to support a company's operations.
procurement
Which of the following is not a dimension associated with socially responsible procurement?
profit
Procurement and ____ are viewed as synonymous terms.
purchasing
Supplier development is synonymous with ____
reverse marketing
____ materials are no longer serviceable, have been discarded, or are a by-product of the production process.
scrap
Which of the following statements is false?
selecting suppliers is the final step of the supplier selection and evaluation process
What is a perfect order
simultaneous achievement of relevant customer metrics
In a (n) ____ approach, all relevant software applications are provided by a single vendor.
single integrator
With respect to the supplier selection and evaluation process, ____ looks at both the internal and external environment within which the supply decision is to be made.
situation analysis
Which of the following is not one of the processes in the Supply Chain Operations Reference (SCOR) model?
source, plan, make, enable
A degree of aggressive procurement involvement not normally encountered in supplier selection refers to ____.
supplier development
. ____ combines technology with manual employee effort to identify trends, perform comparisons, and highlight opportunities in supply chain processes, even when large amounts of data are involved.
supply chain analytics
Cooperative supply chain relationships developed to enhance the overall business performance of both parties is a definition of:
supply chain collaboration
Tailored business relationships between two supply chain members refer to:
supply chain partnership
Which of the following is not a way to reduce inventory levels?
supply-push replenishment
A focus on satisfying internal customers is associated with which procurement objective?
supporting operational requirements
Buying the right products, at the right price, from the right source, at the right specifications, in the right quantity, for delivery at the right time to the right internal customer is associated with what procurement objective?
supporting operational requirements
Supply chain collaboration can be classified as transactional, strategic, or ____ in nature.
tactical information sharing
According to the text, ____has been at the center of the changes taking place that affect the supply chain.
technology
What concept refers to the variability in demand orders among supply chain participants?
the bullwhip effect
The general idea behind ____ is that one company allows a specialist company to provide it with one or more logistics functions.
third-party logistics
What concept refers to when firms consider all the costs that can be assigned to the acquisition, use, and maintenance of a purchase?
total cost of ownership
Which of the following is not an attribute of relational exchanges?
trust commitment dependence joint investment
Which concept refers to where one organization owns multiple participants in the supply chain?
vertical integration
The two most prominent supply chain management process frameworks are the Supply Chain Operations Reference (SCOR) Model and the ____.
Global Supply Chain Forum (GSCF) Model
With respect to gift giving and gift receiving, ____ refers to money paid before an exchange.
a bribe
Two key factors, ____ and ____, have sparked much of the technological change affecting supply chains.
computing power; Internet
Which of the following is not a name/term for a long-term mutually beneficial supply chain agreement?
coopetition
____ refers to "how we do things around here" and reflects an organization's vision, values, and strategic plans.
corporate culture
The current Global Supply Chain Forum (GSCF) model identifies ____ key processes associated with supply chain management.
eight
Which organizational function is not a focus of the Supply Chain Operations Reference (SCOR) model?
marketing
____ collaborations offer the best opportunity for improving supply chain performance.
strategic
____ materials have no economic value.
waste
