Question 1

Two common measures to evaluate supply chain efficiency are the consumer price index and the beta flow system.

Accepted Answer

A) True 
 B)False

Question 2

stable supply process is one where product volumes are high,demand is predictable and there is a long product life.

Accepted Answer

A) True 
 B)False

Question 3

When using the supply chain uncertainty framework to classify supply chains,a supply chain for functional products with an evolving supply process is called which of the following?

Accepted Answer

A)  Efficient
B)  Forward looking
C)  Agile
D)  Risk hedging
E)  ResponsiveF) B) and E)
G) D) and E)

Question 4

The six-step process for green sourcing includes which of the following?

Accepted Answer

A)  Provide a press release to local (and perhaps national) mediA.
B)  Include members of environmental groups in the decision
C)  Notify the state and federal environmental agencies of your plans
D)  Perform an environmental impact study
E)  Develop the sourcing strategyF) C) and D)
G) B) and D)

Question 5

Outsourcing is the act of moving some of a firm's internal activities and decision responsibility to outside providers.

Accepted Answer

A) True 
 B)False

Question 6

Green sourcing is only about finding new environmentally friendly technologies and increasing the use of recyclable materials.

Accepted Answer

A) True 
 B)False

Question 7

An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best.

Accepted Answer

A) True 
 B)False

Question 8

Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically.

Accepted Answer

A) True 
 B)False

Question 9

The best strategy for innovative products is to use either a responsive or an agile supply chain.

Accepted Answer

A) True 
 B)False

Question 10

financially-driven reason for outsourcing is that it can turn fixed costs into variable costs.

Accepted Answer

A) True 
 B)False

Question 11

stable supply process is one where the manufacturing process and the underlying technology are mature and the supply base is well established.

Accepted Answer

A) True 
 B)False

Question 12

Ownership costs are incurred after the initial purchase and are associated with the ongoing use of the product or material.Which of the following is not an ownership cost listed in the text?

Accepted Answer

A)  Financing costs
B)  Energy costs
C)  Taxes
D)  Maintenance and repair costs
E)  Supply network costsF) A) and E)
G) B) and E)

Question 13

When using the supply chain uncertainty framework to classify supply chains,a supply chain for innovative products with an evolving supply process is called which of the following?

Accepted Answer

A)  Efficient
B)  Forward looking
C)  Agile
D)  Risk hedging
E)  ResponsiveF) C) and D)
G) A) and B)

Question 14

46. The effect of the lack of synchronization among supply chain members is referred to as which of the following?

Accepted Answer

A)  Forward buying
B)  Continuous replenishment
C)  Bullwhip effect
D)  Metcalf's Law
E)  Being out of stepF) All of the above
G) A) and B)

Question 15

The optimal strategy for innovative products is to use an efficient supply chain.

Accepted Answer

A) True 
 B)False

Question 16

Inventory turnover and weeks of supply are mathematically the inverse of one another.

Accepted Answer

A) True 
 B)False

Question 17

The inventory turnover ratio used in measuring supply chain efficiency is found by the ratio of which of the following?

Accepted Answer

A)  Cost of goods sold/Average aggregate inventory value
B)  Fixed costs/Variable costs
C)  Sales costs/Marketing costs
D)  Cost of goods sold/Cost to sell goods
E)  Operations flow costs/Suppliers flow costsF) All of the above
G) B) and D)

Question 18

When using the supply chain uncertainty framework to classify supply chains,a supply chain for innovative products with a stable supply process is called which of the following?

Accepted Answer

A)  Efficient
B)  Forward looking
C)  Agile
D)  Risk hedging
E)  ResponsiveF) A) and B)
G) C) and E)

Question 19

The six-step process for green sourcing does not include which of the following?

Accepted Answer

A)  Assess the opportunity
B)  Assess the supply base
C)  Confer with environmental groups
D)  Engage sourcing agents
E)  Institutionalize the sourcing strategyF) C) and D)
G) A) and B)

Question 20

The phenomenon that magnifies the variability in order quantities for goods as orders move through the supply chain from the customer to the producer is called the bullwhip effect.

Accepted Answer

A) True 
 B)False

Exam 13: Global Sourcing and Procurement

The six-step process for green sourcing includes which of the following?

Correct AnswerverifiedShow Answer

Green sourcing is only about finding new environmentally friendly technologies and increasing the use of recyclable materials.

Correct AnswerverifiedShow Answer

The best strategy for innovative products is to use either a responsive or an agile supply chain.

Correct AnswerverifiedShow Answer

When using the supply chain uncertainty framework to classify supply chains,a supply chain for innovative products with a stable supply process is called which of the following?

Correct AnswerverifiedShow Answer

Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically.

Correct AnswerverifiedShow Answer

The six-step process for green sourcing does not include which of the following?

Correct AnswerverifiedShow Answer

When using the supply chain uncertainty framework to classify supply chains,a supply chain for innovative products with an evolving supply process is called which of the following?

Correct AnswerverifiedShow Answer

stable supply process is one where product volumes are high,demand is predictable and there is a long product life.

Correct AnswerverifiedShow Answer

When using the supply chain uncertainty framework to classify supply chains,a supply chain for functional products with an evolving supply process is called which of the following?

Correct AnswerverifiedShow Answer

stable supply process is one where the manufacturing process and the underlying technology are mature and the supply base is well established.

Correct AnswerverifiedShow Answer

Two common measures to evaluate supply chain efficiency are the consumer price index and the beta flow system.

Correct AnswerverifiedShow Answer

The optimal strategy for innovative products is to use an efficient supply chain.

Correct AnswerverifiedShow Answer

Ownership costs are incurred after the initial purchase and are associated with the ongoing use of the product or material.Which of the following is not an ownership cost listed in the text?

Correct AnswerverifiedShow Answer

Inventory turnover and weeks of supply are mathematically the inverse of one another.

Correct AnswerverifiedShow Answer

The phenomenon that magnifies the variability in order quantities for goods as orders move through the supply chain from the customer to the producer is called the bullwhip effect.

Correct AnswerverifiedShow Answer

The inventory turnover ratio used in measuring supply chain efficiency is found by the ratio of which of the following?

Correct AnswerverifiedShow Answer

financially-driven reason for outsourcing is that it can turn fixed costs into variable costs.

Correct AnswerverifiedShow Answer

Outsourcing is the act of moving some of a firm's internal activities and decision responsibility to outside providers.

Correct AnswerverifiedShow Answer

An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best.

Correct AnswerverifiedShow Answer

46. The effect of the lack of synchronization among supply chain members is referred to as which of the following?

Correct AnswerverifiedShow Answer

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46^. The effect of the lack of synchronization among supply chain members is referred to as which of the following?

Correct Answer
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