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Terms in this set (52)Volkswagen's new plant in Brazil has no Volkswagen employees performing vehicle assembly Volkswagen's innovations in supply-chain management are expected to reduce the number of defective parts Which of the following is not a concern of the supply chain? maintenance scheduling What type of negotiating strategy requires the supplier to open its books to the purchasers? cost-based price model Which of the following statements is true regarding the leverage of supply chain savings? Supply chain savings exert more leverage as the firm has a lower net profit margin One dollar saved in purchasing is worth even more than a dollar earned in sales revenue Which one of the following statements about purchasing is true? Purchasing has an impact on the quality of the goods and services sold In the make-or-buy decision, one of the reasons for making is to assure adequate supply in terms of quantity In the make-or-buy decision, which of the following is a reason for making an item? lower production cost In the make-or-buy decision, one of the reasons for buying is inadequate capacity In the make-or-buy decision, which of the following is not a reason for buying? to obtain desired quality Outsourcing All of the above are true of outsourcing The transfer of some of what are traditional internal activities and resources of a firm to outside vendors is outsourcing The Institute for Supply Management publishes the principles and standards for ethical supply management conduct In supply chain management, ethical issues All of the above are true Which of the following ISM standards of supply management conduct most closely addresses the ethical issue "salespeople become friends with customers?" Promote positive supplier relationships through courtesy and impartiality. Which one of the following is not a supply-chain strategy? short-term relationships with few suppliers A disadvantage of the "few suppliers" strategy is the high cost of changing partners The purchasing approach that holds the suppliers responsible for maintaining the necessary technology, expertise, and forecasting ability plus cost, quality, and delivery competencies is many suppliers Which of the following is not an advantage of the "few suppliers" concept? vulnerability of trade secrets Which of the following supply-chain strategies creates value by allowing suppliers to have economies of scale? long-term partnering with a few suppliers Which of the following is not a condition that favors the success of vertical integration?
small market share Which of the following best describes vertical integration? to produce goods or services previously purchased A fried chicken fast-food chain that acquired feed mills and poultry farms has performed backward integration Vertical integration appears particularly advantageous when the organization has a large market share A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors. This is an example of forward integration Japanese manufacturers often take a middle ground between purchasing from a few suppliers and vertical integration. This approach is keiretsu The Japanese concept of a company coalition of suppliers is keiretsu Which of the following is not an advantage of a virtual company? total control over every aspect of the organization Local optimization is a supply-chain complication best described as optimizing one's local area without full knowledge of organizational needs The "bullwhip" effect all of the above Which of the following is not an opportunity for effective management in the supply chain? local optimization Which of the following is an opportunity for effective management in the supply chain? channel assembly Drop shipment means the supplier will ship directly to the end consumer, rather than to the seller A carpet manufacturer has delivered carpet directly to the end consumer rather than to the carpet dealer. The carpet manufacturer is practicing drop shipping Hewlett-Packard withholds customization of its laser printers as long as possible. This is an example of postponement All of the following are "opportunities" for supply chain management except line balancing Which of the following is an advantage of the postponement technique? reduction in inventory investment A furniture maker has delivered a dining set directly to the end consumer rather than to the furniture store. The furniture maker is practicing drop shipping Which of the following best describes vendor managed inventory? The supplier maintains the inventory for the buyer. Internet purchasing can be used all of the above E-procurement is the same thing as Internet purchasing The three classic types of negotiation strategies are cost-based price model, market-based price model, and competitive bidding Which of the following is not a component of negotiation strategies? invoiceless bidding The three stages of vendor selection, in order, are vendor evaluation, vendor development, and negotiations Which one of the following distribution systems offers quickness and reliability when emergency supplies are needed overseas? airfreight With the growth of JIT, which of the following distribution systems has been the biggest loser? railroads By which distribution system is 90 percent of the nation's coal shipped? railroads Which distribution system is the fastest growing mode of shipping? airfreight Which of the following devices represents an opportunity for technology to improve security of container shipments? all of the above Which one of the following performance measures is not true of a world class firm? large lead time Which of the following is true regarding supply chain performance? Benchmark firms have far fewer shortages per year Sets with similar termsChapter 1152 terms MGT364 ISDS 3115 CHAPTER 11: SUPPLY CHAIN MANAGEMENT59 terms devon_gering Chapter 11 (MNGT 331)97 terms Mirijam_Stewart OM chapter 1154 terms Jenna_Rose87 Sets found in the same folderManagement 331 Chapter 424 terms fleurballPLUS SCMS331 Chapter 1625 terms cpyle2 CH 12 Section 6 Single-Period Model6 terms qianyu313 Chapter 3 study module MAR22 terms hannah_whitesell5PLUS Other sets by this creator
Chapter 11s Mult. Choice19 terms Jordan_Case4 Chapter 11 T/F35 terms Jordan_Case4 Chapter 7 Mult. Choice37 terms Jordan_Case4 Chapter 7 T/F24 terms Jordan_Case4 Other Quizlet setsweeks 1-3 example questions32 terms cynthiaa_garduno Chapter 11 SCMA87 terms caroline_buelt1 OM Final49 terms emily_raines1 MKT 411 Quiz 311 terms stephanie_dowse Related questionsQUESTION Mathematically determining the relationship between the service provider's capacity and the average waiting time for the guest can allow the organization to find the ideal balance between the two. 13 answers QUESTION According to Drucker, the basic purpose of business is 15 answers QUESTION You are considering using the LMA to manage the patient's airway. After inserting the airway, the patient begins to gag. What should you do next? 4 answers QUESTION you recently interviewed a top candidate for an administrative position and are about to offer him the job. You then learn that he is plannin on adopting a child. What should you do 2 answers What type of negotiation strategy requires the supplier to open its books to the purchasers?The market-based price negotiation strategy requires that the supplier open its books to the purchaser.
What are the three classic types of negotiation strategies quizlet?The three classic strategies for negotiating with suppliers are the cost-based model, the market-based price model, and competitive bidding.
What are the four stages of supplier selection quizlet? Supplier evaluation.. development.. negotiation.. contracting.. Which sourcing strategy is particularly common when the products being sourced are commodities ____?Many Suppliers sourcing strategy is particularly common when the products being sourced are commodities.
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What type of negotiation strategy requires the supplier to open its books to the purchasers quizlet?
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