MNP3701 STRATEGIC SOURCING Assignment 03 Due 24/04/2024
20 views 1 purchase
Course
STRATEGIC SOURCING (MNP3701)
Institution
University Of South Africa (Unisa)
This document consists of attempts 1 and 2 with 52 multiple-choice/ MCQ questions and answers. I got a 70% mark....the challenging par is the calculations part.
Question 1
Question text
_______ results in waste because equipment or labour resources are not producing
output.
a. Wasted operator motion
b. Waste from rejected parts
c. Idle time
d. Overproduction
Question 2
Question text
The _____ provides all suppliers with a chance to remain in the supply base regardless of
their performance history.
a. twenty/eighty rule
b. triage approach
c. competency staircase rule
d. “improve or else” approach
Question 3
Question text
In the _____ model, suppliers offer quantity discounts to motivate suppliers to purchase
in larger quantities.
a. market skimming
b. promotional pricing
c. market-share
d. price volume
Question 4 Page:568
Question text
A/An _____ order is an agreement that typically covers many items that can be
purchased under the same purchase order number, thereby minimising repetitive
paperwork in the purchasing department for relatively low-cost items.
a. blanket
b. material requirements
c. open-ended
d. continuous purchase
Page 1 of 16
,Question 5 Page:309
Question text
Which one of the following would be an example of external failure cost at ABCD
Retailers?
a. Production of a new line of dresses is interrupted because of defective machinery
b. Following the manufacturing of low-quality dresses, new dress designs are
submitted for approval
c. An in-store customer returns a dress because it tore after only wearing it once
d. A new quality control process is introduced to reduce the number of defective
dresses manufactured
Question 6 Page: 416
Question text
In the framework for strategic cost management, unique products are products of _____
a. high value with a low number of available suppliers.
b. low value with a high number of available suppliers.
c. high value with a high number of available suppliers.
d. low value with a low number of available suppliers.
Question 7 Page: 562
Question text
In the _____ approach to a systems supplier’s level of service, the outsource service
supplier takes on only two or three small functions from the client, using a stepping
stone approach.
a. turnkey
b. evergreen
c. shared
d. modular
Question 8 Page:71
Question text
In a/an _____ contract, the price stated does not change, regardless of the fluctuations in
general and overall economic conditions.
a. cost plus incentive
b. firm-fixed-price
c. cost-sharing
d. fixed price with incentives
Page 2 of 16
, Question 9 Page: 346
Question text
As part of the supplier development process, organisations must define key metrics and
cost-sharing mechanisms. Which one of the following options best describes this step
in the supplier development process?
a. On-going project management is required to modify the original plan,
apply additional resources and refocus priorities. Parties reach a realistic and relevant
agreement regarding metrics and measures that demonstrate success.
b. Parties reach a realistic and relevant agreement regarding metrics and measures
that demonstrate success.
c. Development teams include members of several organisational functions, and a
team character is developed.
d. Parties jointly determine if possibilities for possible improvement are realistic
and achievable and develop improvement goals accordingly.
Question 10
Question text
If a quality incident occurs, the supplier quality manual should _______
a. outline, in detail, the legal ramifications of non-compliance from either the buyer or
the supplier
b. describe the relative obligations in terms of cost, timing and resources allocated
for buyers and suppliers.
c. not include any corrective actions as such actions should be developed on a case
by case basis.
d. not include any product specifications such as material handling requirements as
this specification should be included in the request for quotation document.
Question 11 Page: 541
Question text
The _____ clause of a contract describes the course of events if unforeseen calamities
such as earthquakes or hurricanes prevent a supplier from fulfilling its obligations to the
buyer.
a. notices
b. liability
c. supply and delivery
d. force majeure
Question 12 Page:503
Page 3 of 16
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller abhengu9. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.52. You're not tied to anything after your purchase.
