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BUAD 331 Exam 2 (Knowledge Checks) Exam questions and Answers
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BUAD 331 Exam 2 (Knowledge Checks) Exam questions and Answers
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BUAD 331 Exam 2 (KnowledgeChecks) Exam questions and Answers
office supplies for an automobile manufacturer would fit in the supply and
commodity category titled "Indirect Materials Office Supply Product
category" (t/f) - -true
-you are in charge of buying a new make and model of work computers for
the entire company HQ. you know it will be expensive, but have many
options to choose from so you can make computer manufacturers bid
against each other. Why type of commodity are the computers? - -leverage
commodity
-sourcing is the inputs (or things we buy), including materials, sub-
assembled components, equipment, and services, that are required to create
value (t/f) - -false
-what is not an area in which successful supply managers need expertise? -
-customers
-when purchasing and supply management works well within an
organization, the company acquires the best resources from around the
world, which allows it to compete on cost, quality, and innovation (t/f) - -true
-what is the most important right of purchasing? - -the right supplier
-one of the most challenging aspects of purchasing is to ensure an
uninterrupted flow of supply. what might interrupt that flow? - -- natural
disasters
- supplier quality issues
- logistics interruptions
- financial issues
-a dollar saved in material costs goes directly to an increase in revenue for
the organization (t/f) - -false
-purchasing has become a strategic contributor to organizational value by
contributing to both the top and bottom line of the business (t/f) - -true
-the choice of suppliers is important to ensure an uninterrupted flow of
supply and avoid some of the problems inherent in complex supply chains
(t/f) - -true
, -what supplier management tool is the standard to continuously track a
supplier's performance and financial health and ensure that key goals are
being met? - -scorecards
-the key to effective procurement is __________ of suppliers and __________
management - -segmentation, strategically appropriate
-which of the Krajlic's Portfolio Matrix items is highly complex in the supply
market and has a high importance of purchasing? - -strategic items
-supplier portfolio analysis was presented by Michael Porter (t/f) - -false
(Peter Kraljic)
-__________ is part of the supply chain involved in managing the forward and
reverse flow and storage of goods, services, and related information between
the point of origin and the point of consumption to meet customers'
requirements - -logistics
-what invention by Malcolm McLean revolutionized how products are
shipped and reduced cost that is considered a key facilitator of global trade?
- -shipping containers
-what mode of transportation is the biggest competition for an inland barge?
- -rail
-which mode is best for transporting heavy construction equipment? - -rail
-which mode is best for transporting consumer finished goods? - -motor
-which mode is best for transporting long distance containerized goods? - -
water
-which mode is best for transporting high value goods? - -air
-which mode is best for transporting petroleum or mineral slurry? - -pipeline
-based on similar cost and service characteristics, which mode of
transportation is the biggest competition for an inland water transport? - -
rail
-__________ + __________ = rate bargaining power when negotiating rates - -
volume + consistency
-carriers will offer better rates if clients give them revenue miles in
__________ - -both directions
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