Exam (elaborations)
BUAD 331 Exam 2 (Knowledge Checks) Qs & As
- Course
- Institution
BUAD 331 Exam 2 (Knowledge Checks) Qs & As
[Show more]
Content preview
BUAD 331 Exam 2 (Knowledge Checks) Qs & Aswhat supplier management tool is the standard to continuously track a supplier's
performance and financial health and ensure that key goals are being met? Correct Ans-
scorecards
the key to effective procurement is __________ of suppliers and __________ management
Correct Ans-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? Correct Ans-strategic items
supplier portfolio analysis was presented by Michael Porter (t/f) Correct Ans-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 Correct Ans-logistics
what invention by Malcolm McLean revolutionized how products are shipped and reduced
cost that is considered a key facilitator of global trade? Correct Ans-shipping containers
what mode of transportation is the biggest competition for an inland barge? Correct Ans-
rail
, BUAD 331 Exam 2 (Knowledge Checks) Qs & As
which mode is best for transporting heavy construction equipment? Correct Ans-rail
which mode is best for transporting consumer finished goods? Correct Ans-motor
which mode is best for transporting long distance containerized goods? Correct Ans-water
which mode is best for transporting high value goods? Correct Ans-air
which mode is best for transporting petroleum or mineral slurry? Correct Ans-pipeline
based on similar cost and service characteristics, which mode of transportation is the biggest
competition for an inland water transport? Correct Ans-rail
__________ + __________ = rate bargaining power when negotiating rates Correct Ans-
volume + consistency
carriers will offer better rates if clients give them revenue miles in __________ Correct
Ans-both directions
What warehouse activity includes identifying the location of the product required to fill an
order? Correct Ans-order picking
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 TheeGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now