Test Bank for Purchasing and Supply Chain Management, 7th Edition
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Course
BIOB32
Institution
University Of Toronto (U Of T
)
Test Bank for Purchasing and Supply Chain Management, 7th Edition
True / False
1. The development of strategic purchasing practices can only help a company maintain its competitive position in a
rapidly changing business environment.
a. True
b. False
ANSWER: False
2. Global sourcing is a req...
test bank for purchasing and supply chain management
test bank for purchasing and supply chain management
7th editiontest bank for purchasing and supply chain management
Written for
University of Toronto (U of T
)
Human Biology
BIOB32
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Test Bank for Purchasing and Supply Chain
Management, 7th Edition, Robert M. Monczka,
Robert B. Handfield, Larry C. Giunipero James L.
Patterson
Page 1
, True / False
1. The development of strategic purchasing practices can only help a company maintain its competitive position in a
rapidly changing business environment.
a. True
b. False
ANSWER: False
2. Global sourcing is a requirement and no longer a luxury for most firms.
a. True
b. False
ANSWER: True
3. Sophisticated customers, both industrial and consumer, no longer talk about price increases – they demand price
reductions!
a. True
b. False
ANSWER: True
4. An abundance of competitors and choices have conditioned customers to want higher quality, faster delivery, and
products and services tailored to their individual needs at a higher total cost.
a. True
b. False
ANSWER: False
5. The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.
a. True
b. False
ANSWER: False
6. Competition today is no longer between firms; it is between the supply chains of those firms.
a. True
b. False
ANSWER: True
7. In the manufacturing sector, the percentage of purchases to sales averages 55 percent.
a. True
b. False
ANSWER: True
8. The traditional approach to purchasing and supply management is to build relations with suppliers to jointly pull costs
out of the product or service and expect suppliers to contribute innovative ideas that continually add value to a firm’s
products and services.
a. True
b. False
ANSWER: False
9. Few of the features that make their way into final products originate with suppliers.
Page 2
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