Kralijic's Portfolio Purchasing Model evaluates goods on two criteria. What are they? correct answers Supply risk and profit impact
The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality correct answers Procurement
Why is the buy process s...
SCMN 3150 Exam 2 Canvas (Quizzes & Answers)
Kralijic's Portfolio Purchasing Model evaluates goods on two criteria. What are they? correct
answers Supply risk and profit impact
The purchase of merchandise or services at the optimum possible total cost in the correct amount
and quality correct answers Procurement
Why is the buy process so important to companies today? correct answers Because the buy
process can generate sustainable advantage
What is the final step in the procurement process? correct answers Evaluate supplier
performance
Requests for quotes and direct negotiations with suppliers take place during which step in the
procurement process? correct answers Supplier selection
In the Industry in Action video, which company focuses on corporate social responsibility in its
procurement process? correct answers Bombardier
According to this week's reading, which trend will encourage companies to negotiate lower
prices for products with high levels of hydrocarbons as inputs? correct answers Lower oil prices
Strategic sourcing focuses on all of the following EXCEPT: correct answers Minimizing unit
cost
The purchase or a product, part, or component from an outside supplier versus manufacturing it
in-house is called: correct answers Outsourcing
Strategic sourcing is an organized and collaborative approach to leveraging targeted spend across
locations with select suppliers that are best suited to create knowledge and value in the customer-
supplier interface. True or False correct answers True
What type of production process would be used to make steel or paper? correct answers
Continuous production
Production is the process by which inputs are combined, transformed, and turned into goods and
services. True or False correct answers True
Which manufacturing objective focuses on the ability to handle special requests and provide
agility? correct answers Flexibility objective
When a company adopts an adaptive manufacturing approach, it focuses on becoming demand-
driven and responding to customer needs. True or False correct answers True
, During an interview, you are asked: "What is the ultimate goal of a lean production system?" If
you want the job, you should respond: correct answers To eliminate waste in the production
process
Which make-to-order production strategy used a combination of standard components and
customer specified options to increase available product variety? correct answers Assemble to
order
According to this episode's reading, what will happen when companies employ 3D printing,
intelligent assembly robots, and open-source hardware in their supply chains? correct answers
Offshore manufacturing will decline
According to this week's article, what is the benefit of open-source designs in manufacturing?
correct answers Accelerated time-to-market
Work Center Layout correct answers The process provides high flexibility to produce a variety
of products in limited volume; customization tends to be high; groups together similar equipment
or functions
Assembly Line Layout correct answers This process uses interchangeable parts which are added
to a product in a sequential manner to create a large number of uniform products; machines and
workers area arranged according to the progressive sequence of operations needed to make high
quality products; cost effective, eliminate cross flows and backtrading, limit work in progress
and streamline production time
Project Layout correct answers The production process takes place in the fixed location of the
product; typically used to build one of a kind product
Continuous Flow Chart correct answers High volume flow with little flexibility; used for high
volume, standardized products like pale, chemicals, or beverages; production work via
equipment, workers monitor and repair; creates economies of scale, low-cost production but very
little flexibility
Manufacturing Cells Layout correct answers Processed focus layout that dedicates production
areas to a narrow range of products with similar requirements
The fixed time period inventory model assesses inventory at a specific time interval and places
variable sized replenishment orders. True or False correct answers True
What has a direct impact on order fill rates and cycle time? correct answers In-stock availability
Which inventory model is event triggered and creates a consistent size order? correct answers
Fixed order quantity
According to the Episode 7 reading, what is the biggest challenge for freight shippers? correct
answers Capacity shortages
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