100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Question Bank in line with Purchasing and Supply Chain Management,Monczka,6e R554,12   Add to cart

Exam (elaborations)

Question Bank in line with Purchasing and Supply Chain Management,Monczka,6e

 12 views  0 purchase
  • Course
  • Institution
  • Book

Are you worried about your exam preparation for your course? Are you uncertain whether or not you are ready to enter the exam? if yes, look no further. The question bank, to be used in conjunction with Purchasing and Supply Chain Management,Monczka,6e allows you to practice and get ready for exams...

[Show more]

Preview 4 out of 674  pages

  • June 26, 2024
  • 674
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
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 DIFFICULTY: Easy KEYWORDS: Bloom’s: Understanding OTHER: Analytic NOTES: 1 2. Global sourcing is a requirement and no longer a luxury for most firms. a. True b. False ANSWER: True DIFFICULTY: Easy KEYWORDS: Bloom’s: Understanding OTHER: Analytic NOTES: 1 3. Sophisticated customers, both industrial and consumer, no longer talk about price increases – they demand price reductions! a. True b. False ANSWER: True DIFFICULTY: Easy KEYWORDS: Bloom’s: Understanding OTHER: Analytic NOTES: 1 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 DIFFICULTY: Easy KEYWORDS: Bloom’s: Understanding OTHER: Analytic NOTES: 1 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 DIFFICULTY: Easy KEYWORDS: Bloom’s: Understanding OTHER: Analytic NOTES: 1 6. Competition today is no longer between firms; it is between the supply chains of those firms. a. True b. False ANSWER: True DIFFICULTY: Moderate KEYWORDS: Bloom’s: Understanding OTHER: Analytic NOTES: 1 7. In the manufacturing sector, the percentage of purchases to sales averages 55 percent. a. True b. False ANSWER: True DIFFICULTY: Easy KEYWORDS: Bloom’s: Remembering OTHER: Analytic NOTES: 1 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 innovate ideas that continually add value to a firm’s products and services. a. True b. False ANSWER: False DIFFICULTY: Moderate KEYWORDS: Bloom’s: Understanding OTHER: Analytic NOTES: 1 9. Most of the features that make their way into final products originate with suppliers. a. True b. False ANSWER: False DIFFICULTY: Easy KEYWORDS: Bloom’s: Understanding OTHER: Analytic NOTES: 1 10. Purchasing and supply management has a major impact on product and service quality. a. True b. False ANSWER: True DIFFICULTY: Easy KEYWORDS: Bloom’s: Understanding OTHER: Analytic NOTES: 1 11. Supply management is a broader concept than purchasing. a. True b. False ANSWER: True DIFFICULTY: Easy KEYWORDS: Bloom’s: Understanding

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

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 this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestBank4Textbooks. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R554,12. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R554,12
  • (0)
  Buy now