Week 4 Quiz - 1 Determination of the best buy is based...

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1. Determination of the “best buy” is based on: (Points : 1) technical considerations. quality issues. a balance between price and quality. an individual buyer’s perceptions. a balance of requirements of marketing, engineering, operations, and supply Question 2. 2. New technology frequently permits an organization to gain competitive advantage on the bases of different products and services at significantly lower cost. (Points : 1) True False Question 3. 3. Early supply involvement can be accomplished by: (Points : 1) staffing the engineering department with supply professionals. using cross-functional teams on new product development. encouraging internal customers to regularly interact with suppliers. empowering internal customers to evaluate and select suppliers. co-locating accounting staff in the purchasing/supply department. Question 4. 4. Supply chain risks include: (Points : 1) interruptions to the flow of goods or services.
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