Quiz 2.docx - True/False Operations managers are finding...

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True/False: Operations managers are finding online auctions a fertile area for disposing of discontinued inventory. True True/False: The key to effective supply chain management is to get many suppliers to compete with each other, in order to drive down prices. False True/False: Even though a firm may have a low cost strategy, supply chain strategy can select suppliers primarily on response or differentiation. False True/False: The supply chain for a brewery would include raw ingredients such as hops and barley but not the manufactured goods such as bottles and cans. False True/False: Supply chain management faces additional challenges, such as those related to quality production and distribution systems, when companies enter growing global markets. True True/False: McDonald's was able to utilize existing plants and transportation systems in preparing the supply chain for opening its stores in Moscow. False True/False: When using the low-cost strategy for supply chain management, the firm should invest aggressively to reduce production lead time. False True/False: Savings in the supply chain exert more leverage as the firm has a lower net profit margin. True True/False: A reduction in inventory costs is one reason for making rather than buying. False True/False: Outsourcing refers to transferring a firm's activities that have traditionally been internal to external suppliers. True True/False: Outsourcing is a form of specialization that allows the outsourcing firm to focus on its critical success factors. True True/False: Supply chain decisions are not generally strategic in nature, because purchasing is an ordinary expense to most firms. False True/False: The objective of the make-or-buy decision is to help identify the products and services that can be obtained externally. True True/False: Because service firms do not acquire goods and services externally, their supply chain management issues are insignificant. False True/False: Because the supply chain has become so electronic and automated, opportunities for unethical behavior have been greatly reduced. False True/False: With the many-suppliers strategy, the order usually goes to the supplier that offers the best quality.
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False True/False: Developing long-term, "partnering" relationships with a few suppliers is a long- standing American purchasing strategy. False True/False: Vertical integration, whether forward or backward, requires the firm to become more specialized. False True/False: A fast-food retailer that acquired a spice manufacturer would be practicing backward integration. True True/False: Keiretsus offer a middle ground between few suppliers and vertical integration. True True/False: In several industries, online exchanges have been created by buyers.
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