TEST 1 (3) ATTEMPTS.docx - ALL IN YELLOW CORRECT Question 1 1 1 point In The World is Flat Friedman talks about the quiet crisis and coming decline of

TEST 1 (3) ATTEMPTS.docx - ALL IN YELLOW CORRECT Question 1...

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ALL IN YELLOW CORRECT! Question 1 1 / 1 point In The World is Flat, Friedman talks about the quiet crisis and coming decline of the United States. Which gap refers to how poor kids are short changed by the public education system? Education gap at the bottom Question 2 1 / 1 point In From Supply Chains to Supply Ecosystemsthey explain how business ecosystems go beyond traditional inter organizational collaboration within a supply network at a heightened set of interdependencies across a broader array of stakeholders. True Question 3 1 / 1 point Organizational planning to implement future strategic objective needs is not a requirement for successful purchasing and outsourcing. False Question 4 0 / 1 point Which area of strategic management understands the relationship between different factors affecting the organization and its choice of strategies? Category Management Strategic Choice Mission Statement Strategic Analysis Question 5 1/ 1 point Strategic purchasing decisions are often made by a departmental manager. False Question 6 1 / 1 point In The World is Flat, Friedman talks about the quiet crisis and coming decline of the United States. Which gap refers to how the U.S. is way behind on broad band penetration? Infrastructure gap Question 7 1 / 1 point A procurement strategy or tactic for managing leverage items in the positioning/targeting matrix is to use industry standards and coordination between business unites and companies. True
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Question 8 0 / 1 point In the Assessment of Excellence in Procurement Study, which of the following is false regarding the success formula leaders attain and sustain in their effectiveness? Supplier excellence ensures that suppliers complies with contractual requirements and that the company reduces overall supply risk and gains competitive advantage through innovation from supply markets. Category excellence is the most powerful cost reduction lever generating about 73 percent of procurement value and providing insight on supply markets that help to shape the company’s business strategy. Human resource management excellence starts at the bottom of the supply matrix adding vital assets in the three-part success formula model. Question 9 1 / 1 point Some large industries (i.e. rail, air, electric, etc.) have to spend large amounts of money on maintenance and capital requirements to provide their supplies or services. True Question 10 1 / 1 point Organizations employing leading edge approaches to the management of materials are using approaches such as benchmarking, just-in-time, supply chain, empowerment, relationship management, and customer focus.True Question 11 1/ 1 point Many government or public organizations are increasingly required to work with less money, which has led to more effective purchasing practices to reduce costs. True Question 12 1 / 1 point Supply markets, as well as sales markets, offer opportunities to gain advantage and pose threats which may be detrimental to the organization. TRUE Question 13 1 / 1 point
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