Chapter 1 Final

Chapter 1 Final - TEST BANK Sourcing and Supply Chain...

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TEST BANK Sourcing and Supply Chain Management – 4th edition Handfield, Monczka, Giunipero, and Patterson Chapter 1 True or False 1. The development of progressive purchasing approaches and strategies can help a company maintain or improve its competitive position. a. True (p. 5) b. False 2. Global sourcing is no longer a requirement and is a luxury for most firms. a. True b. False (p. 5) 3. Sophisticated customers, both industrial and consumer, no longer talk about price increases; they demand price reductions. a. True (p. 5) b. False 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 the same total cost. a. True b. False (p. 5) 5. Twenty-first century organizations must no longer be involved in the management of (or take a serious interest in) the suppliers that provide materials and services. a. True b. False (p. 6) 6. Competition today is no longer between firms; it is between the supply chains of those firms. a. True (p. 6) b. False This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied, or distributed without the prior consent of the publisher.
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7. In the manufacturing sector, the percentage of purchases to sales averages 55%. a. True (p. 7) b. False 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. a. True b. False (p. 7) 9. Purchasing and supply management has minimal impact on product and service quality. a. True b. False (p. 7) 10. The routine ordering and follow-up of basic operational supplies is a strategic responsibility. a. True b. False (p. 9) 11. Processes usually move across functional boundaries. a. True (p. 11) b. False 12. A value chain is a subset of the supply chain. a. True b. False (p. 11) 13. Purchasing is becoming less responsible for sourcing indirect goods and services required by internal groups. a. True b. False (p. 12) 14. Distribution management involves the management of packaging, storing, and handling of materials at receiving docks, warehouses, and retail outlets. a. True (p.13) b. False This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied, or distributed without the prior consent of the publisher.
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15. In quality control, the emphasis has shifted from detecting defects at the time of receipt or use to prevention early in the materials-sourcing process. a.
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Chapter 1 Final - TEST BANK Sourcing and Supply Chain...

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