ch11 - ch11 Student 1 Strategic sourcing is the development...

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ch11 Student: ___________________________________________________________________________ 1. Strategic sourcing is the development and management of supplier relationships to acquire goods and services in a way that aids in achieving the immediate needs of the business. True False 2. Two common measures to evaluate supply-chain efficiency are the consumer price index and the beta flow system. True False 3. Two common measures to evaluate supply-chain efficiency are the inventory turnover and weeks-of-supply ratios. True False 4. Inventory turn values that are considered good differ by industry and the type of products being handled. True False 5. Retailer behavior when stocking up during promotion periods (where the prices of goods are reduced) is called backward buying. True False 6. The phenomenon that magnifies the variability in order quantities for goods as orders move through the supply-chain from the customer to the producer is called the bullwhip effect. True False 7. Functional products include staples that people buy in a wide range of retail outlets, such as grocery stores and gas stations. True False 8. The optimal strategy for functional products is to use an efficient supply-chain. True False 9. The optimal strategy for functional products is to use a responsive supply-chain. True False 10. The optimal strategy for innovative products is to use an efficient supply-chain. True False 11. The best strategy for innovative products is to use either a responsive or an agile supply-chain. True False
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12. Outsourcing is the act of moving some of a firm's internal activities and decision responsibility to outside providers. True False 13. Outsourcing allows a firm to achieve an improved focus on its core competencies. True False 14. Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically. True False 15. Logistics is a term that refers to the management functions that support the complete cycle of material flow, from the purchase and internal control of production materials; to the planning and control of work-in- process; to the purchasing, shipping, and distribution of the finished product. True False 16. A financially-driven reason for outsourcing is that it can turn fixed costs into variable costs. True False 17. A financially-driven reason for outsourcing is that it can shorten cycle time. True False 18. An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best. True False 19. An organizationally-driven reason for outsourcing is that it can transform the organization. True False
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This note was uploaded on 01/05/2012 for the course COMMERCE 398 taught by Professor Dale during the Spring '11 term at UBC.

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ch11 - ch11 Student 1 Strategic sourcing is the development...

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