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CHAPTER 11testbank

CHAPTER 11testbank - CHAPTER 11 SUPPLY CHAIN MANAGEMENT...

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CHAPTER 11: SUPPLY CHAIN MANAGEMENT TRUE/FALSE MULTIPLE CHOICE 36. The three major variations of online catalogs are catalogs by vendors, catalogs by intermediaries, and exchanges provided by buyers EDI, ERP, and ASN cost-based, market-based, and competitive bidding drop shipping, channel assembly, and postponement all auction-based Visibility throughout the supply chain is a requirement among supply chain members for mutual agreement on goals mutual trust compatible organizational cultures local optimization the bullwhip effect Which of the following is not a concern of the supply chain? warehousing and inventory levels credit and cash transfers suppliers distributors and banks maintenance scheduling What type of negotiating strategy requires the supplier to open its books to the purchasers? cost-based price model market-based price model competitive bidding price-based model none of the above Which of the following statements is true regarding the leverage of supply chain savings?
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Supply chain leverage is about the same for all industries. Supply chain savings exert more leverage as the firm's purchases are a smaller percent of sales. Supply chain savings exert more leverage as the firm has a lower net profit margin. Supply chain leverage depends only upon the percent of sales spent in the supply chain. None of the above is true. One dollar saved in purchasing is equivalent to a dollar earned in sales revenue worth even more than a dollar earned in sales revenue worth slightly more than a dollar earned because of taxes worth from 35% in the technical instrument industry to 70% in the food products industry only worthwhile if you are in the 50% tax bracket and still have a low profit margin Which one of the following statements about purchasing is true? The cost of purchases as a percent of sales is often small. Purchasing provides a major opportunity for price increases. Purchasing is always more efficient than making an item. Purchasing has an impact on the quality of the goods and services sold. Competitive bidding is a major factor in long-term cost reductions. 43. In the make-or-buy decision, one of the reasons for making is a. to reduce inventory costsb. to obtain technical or management abilityc. inadequate capacity d. reciprocity e. to assure adequate supply in terms of quantity 44. In the make-or-buy decision, which of the following is a reason for making an item? management can focus on its primary business lower production cost inadequate capacity reduce inventory costs None of the above is a reason for making an item.
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45. In the make-or-buy decision, one of the reasons for buying is. to assure adequate supply to obtain desired quality to remove supplier collusion inadequate capacity to maintain organizational talents 46. In the make-or-buy decision, which of the following is not a reason for buying?
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