The purchasing cycle ends with a the purchase order b

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The purchasing cycle ends with:A)the purchase order.B)the receipt of the item in question.C)the selection of a supplier.D)the payment for the item in question.
2INCORRECTWith which of these functional areas would the purchasing function be unlikely tointeract?
3INCORRECTCompanies should formulate ethical supply chain codes that cover such issues as the:
C)fill rate expectations.D)environment.4 CORRECTRelative to large firms, small businesses tend to be less effective at supply chainmanagement, particularly with regard to:
5INCORRECTStrategic sourcing differs from more traditional sourcing in that it emphasizes__________ rather than __________.A)quality; flexibilityB)total cost; priceC)multiple vendors; single vendorsD)global purchasing; local purchasing
6INCORRECTThe termbullwhip effectis most closely related to:
7INCORRECTCross-docking results in cost savings associated with:
8INCORRECTWhich one of these is not necessarily a requirement of effective supply chainmanagement?
9INCORRECTThe term3PLis most closely associated withA)outsourcing.B)e-commerce.C)learning curves.D)mass customization.E)cross-docking.
10INCORRECTThe letters RFID are most closely associated with
11INCORRECTWhich one of these would tend to lead to increased inventory costs?
12CORRECTWhich one is not a reason for increased emphasis on supply chain management?
13INCORRECTWhich one of these best describes disintermediation?A)the mediation of supply chain disputes by a disinterested third partyB)elimination of supply chain middlemenC)delayed differentiationD)overcoming the bullwhip effect
14CORRECTWhich one of these relates to avoiding warehousing and holding costs?
C)disintermediationD)gatekeepingE)strategic partnering

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