The purchasing team examined all of their purchasing

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Fundamentals of Financial Management
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Chapter 16 / Exercise 4
Fundamentals of Financial Management
Brigham
Expert Verified
27) The purchasing team examined all of their purchasing patterns in order to identify any irregularities or possible areas of cost savings in a little scheme they liked to call:A) internal auditing.B) purchase consolidation.C) spend analysis.D) cooking the books.Answer:
CDiff: 2 Page Ref: 196Reference: The Strategic Sourcing ProcessKeywords: spend analysis28) Which of the following is required in order to execute a successful spend analysis?
CDiff: 2 Page Ref: 196Reference: The Strategic Sourcing ProcessKeywords: spend analysis29) The use of supply chain partners to provide products or services is called:
ADiff: 1 Page Ref: 200Reference: The Strategic Sourcing ProcessKeywords: sourcing, insourcing30) One advantage of outsourcing is that it:
BDiff: 1 Page Ref: 200Reference: The Strategic Sourcing ProcessKeywords: sourcing, outsourcing6
We have textbook solutions for you!
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Fundamentals of Financial Management
The document you are viewing contains questions related to this textbook.
Chapter 16 / Exercise 4
Fundamentals of Financial Management
Brigham
Expert Verified
31) Which of these is a direct cost associated with outsourcing?A) direct materialB) direct laborC) variable overheadD) price from invoiceAnswer:
DDiff: 2 Page Ref: 202Reference: The Strategic Sourcing ProcessKeywords: outsourcing, direct cost32) Which of these is an indirect cost associated with insourcing?
ADiff: 3 Page Ref: 202Reference: The Strategic Sourcing ProcessKeywords: insourcing, indirect cost33) A supplier that has previously demonstrated its performance capabilities through purchase contracts may well receive:
CDiff: 1 Page Ref: 204Reference: The Strategic Sourcing ProcessKeywords: purchasing, preferred supplier34) A company using portfolio analysis correctly decides to streamline the purchasing process for a few items by use of EDI and automated requisitions to the greatest extent possible. The quadrant that these items fall in is most probably the:
DDiff: 2 Page Ref: 204Reference: The Strategic Sourcing ProcessSkill: AACSB: Use of Information TechnologyKeywords: portfolio analysis, routine, EDI7

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