Question 1

A request for information (RFI)signals that the buyer has identified the supplier as the source of supply and represents a commitment for future business.

Accepted Answer

A) True 
 B)False

Question 2

The use of just-in-time,stockless buying or systems contracting favors the use of multiple sourcing.

Accepted Answer

A) True 
 B)False

Question 3

If the decision has been made that a new requirement cannot be made in-house and no existing supplier is adequate,then:

Accepted Answer

A)  one option exists: search the marketplace for an untried/unknown,new supplier.
B)  two options exist: search the marketplace for a new supplier or convince an existing supplier to develop the capability.
C)  three options exist: search the marketplace for a new supplier,engage in reverse marketing,or redesign/respecify the requirement so that it is procurable.
D)  three options exist: search the marketplace for a new supplier,convince an existing supplier to develop the capability,or engage in reverse marketing.
E)  three options exist: search the marketplace for a new supplier,convince an existing supplier to develop the capability,or inform the internal user the item cannot be purchased.F) C) and D)
G) D) and E)

Question 4

Portfolio or quadrant analysis may be used to develop longer-term strategies for moving categories of spend into a more desirable location on the spend map.

Accepted Answer

A) True 
 B)False

Question 5

The preferred hierarchy of environmental supply chain strategies is:

Accepted Answer

A)  (1) reuse, (2) recycle, (3) source reduction, (4) incinerate,and (5) landfill.
B)  (1) source reduction, (2) reuse, (3) recycle, (4) incinerate,and (5) landfill.
C)  (1) recycle, (2) reuse, (3) source reduction, (4) incinerate,and (5) landfill.
D)  (1) reuse, (2) reclaim, (3) recycle, (4) incinerate,and (5) landfill.
E)  (1) reclaim, (2) reuse, (3) recycle, (4) incinerate,and (5) landfill.F) None of the above
G) B) and D)

Question 6

Historically,the advantages of global sourcing were more dependable service,greater flexibility,and detailed knowledge of the buyer's specific requirements.

Accepted Answer

A) True 
 B)False

Question 7

The supplier selection decision:

Accepted Answer

A)  should always be preceded by a formal supplier evaluation and rating.
B)  should be based on quantifiable factors such as price and delivery,and ignore social and environmental issues.
C)  can be depicted by a decision tree identifying options,evaluation criteria,and probabilities of success and failure.
D)  can be seen as a decision-making process undertaken in an environment of certainty.
E)  is based on a uniform set of weighted criteria that can be applied to every purchase.F) A) and B)
G) C) and D)

Question 8

Large suppliers:

Accepted Answer

A)  tend to have a strong financial base.
B)  are most suited for small dollar value "C" requirements.
C)  should not be considered for longer term contracts.
D)  usually provide the greatest responsiveness and flexibility.
E)  usually represent very high risk to the purchaser.F) C) and D)
G) A) and E)

Question 9

In the context of supplier selection decisions,the term "local" can be defined differently depending on the organization and its scope of operations.

Accepted Answer

A) True 
 B)False

Question 10

Near shoring refers to outsourcing to a contract manufacturer who is located near a coast with a major port facility.

Accepted Answer

A) True 
 B)False

Exam 12: Supplier Selection

Portfolio or quadrant analysis may be used to develop longer-term strategies for moving categories of spend into a more desirable location on the spend map.

Correct Answer
verified

A request for information (RFI)signals that the buyer has identified the supplier as the source of supply and represents a commitment for future business.

Correct Answer
verified

In the context of supplier selection decisions,the term "local" can be defined differently depending on the organization and its scope of operations.

Correct Answer
verified

The supplier selection decision:

Correct Answer
verified

The use of just-in-time,stockless buying or systems contracting favors the use of multiple sourcing.

Correct Answer
verified

If the decision has been made that a new requirement cannot be made in-house and no existing supplier is adequate,then:

Correct Answer
verified

Near shoring refers to outsourcing to a contract manufacturer who is located near a coast with a major port facility.

Correct Answer
verified

Historically,the advantages of global sourcing were more dependable service,greater flexibility,and detailed knowledge of the buyer's specific requirements.

Correct Answer
verified

Large suppliers:

Correct Answer
verified

The preferred hierarchy of environmental supply chain strategies is:

Correct Answer
verified

Exam 12: Supplier Selection

Portfolio or quadrant analysis may be used to develop longer-term strategies for moving categories of spend into a more desirable location on the spend map.

Correct AnswerverifiedShow Answer

A request for information (RFI)signals that the buyer has identified the supplier as the source of supply and represents a commitment for future business.

Correct AnswerverifiedShow Answer

In the context of supplier selection decisions,the term "local" can be defined differently depending on the organization and its scope of operations.

Correct AnswerverifiedShow Answer

The supplier selection decision:

Correct AnswerverifiedShow Answer

The use of just-in-time,stockless buying or systems contracting favors the use of multiple sourcing.

Correct AnswerverifiedShow Answer

If the decision has been made that a new requirement cannot be made in-house and no existing supplier is adequate,then:

Correct AnswerverifiedShow Answer

Near shoring refers to outsourcing to a contract manufacturer who is located near a coast with a major port facility.

Correct AnswerverifiedShow Answer

Historically,the advantages of global sourcing were more dependable service,greater flexibility,and detailed knowledge of the buyer's specific requirements.

Correct AnswerverifiedShow Answer

Large suppliers:

Correct AnswerverifiedShow Answer

The preferred hierarchy of environmental supply chain strategies is:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
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