Test Bank For Purchasing And Supply Chain Management, 6th Edition

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage1True/False1.Thedevelopmentofstrategicpurchasingpracticescanonlyhelpacompanymaintainitscompetitivepositioninarapidlychangingbusinessenvironment.a.Trueb.FalseANSWER:FalseDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:12.Globalsourcingisarequirementandnolongeraluxuryformostfirms.a.Trueb.FalseANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:13.Sophisticatedcustomers,bothindustrialandconsumer,nolongertalkaboutpriceincreases–theydemandpricereductions!a.Trueb.FalseANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:14.Anabundanceofcompetitorsandchoiceshaveconditionedcustomerstowanthigherquality,fasterdelivery,andproductsandservicestailoredtotheirindividualneedsatahighertotalcost.a.Trueb.FalseANSWER:FalseDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:15.Theavailabilityoflow-costdomesticsupplieralternativeshasledtotheshiftawayfromoutsourcingandoffshoring.a.Trueb.FalseANSWER:False

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage2DIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:16.Competitiontodayisnolongerbetweenfirms;itisbetweenthesupplychainsofthosefirms.a.Trueb.FalseANSWER:TrueDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:17.Inthemanufacturingsector,thepercentageofpurchasestosalesaverages55percent.a.Trueb.FalseANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:18.Thetraditionalapproachtopurchasingandsupplymanagementistobuildrelationswithsupplierstojointlypullcostsoutoftheproductorserviceandexpectsupplierstocontributeinnovateideasthatcontinuallyaddvaluetoafirm’sproductsandservices.a.Trueb.FalseANSWER:FalseDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:19.Mostofthefeaturesthatmaketheirwayintofinalproductsoriginatewithsuppliers.a.Trueb.FalseANSWER:FalseDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:110.Purchasingandsupplymanagementhasamajorimpactonproductandservicequality.a.True

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage3b.FalseANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:111.Supplymanagementisabroaderconceptthanpurchasing.a.Trueb.FalseANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:112.Theroutineorderingandfollow-upofbasicoperationalsuppliesisastrategicresponsibility.a.Trueb.FalseANSWER:FalseDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:113.Supplychainmanagementdoesnotrequirethecoordinationofactivitiesandflowsthatdonotextendacrossboundaries.a.Trueb.FalseANSWER:FalseDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:114.AccordingtoPorter,afirm’svaluechainiscomposedofprimaryandsupportactivitiesthatcanleadtocompetitiveadvantagewhenconfiguredproperly.a.Trueb.FalseANSWER:TrueDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:2

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage415.Purchasingisbecominglessresponsibleforsourcingindirectgoodsandservicesrequiredbyinternalgroups.a.Trueb.FalseANSWER:FalseDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:216.Distributionmanagementinvolvesthemanagementofpackaging,storing,andhandlingofmaterialsatreceivingdocks,warehouses,andretailoutlets.a.Trueb.FalseANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:317.Today’semphasisonsupplierqualityhasshiftedfromdetectingdefectsatthetimeofreceiptorusetopreventionearlyinthematerials-sourcingprocess.a.Trueb.FalseANSWER:TrueDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:318.Thekeytothesuccessofanycompanyisthequalityofitsemployees.a.Trueb.FalseANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:419.Costmanagementisnolongeranintegralpartofpurchasingandsupplychainmanagement.a.Trueb.FalseANSWER:FalseDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:Analytic

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage5NOTES:420.Formalorganizationalchartsportraytheentiretyoftheworkingsofanorganization.a.Trueb.FalseANSWER:FalseDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:421.Thereisadefinitiveandprescriptivesetofsupplychainmeasuresthatresultinonebestwaytomeasuresupplychainperformance.a.Trueb.FalseANSWER:FalseDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:422.InPeriod4oftheevolutionofpurchasingandsupplychainmanagement,firmsfacedstablecompetitionandhadaccesstoabundantmaterial–conditionsthathistoricallyhavediminishedtheoverallimportanceofpurchasing.a.Trueb.FalseANSWER:TrueDIFFICULTY:ModerateKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:5MultipleChoice23.Whichofthefollowingisnotoneofthefeaturesofthenewmodelofprogressivepurchasing?a.Developingcloserrelationshipswithimportantsuppliers.b.Performingduediligenceonsuppliersbeforeawardinglonger-termcontracts.c.Focusingprimarilyonpriceanalysisandshorttermcontracts.d.ConductingworldwideInternetsearchesforthebestsourcesofsupply.e.Invitingkeysupplierstoparticipateinproductandprocessdevelopment.ANSWER:cDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:1

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage624.Whichofthefollowingisnotoneofthefactorsdrivinganemphasisonsupplychainmanagement?a.Anincreasingemphasisondomesticsourcingduetothelongerleadtimesandhigherlevelsofpipelineinventoriesassociatedwithglobalsourcing.b.Thecostandavailabilityofinformationresourcesamongentitiesinthesupplychainthatalloweasylinkagesthateliminatetimedelaysinthenetwork.c.Thelevelofcompetitioninbothdomesticandinternationalmarketsrequiresorganizationstobefast,agile,andflexible.d.Customerexpectationsandrequirementsthatarebecomingmuchmoredemanding.e.Theabilityofanorganization’ssupplychaintoidentifyandmitigateriskminimizesdisruptionsinbothsupplyanddownstreamproductorservicestomitigatetheimpactonlostsales.ANSWER:aDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:125._____isafunctionalgroup(i.e.,aformalentityontheorganizationalchartaswellasafunctionalactivity(i.e.,buyinggoodsandservices).a.Engineeringb.Purchasingc.Qualityassuranced.Logisticse.TreasuryoperationsANSWER:bDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:126.The_____isachangeindex,andgenerallyaratingover50indicatesthattheeconomyisexpanding.a.ConsumerPriceIndexb.ProducerPriceIndexc.ISMReportonBusinessd.rateofinflatione.Noneoftheabove.ANSWER:cDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:127.AccordingtotheInstituteforSupplyManagement,_____istheidentification,acquisition,access,positioning,andmanagementofresourcesandrelatedcapabilitiesanorganizationneedsorpotentiallyneedsintheattainmentofitsstrategicobjectives.a.supplychainmanagementb.procurement

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage7c.logisticsd.supplymanagemente.distributionANSWER:dDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:128.Insteadofadversarialrelationshipswhichcharacterize_____,_____featuresalong-term,win-winrelationshipbetweenabuyingcompanyandspeciallyselectedsuppliers.a.traditionalpurchasing….supplymanagementb.traditionalpurchasing….logisticsmanagementc.supplymanagement….traditionalpurchasingd.strategicsourcing….supplymanagemente.supplychainmanagement….strategicsourcingANSWER:aDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:129.A_____isasetofthreeormoreorganizationslinkeddirectlybyoneormoreoftheupstreamordownstreamflowsofproducts,services,finances,andinformationfromasourcetoacustomer.a.processb.manufacturingsystemc.valuechaind.socialmediachaine.supplychainANSWER:eDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:230.Allofthefollowingaretypicalprocessesinvolvedinsupplychainmanagementexcept_____.a.new-productdevelopmentb.customer-orderfulfillmentc.supplierevaluationandselectiond.demandandsupplyplanninge.cashflowmanagementANSWER:eDIFFICULTY:EasyKEYWORDS:Bloom’s:Remembering

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage8OTHER:AnalyticNOTES:231.AccordingtoMichaelPorter,afirm’s_____iscomposedofprimaryandsecondarysupportactivitiesthatcanleadtocompetitiveadvantagewhenconfiguredproperly.a.supplychainb.processc.valuechaind.marketingchannele.corecompetencyANSWER:cDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:232.The_____statesthatsuccessisafunctionofeffectivelymanagingalinkedgroupoffirmspastfirst-levelsuppliersorcustomers.a.supplychainorientationb.valuechainconceptc.traditionalpurchasingperspectived.extendedenterpriseconcepte.processorientationANSWER:dDIFFICULTY:ModerateKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:233._____arethoseitemsprovidedbysuppliersanduseddirectlyduringproductionorservicedelivery.a.Directmaterialsb.Indirectmaterialsc.Indirectservicesd.Internalmaterialse.VendormanagedinventoriesANSWER:aDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:234.Whichofthefollowingisanexampleofapurchaseddirectitemforamanufacturingfirm?a.Partsandcomponents.b.Travel.c.Officeandjanitorialsupplies.

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage9d.Advertisingandmedia.e.Personalcomputers.ANSWER:aDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:335.Withinthedownstreamportionofasupplychain,_____areresponsiblefortheactualmovementofmaterialsbetweenlocations.a.buyersb.truckingfirmsc.logisticsmanagersd.accountantse.purchasingmanagersANSWER:cDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:336.Whichofthefollowingisnotanexampleofatypicalresourcesharedbetweenabuyerandsupplier?a.Dedicatedcapacity.b.Specificinformation.c.Technologicalcapabilities.d.Directfinancialsupport.e.Advertisingandmedia.ANSWER:eDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:337.Allofthefollowingareexamplesofdemandplanningactivitiesexcept_____.a.forecastsofanticipateddemandb.accountspayablec.inventoryadjustmentsd.orderstakenbutnotfillede.sparepartsandaftermarketrequirementsANSWER:bDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:3

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage1038._____schedulesthefirm’soutput;while_____istheprocessoftakingdemanddataanddevelopingasupply,production,andlogisticsnetworkcapableofsatisfyingdemandrequirements.a.Inventorycontrol….qualitycontrolb.Qualitycontrol….supplyplanningc.Orderprocessing….materialcontrold.Demandplanning….customerservicee.Demandplanning….supplyplanningANSWER:eDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:339._____involvesgeneratingthematerialsrelease,contactingasupplierdirectlyconcerningchanges,andmonitoringthestatusofinboundshipments.a.Orderprocessingb.Materialcontrolc.Warehousingd.Customerservicee.QualitycontrolANSWER:bDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:340._____helpsensurethatcustomersreceivematerialwhenandwheretheyrequireitandrepresentsthekeylinkbetweentheproducerandtheexternalcustomer.a.Orderprocessingb.Inboundtransportationc.Customerserviced.Schedulinge.InventorycontrolANSWER:aDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:341.The_____activityinvolvesphysicallygettingaproductreadyfordistributiontothecustomer.a.customerserviceb.materialcontrolc.materialshandlingd.qualitycontrole.shipping

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage11ANSWER:eDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:342.Whichofthefollowingisnotoneofthefourenablersofpurchasingandsupplychainmanagement?a.Sufficientcashflowandlargeon-handcashdeposits.b.Capablehumanresources.c.Properorganizationaldesign.d.Real-timecollaborativetechnologycapabilities.e.Rightmeasuresandmeasurementsystems.ANSWER:aDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:443.Recentresearchindicatesthatallofthefollowingaretopknowledgeareasforpurchasersexcept_____.a.supplierrelationshipmanagementb.totalcostanalysisc.supplieranalysisd.consumerbehaviore.competitivemarketanalysisANSWER:dDIFFICULTY:ModerateKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:444._____referstotheprocessofassessingandselectingthestructureandformalsystemofcommunication,divisionoflabor,coordination,control,authority,andresponsibilityrequiredtoachieveorganizationalgoalsandobjectives,includingsupplychainobjectives.a.Supplychainorientationb.Humanresourcemanagementc.Demandplanningd.Organizationaldesigne.ExtendedvaluechainANSWER:dDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:445._____seekstoimproveforecastaccuracy,optimizeproductionscheduling,reduceworkingcapitalcosts,shorten

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Chapter1--IntroductiontoPurchasingandSupplyChainManagementCengageLearningTesting,PoweredbyCogneroPage12cycletimes,cuttransportationcosts,andimprovecustomerservice;while_____helpsobtainmaterialsandmanagephysicalflowsfromsuppliersthroughdownstreamdistributiontoensurethatcustomersreceivetherightproductsattherightlocation,time,andcost.a.RFID….GPSb.Executionsoftware….planningsoftwarec.Customerservice….inboundtransportationd.Theprocessapproach….costmanagemente.Planningsoftware….executionsoftwareANSWER:eDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:446.Allofthefollowingareroadblocksbetweenmeasurementandimprovedperformanceexcept_____.a.up-to-dateinformationtechnologyb.toomanymetricsc.debateoverthecorrectmetricsd.constantlychangingmetricse.olddataANSWER:aDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:4

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Chapter2--ThePurchasingProcessCengageLearningTesting,PoweredbyCogneroPage1True/False1.Enterprisesarerelyingincreasinglyonexternalsupplierstoprovideonlymaterialsandproducts,notinformationtechnology,services,anddesignactivities.a.Trueb.FalseANSWER:FalseDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:12.Theobjectivesofaworld-classpurchasingorganizationdonotneedtoevolvebeyondthetraditionalmantraofensuringwe“getagoodprice!”a.Trueb.FalseANSWER:FalseDIFFICULTY:EasyKEYWORDS:Bloom’s:RememberingOTHER:AnalyticNOTES:13.Organizationsareconstantlylookingforpeoplewhohavedevelopedtheskillsnecessarytodealwiththenarrowvarietyoftasksfacedbypurchasing.a.Trueb.FalseANSWER:FalseDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:14.Ifasupplier’scomponentsaredefectiveandcausingproblemsformanufacturing,thenpurchasingmustfindwaystoimprovesupplierquality.a.Trueb.FalseANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:15.Purchasingcandirectlyaffect(positivelyornegatively)thelong-termgrowth,revenue,andoperatingoutcomesandplansofstakeholdersandbusinessunits.a.Trueb.False

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Chapter2--ThePurchasingProcessCengageLearningTesting,PoweredbyCogneroPage2ANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:16.Theauthoritytoreviewandchallengespecifications(forproductsorforservices)iswithinpurchasing’sspanofcontrolinmanagingdemand,althoughinternalstakeholderssometimesdisputethisright.a.Trueb.FalseANSWER:TrueDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:27.Purchasing’srighttoevaluateandselectsuppliersmeansthatsalesrepresentativesarenotallowedtotalkwithnon-purchasingpersonnel.a.Trueb.FalseANSWER:FalseDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:28.Contractmanagementshouldbeusedtotriggerproactivesourcingeventsonlyafteracontractexpires.a.Trueb.FalseANSWER:FalseDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:29.Whencreatingaforecastforaneededproductorservice,internalcustomersmaynotalwaysbeabletoexpressexactlywhatitistheywillneedatafuturepointintime.a.Trueb.FalseANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:2

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Chapter2--ThePurchasingProcessCengageLearningTesting,PoweredbyCogneroPage310.Forroutine,off-the-shelfitems,thepurchaserequisitionmaycontainalltheinformationthatpurchasingrequires.a.Trueb.FalseANSWER:TrueDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:211.Whenpurchasingworksdirectlywithinternalstakeholderstoanticipatefuturerequirements,suchasduringnew-productdevelopment,orwithphysiciancouncilsinahealthcareprovider,purchasingisactingreactively.a.Trueb.FalseANSWER:FalseDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:212.Theprocessthatbuyersusetoselectsuppliersdoesnotvarywidelydependingontherequireditemandtherelationshipthatabuyerhaswithitssuppliers.a.Trueb.FalseANSWER:FalseDIFFICULTY:EasyKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:313.Buyersusecompetitivebiddingwhenpriceisaminorcriteriaandtherequireditem(orservice)hascomplexmaterialspecifications.a.Trueb.FalseANSWER:FalseDIFFICULTY:ModerateKEYWORDS:Bloom’s:UnderstandingOTHER:AnalyticNOTES:314.Forstandarditems,thenegotiationprocessisanefficientmethodtopurchaserelativelystraightforwardrequirements.a.Trueb.FalseANSWER:FalseDIFFICULTY:ModerateKEYWORDS:Bloom’s:Remembering

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