Which of the following is not one of the wrong reasons for investing in inventory?
a. Poor quality and material yield.
b. Extended order-cycle times from global sourcing.
c. Hedge against marketplace uncertainty.
d. Specifying custom items for standard applications.
e. Inefficient manufacturing processes.
A _____ is controlled by buyers and is tied into their intranets and extra-nets.
a. vertical portal
b. horizontal portal
c. third-party marketplace
d. sell-side system
e. buy-side system
Non-value-adding actions and resources are those actions in a process that must be done
to make the product but create no value for the customer.
a. True
b. False
A/An _____ is an item or topic to be resolved during the negotiation.
a. BATNA
b. issue
c. interest
d. position
e. fact
_____ is money the plaintiff was hoping to gain from the contract.
a. Reliance
b. Restitution
c. Restitution
d. Expectancy
e. None of the above.
All of the following are examples of the reliable and timely information required for
successful global sourcing except _____.
a. a listing of existing contracts and suppliers
b. reports on supplier capabilities and performance
c. worldwide volumes by purchase type and location
d. information about potential new suppliers
e. truck traffic patterns around the suppliers facility
Responsibility for concealed damage is often simple and easy to detect.
a. True
b. False
Suppliers of multiple indirect items can often have multiple ship-to and bill-to
addresses, resulting in numerous codes being assigned to the same supplier for each
item.
a. True
b. False
The _____, which the supplier provides, details the contents of a shipment and contains
the description and quantity of the items in a shipment.
a. material packing slip
b. purchase requisition
c. bill of lading
d. electronic funds transfer
e. request for quotation
ISO 14000:2004 does not build on existing governmental regulations, establish
emissions and pollution levels, or detail any specific testing methods.
a. True
b. False
Anything less than perfect quality leads to waste.
a. True
b. False
Growth in international trade has increased the amount of freight moving on
oceangoing vessels.
a. True
b. False
Which of the following is not an example of a typical resource shared between a buyer
and supplier?
a. Dedicated capacity.
b. Specific information.
c. Technological capabilities.
d. Direct financial support.
e. Advertising and media.
Detailed short- and long-term purchasing plans are required for items subject to
technological, economic, or political change.
a. True
b. False
Which of the following is not a commonly accepted source of information regarding
potential supply sources?
a. Current suppliers.
b. Sales representatives.
c. Television advertising.
d. Organizational knowledge.
e. Second-party or indirect information.
Few measures include a standard or target against which to evaluate performance
results or outcomes.
a. True
b. False
Most companies spend too much time and too many resources managing the ordering of
goods and services, particularly lower-value items.
a. True
b. False