Very few organizations use distributors to provide at least some portion of their
inventory requirements, particularly maintenance, repair, and operating supplies.
a. True
b. False
All of the following are phases in the benchmarking process except _____.
a. planning
b. analysis
c. integration
d. maturity
e. total cost analysis
_____ is ready access to relevant and useful information and relies on trying to
influence the other party through the cogent presentation of facts, data, information, and
persuasive arguments.
a. Information power
b. Reward power
c. Coercive power
d. Legitimate power
e. Referent power
A _____ is one that consistently satisfies the performance and service standards defined
by the buyer and responds to unexpected changes.
a. certified supplier
b. sole source supplier
c. partnered supplier
d. preferred supplier
e. disqualified supplier.
According to the Institute for Supply Management, _____ is the identification,
acquisition, access, positioning, and management of resources and related capabilities
an organization needs or potentially needs in the attainment of its strategic objectives.
a. supply chain management
b. procurement
c. logistics
d. supply management
e. distribution
All aspects of performance lend themselves to quantitative measurement.
a. True
b. False
Performance-based logistics has been widely adopted by the private sector.
a. True
b. False
In general, low-value generics in which a competitive market with many potential
suppliers exists should emphasize total delivered price.
a. True
b. False
All of the following are reasons for suppliers preferring long-term contracts except
_____.
a. the supplier receives better scheduling information, which in turn helps the suppliers
production area improve efficiency and materials planning
b. detailed projections of volumes and delivery dates allow the supplier to better budget
the flow of funds and investment stemming from the expectation of continued future
volume
c. the suppliers organization lowers unit costs because fixed costs are spread out over
the term of the contract
d. the supplier can afford to pay its workforce higher wages to increase productivity
e. the supplier can realize lower administrative costs over the term of the contract.
In order for a firm to recover lost profits in a breach of contract, the firm must produce
credible evidence that it would have made such profits.
a. True
b. False
In [the] _____, a court refers a pending lawsuit between the parties to a private, neutral
party who conducts a trial as though it were conducted in a real court.
a. mediation
b. mini trial
c. dispute prevention
d. arbitration
e. rent-a-judge
Use of a _____ is most advantageous where geographic concentration exists within a
company.
a. regional buying group
b. business unit leader
c. corporate purchasing council
d. corporate steering committee
e. None of the above.
Which of the following is not a key part of a projects scope?
a. Project deliverables.
b. Milestones and guidelines.
c. Service providers background and experience.
d. Budget.
e. Rewards and penalties.