There is only one common approach to supply base rationalization and optimization.
a. True
b. False
The complexity and value of a required purchase does not influence the extent to which
a buyer evaluates potential supply sources.
a. True
b. False
In _____, the parties identify more than one issue where disagreement exists and then
agree to trade off these issues so that each party has one of its top-priority issues
satisfied.
a. use non-specific compensation
b. cut the costs for compliance
c. expand the pie
d. find a bridge solution
e. logroll
_____ involves professionally managing suppliers and developing close working
relationships with different internal groups.
a. Purposeful cooperation
b. Program management
c. Credible commitment
d. Supply integration
e. Relationship management
Perhaps the greatest benefit of team interaction is that once a team makes a decision,
implementing the decision often becomes easier due to group buy-in.
a. True
b. False
A _____ has had its quality systems extensively audited by the buying firm and are
capable of consistently meeting or exceeding the buyers quality needs.
a. certified supplier
b. disqualified supplier
c. single source supplier
d. partnered supplier
e. None of the above.
Which of the following is not true in regards to low-cost country sourcing?
a. Low-cost country sourcing can be used to access new markets or to gain access to the
same suppliers that are helping global companies become more competitive.
b. Although there has been a strong push to source from emerging BRIC countries in
search of lower costs, there has also been a strong push toward sourcing in these
countries because of local content requirements established by governments in these
areas.
c. Global sourcing is an opportunity to gain exposure to product and process
technology, increase the number of available sources, satisfy countertrade requirements,
and establish a presence in foreign markets.
d. Some buyers source globally to introduce competition to domestic suppliers.
e. Firms are highly experienced with global business processes and practices, and there
are many personnel qualified to develop and negotiate with global suppliers or manage
material pipelines.
A breach of contract may entitle the offended party to certain remedies or damages.
a. True
b. False
To remain current registration, ISO 9001:2008 registration must be accomplished every
_____.
a. 10 years
b. 5 years
c. 2 years
d. 3 years
e. There is no expiration date for ISO 9001:2008 registration.
In _____, one party achieves his or her objective on an issue, whereas the other receives
something else of value as a reward for going along.
a. use nonspecific compensation
b. logroll
c. expand the pie
d. find a bridge solution
e. cut the costs for compliance
A _____ is responsible for understanding in depth entire families or groups of
purchased goods and services.
a. third party
b. general buyer
c. preferred supplier
d. long-term buyer-supplier relationship
e. commodity team