_____ relates to a commercial purchase transaction between a buyer and a supplier
located in different countries.
a. International purchasing
b. Re-shoring
c. Global sourcing
d. Nearshoring
e. None of the above.
On _____, the freight bill is presented on the effective day of delivery.
a. prepaid shipments
b. FOB origin shipments
c. FOB destination shipments
d. collect shipments
e. all shipments, regardless of terms
A willingness to offer large concessions is always in the best interests of a buyer.
a. True
b. False
The supply chain organization of the future will rely much more on hierarchical and
functional boundaries.
a. True
b. False
Which of the following is not one of the examples of Porters threat of substitute
products and services?
a. Relative performance of substitutes.
b. Relative price of substitutes.
c. Switching costs.
d. Buyer propensity to substitute.
e. Economies of scale.
One of the most important objectives of the purchasing function is the selection,
development, and maintenance of suppliers, a process that is sometimes described as
_____.
a. supplier performance management
b. category management
c. customer service
d. procure-to-pay
e. maverick buying
Inbound logistics may also include the shipment of repairable items back to
maintenance facilities for refurbishment and return to usable or salable condition.
a. True
b. False
In setting target prices and target costs, the new-product development team should bear
in mind the cardinal rule of target costing: the target cost can never be violated.
a. True
b. False
Few international shipments of merchandise require insurance coverage.
a. True
b. False
Which of the following is not one of the primary drivers of new e-SCM systems?
a. Lean supply.
b. Globalization and communication.
c. Internal and external strategic integration.
d. New business processes.
e. Replacement of legacy systems.
Although _____ provides optimum leverage and power over the supplier, _____
provides improved assurance of supply.
a. multiple sourcing¦.single sourcing
b. single sourcing¦.multiple sourcing
c. sole sourcing¦.single sourcing
d. multiple sourcing¦.sole sourcing
e. There is no difference in the number of suppliers for these benefits.
A _____ details any shipping or receiving discrepancies noted by the receiving
department.
a. receiving discrepancy report
b. bill of lading
c. material packing slip
d. change notice
e. RFP
In _____, the parties work closely together to identify new and creative ways to expand
available resources or generate new value obtained through a negotiated agreement.
a. logroll
b. use non-specific compensation
c. cut the costs for compliance
d. expand the pie
e. find a bridge solution
If learning occurs at a supplier during the performance of a purchase contract, and the
buyer does not take that into account, then the supplier will not reap the financial
benefits that result from learning.
a. True
b. False
_____ occurs when a firm physically builds a plant in another country or provides a
service, equipment, or technology to support the plant; the firm then agrees to take a
portion of the plants output as payment.
a. Switch trading
b. Buy-back
c. Offset
d. Counterpurchase
e. Barter
Management can exert subtle control over a teams tasks through all of the following
except _____.
a. authorizing the creation of the sourcing team
b. selecting the teams task
c. selecting the team leader and members
d. conducting performance reviews and holding teams accountable for performance
outcomes
e. sitting in on all team meetings