Managing Supply Chain Study Set 1

Business

Quiz 7 :
Supplier Management

Quiz 7 :
Supplier Management

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Which is the first step in the supplier management process?
Free
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A

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Which is the last step in the supplier management process?
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Answer:

D

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What kind of supplier relationship is recommended when the item is a critical item and supply risk is high?
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C

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What kind of supplier relationship is recommended when the item is a non-critical item and the importance of technology is low?
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The first step in the supplier management process is to select the supplier.
True False
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When precision in the final product is not important,the supply manager is most likely to use simple specifications in the procurement of the product.
True False
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When it is important that all items of the product being procured are precisely the same,the supply manager is most likely to use simple specifications in the procurement of the product.
True False
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A complex specification for the product being procured is called the scope of work.
True False
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A transactional relationship with the supplier is usually recommended for the procurement of a critical item.
True False
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A collaborative relationship with the supplier is usually recommended for the procurement of an item for which the supply risk is high.
True False
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Switching costs are usually high in collaborative supplier relationships.
True False
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The first step in the supplier management process is to ________.
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Documentation that tells buyers what to buy and the suppliers what is required of them is known as ________.
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A description that details the exact quantities of all purchased raw materials and the precise manner in which an item should be made is known as ________.
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A specification for services is known as ________.
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The kind of supplier relationship that is usually recommended when the item is a critical item and supply risk is high is a ________ relationship.
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The kind of supplier relationship that is usually recommended when the item is a non-critical item and the importance of technology is low is a ________ relationship.
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The type of relationship in which the buyer and supplier remain independent,with little integration of business processes is known as a(n)________ relationship.
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The type of relationship in which the buyer and supplier work together sharing information,knowledge and expertise integrating their business processes is known as a ________ relationship.
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The table below contains a list of four companies that have been rated (on a 1 to 5 scale)on three weighted performance factors.What is the score for Phoenix? img
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