A) (1) How can we simultaneously provide uninterrupted supply and minimize inventory? (2) How can we improve quality while reducing our supply base? and, (3) How can we increase our involvement in outsourcing decisions?
B) (1) What is the effective interpretation of corporate objectives and supply objectives? (2) What is the appropriate action plan or strategy to achieve the desired objectives? and, (3) How can supply issues be identified and integrated into organizational objectives and strategies?
C) (1) Should we have a centralized or decentralized purchasing structure? (2) Should we hire managers trained in supply management or in technical fields? and, (3) Should we outsource any or all of the purchasing function?
D) (1) Should we pre-certify suppliers? (2) Should we allow internal users to purchase certain categories of purchases? and, (3) Should we increase or decrease the number of suppliers in our supply base?
E) (1) How many suppliers should we do business with? (2) Which suppliers should we select? and, (3) What type of relationship should we have with these suppliers?
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A) an action plan to maximize rewards in the current period in return for big risks.
B) a procedure for allocating resources among functions in the organization.
C) an action plan to achieve specific long-term goals and objectives.
D) an action plan to achieve specific operational and tactical goals.
E) a vision of the future of an organization.
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C
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A) "it is the process,not the people."
B) "quality is free."
C) "conformance to specification."
D) "do it right the first time."
E) "six sigma."
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A) supplier relationship management.
B) strategic sourcing.
C) supplier network management.
D) supply chain management.
E) strategic supply management.
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E
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A) environmental change strategies.
B) change management strategies.
C) total cost strategies.
D) internal management strategies.
E) supply assurance strategies.
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A
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A) make or buy.
B) size of inventories.
C) insource or outsource.
D) systems and processes.
E) level of quality.
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A) assurance-of-supply strategies.
B) risk-management strategies.
C) cost-reduction strategies.
D) environmental-change strategies.
E) supply chain support strategies.
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A) what to make or buy.
B) when to buy.
C) how much to buy.
D) how it should be ordered.
E) what to make or buy,when to buy,how much to buy and how it should be ordered.
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A) marketing,management,finance,and operations.
B) leadership,market share,earnings per share,and return on investment.
C) survival,growth,financial,and sustainability.
D) profitability,return on investment,liquidity,and shareholder value.
E) growth,maintenance,new products,and asset management.
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A) identify and classify risks,assess possible impact,develop a mitigation strategy,inform the chief supply officer,await instructions,and implement the directive.
B) seek input from other functional areas,compile the ideas,and submit them to senior management.
C) review the existing risk mitigation plan,suggest revisions,and await instructions.
D) confer with relevant parties,provide requested data,and implement senior management's mitigation strategy.
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Correct Answer
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