IBM1003-24F Mid Term Review

Outsourcing is:

Supply contributes to organizational risk management since many supply decisions have downside risks that might impact

The size and activities of the supply function in a single business unit organization will depend on:

What is it called when Supply Chain can contribute to the finicial health of a company?

In the outsourcing decisions in many organizations, supply has had:

Supply’s contribution to the organization’s competitive position depends on its ability to:

Information systems technology can:

A RFQ should be used for all scenerios.

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A centralized supply structure is designed to:

The actions of supply managers may impact the organization’s reputation negatively or positively.

Standard form for requesting pricing information from a Supplier:

Even if products, services and processes are standardized it will probably not lower total cost of ownership.

Supply Chain should take the lead on insourcing and outsourcing:

When developing strategies related to “how to buy,” decisions must be made about:

The actions of supply managers may impact the organization’s reputation negatively or positively. 

Linking supply strategy to corporate strategy is:

High-performing cross-functional supply teams:

A zero defects quality strategy emphasizes:

In manufacturing organizations, the dollars spent with suppliers fall into what range as a percent of revenues?

The use of the concepts of procurement, supply, and supply chain management will vary from organization to organization.

Make or buy and insourcing or outsourcing decisions are:

If a task or function currently produced by a company employees is a core competency, the team will probably recommend

Bonus: The Professors favor saying:

A successful supply chain management strategy integrates:

Performance of the supply management function can be viewed in two contexts:

The three options for soliciting business from potential suppliers are:

Efficient and effective supply processes are needed because of:

One of the most fundamental and critical decisions in any organization is, should we:

Noncore competencies of an organization are typically:

Most organizations favor a centralized structure;

The degree of purchasing centralization is reflected by:

Alaska is a part of NAFTA

Strategy is also know as a plan.

Supply can provide an uninterrupted flow of materials, supplies and services by:

Normally, most organizational objectives can be summarized as:

Supply management has evolved from a process-oriented, strategic function to a transaction-based, tactical function.

Supply can influence risk management in which area(s)?

Reducing prices for goods & services is the best way to accomplish supply objectives at the lowest total operating cost.

If organizational objectives and supply objectives are incongruent it will be:

Electronic data interchange (EDI) provides:

When a specification is widely known, commonly recognized and readily available to every buyer, it is called a:

Supply has the potential to contribute to:

Company image may be directly influenced by:

Supply has the potential to contribute to:

Supply strategies made to anticipate & recognize shifts in the economy, organization, people, legal, are:

Supply decisions effect:

The logistics activities most frequently outsourced are:

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Radio frequency identification (RFID) will: