Which of the following is not usually a relatively strong criteria on which to base a supplier selection? A. Financial strength B. Technical knowledge C. Ownership structure D. Reputation
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Which of the following is not usually a relatively strong criteria on which to base a supplier selection?
| A. |
Financial strength |
|
| B. |
Technical knowledge |
|
| C. |
Ownership structure |
|
| D. |
Reputation |
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- Which of these situations is likely to cause high bargaining power of suppliers? a.A few large suppliers dominate the market supply b.Many alternative sources of supply c.Resource inputs are not essential to product quality d. Many customers with low brand loyaltyA document used to solicit bids from interested and qualified suppliers for goods and services that the organization needs to obtain is called a “rfp” request for approval, true or false?The traditional supplier evaluation criteria are: O quality, quantity, delivery, price and service. quality, quantity, delivery, price and sustainability. Oprice, quality and delivery. O price, quality, delivery and sustainability. Oprice and quality.
- The decision to place a certain volume of business with a supplier does not have to be based on sound set of criteria/ True FalseWhich of the following does NOT call for supplier involvement? Group of answer choices A) All of the choices require some level of supplier involvement. B) New product development C) Just-in-time production d) Quality management.6. If the product is integral and the company has the knowledge but depends for the supplier capacity. Which of the following statement is correct: A. The company will face risks if it outsources this product. B. The company need to increase its capacity to produce the product. C. The company might benefit from outsourcing the product. D. The company should have a strategic partnership with the supplier. E. None of the above 7. Which of the following(s) contract(s) the buyer agrees to pay some agreed upon price for any unit produced by the manufacturer but not purchased by the buyer. A. Revenue sharing contract B. Buy back contract C. Quantity flexibility contract D. Pay back contract 8. Referring to the maturity model, the level of integration where buyers and suppliers have joint planning and forecast is: A. Ad Hoc. B. Defined. C. Linked. D. Integrated. E. Extended.
- 9.When the supplier provides only what is needed when it is needed this is known as O a. Independent need fulfillment. O b. Customer intention development O c. Vast supply chain process. O d. Vendor managed inventoryWhich of the following activities are required in the pre-award phase of the procurement process? a. Expediting, reviewing progress and processes b. Reviewing quotations, gaining authorization and placing orders c. Identification and description of the needs d. Assessing supplier performance and checking invoice details if required.Supplier selection requires:a) supplier evaluation and effective third-party logistics.b) supplier development and logistics.c) negotiations, supplier evaluation, supplier development, and contracts.d) an integrated supply chain.e) inventory and supply chain management
- Distinguish between supplier audits and supplier scorecards.When should each be used?Develop a list of topics that nonpurchasing personnel should be allowed to talk about with their counterparts at suppliers. Develope a list of topics that only purchasing should be allowed to talk about with suppliers.Concerns of suppliers when moving to SupplierPartnerships include:a) small lots sometimes seeming economicallyprohibitive.b) realistic quality demands.c) changes without adequate lead time.d) erratic schedules.e) all of the above.