Supply Chain Sourcing Quiz Answer. In this post you will get Quiz & Assignment Answer Of Supply Chain Sourcing
Supply Chain Sourcing Quiz
Offered By ”Rutgers the State University of New Jersey”
Week- 1
Purchasing and Procurement
1.
Question 1
What are the two major objectives in industrial purchasing? Select two of the four below that apply the best.
1 point
- Reduce Purchasing Cost
- Agility
- Ensure Continuity of Supply
- Flexibility
2.
Question 2
What are the five things that a purchasing agent must accomplish in the purchasing cycle? Select all that apply.
1 point
- Processing purchase orders
- Receiving and monitoring advance shipping notices.
- Confirming receipt of goods.
- Processing invoices.
- Paying suppliers.
3.
Question 3
Name the 12 things that purchasing must get right.
1 point
What do you think?
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4.
Question 4
A procurement department’s value add is that it _______________________ between the firm and its suppliers.
1 point
- interfaces
- mediates
- negotiates
- manages all relationships
5.
Question 5
Most organizations view the procurement department as
critical to what?
1 point
- Saving money
- Issuing Purchase Orders
- Getting the lowest price regardless of other considerations.
- Managing costs
6.
Question 6
Procurement affects the sustainability of the firm, by focusing on several areas (select all that apply):
1 point
- Social Concerns
- Environmental Concerns
- Economic Concerns
7.
Question 7
What steps are required to establish a Supply Management Initiative? Select all that apply.
1 point
- Classify all purchased goods and services
- Analyze the supply market
- Determine strategic supply position
- Develop materials, strategies & action plans
8.
Question 8
What characterizes Strategic Suppliers? Select all that apply.
1 point
- Using innovation to drive additional sales
- Long-term relationships – true partnerships.
- Focus on a win-win (rather than continuous cost
cutting). - Integration as a means of risk mitigation
9.
Question 9
What characterizes Bottleneck suppliers? Select all that apply.
1 point
- Cost cutting through aggressive negotiation.
- Supply assurance is critical.
- Set up tight control mechanisms of vendors.
- Risk diversification through multiple suppliers.
10.
Question 10
What characterizes Leverage suppliers? Select all that apply.
1 point
- Use purchasing power to obtain concession.
- Using innovation to drive additional sales.
- Risk diversification.
- Aggressive negotiations.
11.
Question 11
How would you characterize Routine suppliers? Select all that apply.
1 point
- Set up tight control mechanisms of vendors.
- Simplify the process.
- Aggressive negotiations.
- Reduce complexity.
12.
Question 12
What is the definition of co-creation of value?
1 point
- The mutual and collaborative creation of a product that delivers value beyond the actual item.
- Having multiple entities join to develop a product.
- Outsourcing work to the customer.
13.
Question 13
How do you create a win-win situation with a strategic supplier? Select all that apply.
1 point
- Assume that there is no end to the relationship.
- Refocus what is important to each side.
- Take on each other’s interest
Week- 2
Peer-graded Assignment: Review an Outsourcing Decision
Week- 3
Peer-graded Assignment: How Sourcing affects the Company
Week- 4
Peer-graded Assignment: Supplier Evaluation Assessment