Allowing for organizational restructuring is an example of which of the following steps in creating successful strategic alliances among suppliers?

A.

Managing multifaceted relationships

B.

Negotiating a win-win deal

C.

Planning for change

D.

Conducting pulse checks

What are the steps in the supplier relationship process?

A.

Measure, fulfill, document, model

B.

Source, document, manage

C.

Measure, procure, fulfill, model

D.

Source, procure, fulfill, manage

An effective procurement strategy for commodity products should focus on:

A.

driving down cost and reducing risk.

B.

spreading purchases equally across suppliers.

C.

selecting primary and alternate sources.

D.

selecting suppliers with value-added products

Implementation of supply chain applications based on which of the following technologies is
most likely to have the lowest fixed costs?

A.

Best of breed packages

B.

One integrated package

C.

Service-oriented architecture

D.

Software-as-a-service

A company's product cannot be sold beyond 12 months from the date of manufacture. The
product contains hazardous material and must be returned to the factory to be neutralized.
This situation is an example of product:

A.

reuse.

B.

remanufacturing.

C.

recovery.

D.

refurbishing

The mission of the global reporting initiative (GRI) is to provide a:

A.

comparison of key metrics for companies in the same industries across the globe.

B.

feasible business plan that can be shown to global potential investors.

C.

trusted and credible framework for reports regarding sustainability practices.

D.

transparent collaboration between non-profit organizations and governments.

Benchmarking a firm's performance against industry competitors is most valuable because
it can reveal:

A.

a competitor's manufacturing processes.

B.

a firm's leadership ranking relative to industry peers.

C.

which processes require improvement.

D.

that no further improvement is possible

Potential customers of a company's new product have tight tolerance requirements. The
company plans to purchase a critical component. To meet customer requirements, the
company should first:

A.

implement statistical process control for the component.

B.

bring manufacturing of the critical component in-house.

C.

develop an alternate source of supply.

D.

certify the supplier of the component

A company originally based in Germany sets up companies in India, China, Vietnam,
Mexico, and Brazil. It sources most of the raw materials locally and employs the local
workforce to manage and produce finished goods. Most of the goods produced are
consumed in the same country. The company can be classified as what type of enterprise?

A.

Globally integrated

B.

Domestic

C.

Multinational

D.

Virtual

Customizing can be an effective warehousing strategy because it allows a company to:

A.

allocate available storage space to optimize handling costs.

B.

address trade-offs between space and material handling needs.

C.

effectively design its inbound and outbound dock areas.

D.

add value to the product through modification, labeling, and packaging