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Exam 16: Global Sourcing and Procurement

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Question 41

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A firm that controls most of the activities in its supply chain is said to be vertically integrated.

A) True
B) False

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Question 42

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Inventory turn values that are considered good differ by industry and the type of products being handled.

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B) False

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Question 43

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Green sourcing requires incorporating new criteria for evaluating alternatives.

If inventory turnover is 20 and cost of goods sold is $100,000, what is the average aggregate inventory value? _______________________

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000, which of the following is inventory turnover?

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for innovative products with an evolving supply process is called which of the following?

What is the effect of the lack of synchronization among supply chain members called? ________________________

Overemphasis on purchase price frequently results in failure to address other significant costs.

Ownership costs are incurred after the initial purchase and are associated with the ongoing use of the product or material.Which of the following is not an ownership cost listed in the text?

Which of the following is not an improvement-driven reason to outsource?

Name the four types of supply chain in Hau Lee's uncertainty framework for classifying supply chains.(1) ________________________ (2) ________________________ (3) ________________________ (4) ________________________

A financially driven reason for outsourcing is that it can reduce costs through a lower cost structure.

An estimate of the cost of an item that includes all the costs related to the procurement and use of an item, including any related costs in disposing of the item after it is no longer useful, is called what? _____________________.

The inventory turnover ratio used in measuring supply chain efficiency is found by the ratio of which of the following?

A financially driven reason for outsourcing is that it can help gain access to new markets, especially in developing countries.

Which is the most challenging kind of supply chain to manage according to Hau Lee?

Functional products include staples that people buy in a wide range of retail outlets, such as grocery stores and gas stations.

In outsourcing, which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?