Test 1 Week 1 TLMT 313
Question 1 of 16
6.25 Points
Supply management is also known as procurement at many firms and government agencies.
A. True B. False
Answer Key: True
Question 2 of 16
6.25 Points
Generally speaking, firms with the fasted time to market with new products by using cross functional teams including suppliers, enjoy higher profits.
A. True B. False
Answer Key: True
Question 3 of 16
6.25 Points
Of the factors that make up total cost of ownership (TCO), the big majority of this cost is in the lighting costs.
A. True B. False
Answer Key: False
Question 4 of 16
6.25 Points
The degree of competition for critical materials will be a key factor in the importance of supply management.
A. True B. False
Answer Key: False
Question 5 of 16
6.25 Points
The “mind set” or focus on internal processes usually produces the kind of detailed work necessary to achieve significant material savings.
A. True B. False
Answer Key: False
Question 6 of 16
6.25 Points
Supply management's two primary interests relative to their key suppliers are quality and discounts.
A. True B. False
Answer Key: False
Question 7 of 16
6.25 Points
Efforts to improve should cease at an organization's internal functions and not span over the supply chain.
A. True B. False
Answer Key: False
Question 8 of 16
6.25 Points
A collaborative relationship frequently is an appropriate first step on the road to a strategic alliance.
A. True B. False
Answer Key: True
Question 9 of 16
6.25 Points
The concept of a supply chain means we analyze and manage:
A.a chain or network of upstream suppliers
B.converters
C.original equipment manufacturers (OEM)
D.extractors
E.key suppliers
Answer Key: A
Question 10 of 16
6.25 Points
The term value chain means we include the supply chain in our analysis and management with:
A.end consumer
B.the downstream portion of the chain and distribution, such as marketing
C.channels
6.25 Points
Supply management is also known as procurement at many firms and government agencies.
A. True B. False
Answer Key: True
Question 2 of 16
6.25 Points
Generally speaking, firms with the fasted time to market with new products by using cross functional teams including suppliers, enjoy higher profits.
A. True B. False
Answer Key: True
Question 3 of 16
6.25 Points
Of the factors that make up total cost of ownership (TCO), the big majority of this cost is in the lighting costs.
A. True B. False
Answer Key: False
Question 4 of 16
6.25 Points
The degree of competition for critical materials will be a key factor in the importance of supply management.
A. True B. False
Answer Key: False
Question 5 of 16
6.25 Points
The “mind set” or focus on internal processes usually produces the kind of detailed work necessary to achieve significant material savings.
A. True B. False
Answer Key: False
Question 6 of 16
6.25 Points
Supply management's two primary interests relative to their key suppliers are quality and discounts.
A. True B. False
Answer Key: False
Question 7 of 16
6.25 Points
Efforts to improve should cease at an organization's internal functions and not span over the supply chain.
A. True B. False
Answer Key: False
Question 8 of 16
6.25 Points
A collaborative relationship frequently is an appropriate first step on the road to a strategic alliance.
A. True B. False
Answer Key: True
Question 9 of 16
6.25 Points
The concept of a supply chain means we analyze and manage:
A.a chain or network of upstream suppliers
B.converters
C.original equipment manufacturers (OEM)
D.extractors
E.key suppliers
Answer Key: A
Question 10 of 16
6.25 Points
The term value chain means we include the supply chain in our analysis and management with:
A.end consumer
B.the downstream portion of the chain and distribution, such as marketing
C.channels