Question 1

Supply managers may be able to provide information to identify risks to the organization,and can develop strategies to mitigate those risks.

Accepted Answer

A) True 
 B)False

Question 2

Three major challenges exist when setting supply objectives and strategies:

Accepted Answer

A)  effectively interpreting corporate and supply objectives,selecting appropriate actions to achieve objectives,and integrating supply information into organizational strategies.
B)  identifying internal stakeholders,building consensus among these stakeholders,and selling top management on the results.
C)  adopting efficient electronic transaction systems,designing effective strategic supply processes,and increasing internal compliance with both.
D)  hiring professionals educated specifically in supply management,providing them with technical expertise,and developing leadership skills for the long-term.
E)  emphasizing strategic cost management,involving key suppliers early in the process,and measuring the reduction in total cost of ownership.

Question 3

Some operational risks in a supply chain are beyond the control of the purchaser or supplier,and some are within their control.

Accepted Answer

A) True 
 B)False

Question 4

There is a growing emphasis on purchase transactions and less on acquisition processes.

Accepted Answer

A) True 
 B)False

Question 5

The three levels of strategic planning are corporate,business unit,and functional.

Accepted Answer

A) True 
 B)False

Question 6

When developing supply strategies,the supply manager must determine:

Accepted Answer

A)  what to make or buy.
B)  what to insource or outsource.
C)  what standard items and what customized items will be acquired.
D)  what to make or buy and what to insource or outsource.
E)  what to make or buy,what to insource or outsource,and what standard items or what customized items will be acquired.

Question 7

Linking supply strategy to corporate strategy is:

Accepted Answer

A)  non-essential in most types of organizations.
B)  essential in all organizations,and many lack the mechanisms to link them.
C)  essential in all organizations,and most have the mechanisms to link them.
D)  essential only in manufacturing,and most have the mechanisms to link them.
E)  essential only in the service sector,and most lack the mechanisms to link them.

Question 8

The key question in strategic supply management is:

Accepted Answer

A)  How can the supply manager develop a network of suppliers that contribute to the supply department's goals?
B)  How can first tier suppliers contribute to the buying organization's objectives and strategy?
C)  How can supply and supply chains contribute effectively to organizational objectives and strategy?
D)  How can first,second,and subsequent tiers of suppliers contribute to the buying organization's objectives and strategy?
E)  How can supply strategy be kept separate from,but equal to,organizational strategy?

Question 9

Which one of the following is NOT one of the six major supply strategy areas:

Accepted Answer

A)  competitive-edge strategies.
B)  environmental-change strategies.
C)  risk-management strategies.
D)  new-product development strategies.
E)  cost-reduction strategies.

Exam 2: Supply Strategy

There is a growing emphasis on purchase transactions and less on acquisition processes.

Correct Answer
verified

Three major challenges exist when setting supply objectives and strategies:

Correct Answer
verified

Supply managers may be able to provide information to identify risks to the organization,and can develop strategies to mitigate those risks.

Correct Answer
verified

The key question in strategic supply management is:

Correct Answer
verified

Which one of the following is NOT one of the six major supply strategy areas:

Correct Answer
verified

Some operational risks in a supply chain are beyond the control of the purchaser or supplier,and some are within their control.

Correct Answer
verified

Linking supply strategy to corporate strategy is:

Correct Answer
verified

When developing supply strategies,the supply manager must determine:

Correct Answer
verified

The three levels of strategic planning are corporate,business unit,and functional.

Correct Answer
verified

Exam 2: Supply Strategy

There is a growing emphasis on purchase transactions and less on acquisition processes.

Correct AnswerverifiedShow Answer

Three major challenges exist when setting supply objectives and strategies:

Correct AnswerverifiedShow Answer

Supply managers may be able to provide information to identify risks to the organization,and can develop strategies to mitigate those risks.

Correct AnswerverifiedShow Answer

The key question in strategic supply management is:

Correct AnswerverifiedShow Answer

Which one of the following is NOT one of the six major supply strategy areas:

Correct AnswerverifiedShow Answer

Some operational risks in a supply chain are beyond the control of the purchaser or supplier,and some are within their control.

Correct AnswerverifiedShow Answer

Linking supply strategy to corporate strategy is:

Correct AnswerverifiedShow Answer

When developing supply strategies,the supply manager must determine:

Correct AnswerverifiedShow Answer

The three levels of strategic planning are corporate,business unit,and functional.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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