Question 1

According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization, and the community.

Accepted Answer

A)  supply chain risk management
B)  sustainability
C)  ISO 9000:2008
D)  social responsibility
E)  supplier development

Question 2

_____ is any action undertaken by a buyer to improve a supplier's performance or capabilities to meet the buyer's short- and long-term supply needs.

Accepted Answer

A)  Supply base rationalization
B)  The twenty/eighty rule
C)  Supply base optimization
D)  Supplier development
E)  Six Sigma

Question 3

Scenario planning begins with the creation of viable working strategies and plans that would allow managers to respond quickly in the event that a specific risk scenario should actually occur.

Accepted Answer

A) True 
 B)False

Question 4

The _____ provides all suppliers, regardless of their performance history, a chance to remain in the supply base.

Accepted Answer

A)  "improve or else" approach
B)  triage approach
C)  competency staircase approach
D)  twenty/eighty rule
E)  Six Sigma approach

Question 5

Which of the following is not one of the typical uses of supplier measurement data?

Accepted Answer

A)  Supporting supply base rationalization and optimization.
B)  Identifying those highly capable suppliers that may qualify for consideration of longer-term partnerships or designation as preferred suppliers.
C)  Identifying those suppliers that are not performing at expected levels so that appropriate remedial or development actions can be taken.
D)  Deciding where to locate supplier facilities.
E)  Determining a supplier's future purchase volume based on its past performance.

Question 6

All of the following are examples of purchasing fraud except _____.

Accepted Answer

A)  bid rigging
B)  falsified pricing
C)  unauthorized substitutions
D)  collusion
E)  backdoor buying

Question 7

_____ allows a buying organization to react more quickly when risk events occur by already having previously prepared plans and proposed responses in place in advance of the actual event.

Accepted Answer

A)  Hedging
B)  Use of third party intermediaries
C)  Multiple sourcing
D)  Scenario analysis
E)  None of these answers.

Question 8

In _____, a buyer selects or develops suppliers with multiple or redundant capabilities.

Accepted Answer

A)  single sourcing
B)  cross-sourcing
C)  global sourcing
D)  strategic sourcing
E)  sole sourcing

Question 9

Short-term purchase contracts that award small volumes of business to multiple suppliers decrease production costs and provide incentive for individual supplier investments in process improvement.

Accepted Answer

A) True 
 B)False

Exam 9: Supplier Management and Development: Creating a World-Class Supply Base

_____ allows a buying organization to react more quickly when risk events occur by already having previously prepared plans and proposed responses in place in advance of the actual event.

Correct Answer
verified

The _____ provides all suppliers, regardless of their performance history, a chance to remain in the supply base.

Correct Answer
verified

Short-term purchase contracts that award small volumes of business to multiple suppliers decrease production costs and provide incentive for individual supplier investments in process improvement.

Correct Answer
verified

Which of the following is not one of the typical uses of supplier measurement data?

Correct Answer
verified

According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization, and the community.

Correct Answer
verified

Scenario planning begins with the creation of viable working strategies and plans that would allow managers to respond quickly in the event that a specific risk scenario should actually occur.

Correct Answer
verified

In _____, a buyer selects or develops suppliers with multiple or redundant capabilities.

Correct Answer
verified

All of the following are examples of purchasing fraud except _____.

Correct Answer
verified

_____ is any action undertaken by a buyer to improve a supplier's performance or capabilities to meet the buyer's short- and long-term supply needs.

Correct Answer
verified

Exam 9: Supplier Management and Development: Creating a World-Class Supply Base

_____ allows a buying organization to react more quickly when risk events occur by already having previously prepared plans and proposed responses in place in advance of the actual event.

Correct AnswerverifiedShow Answer

The _____ provides all suppliers, regardless of their performance history, a chance to remain in the supply base.

Correct AnswerverifiedShow Answer

Short-term purchase contracts that award small volumes of business to multiple suppliers decrease production costs and provide incentive for individual supplier investments in process improvement.

Correct AnswerverifiedShow Answer

Which of the following is not one of the typical uses of supplier measurement data?

Correct AnswerverifiedShow Answer

According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization, and the community.

Correct AnswerverifiedShow Answer

Scenario planning begins with the creation of viable working strategies and plans that would allow managers to respond quickly in the event that a specific risk scenario should actually occur.

Correct AnswerverifiedShow Answer

In _____, a buyer selects or develops suppliers with multiple or redundant capabilities.

Correct AnswerverifiedShow Answer

All of the following are examples of purchasing fraud except _____.

Correct AnswerverifiedShow Answer

_____ is any action undertaken by a buyer to improve a supplier's performance or capabilities to meet the buyer's short- and long-term supply needs.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

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Correct Answer
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Correct Answer
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