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Exam 16: Global Sourcing and Procurement

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Question 31

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If the weeks of supply is 10 and the average aggregate inventory value is $1,000,000, what is the cost of goods sold? _______________________

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$5,200,000
Explanation: Manipu...

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Question 32

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A stable supply process is one where the manufacturing process and the underlying technology are mature and the supply base is well established.

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Question 33

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Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically.

Having a supply chain that is environmentally responsible is called: _____________________.

Retailer behavior when stocking up during promotion periods (where the prices of goods are reduced) is called backward buying.

An organizationally driven reason for outsourcing is that it can transform the organization.

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?

What is it called when a firm controls most of the activities in its supply chain? ___________________________________

Ownership costs include which of the following costs?

Which of the following is an improvement-driven reason for outsourcing?

Which of the following of Fisher's product categories includes fashionable clothing, personal computers, and other products that typically have a very brief life cycle?

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

The optimal strategy for functional products is to use a responsive supply chain.

Name the two measures of sourcing efficiency.(1) _______________________ (2) _______________________

A financially driven reason for outsourcing is that it can shorten cycle time.

Acquisition costs include which of the following costs?

The total cost of ownership (TCO) can be categorized into three areas: acquisition costs, ownership costs, and post-ownership costs.

The optimal strategy for functional products is to use an efficient supply chain.

Outsourcing is the act of moving some of a firm's internal activities and decision responsibility to outside providers.

Which of the following is an organizationally driven reason for outsourcing?