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Exam 13: Global Sourcing and Procurement

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Question 31

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

A) Cost of goods sold/Average aggregate inventory value
B) Fixed costs/Variable costs
C) Sales costs/Marketing costs
D) Cost of goods sold/Cost to sell goods
E) Operations flow costs/Suppliers flow costs

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Question 32

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

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Question 33

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Which of the following is one of the strategic characteristics to consider when deciding how supplier relationships should be structured on the continuum between vertical integration (do not outsource) to arm's length relationships (outsource) ?

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?

The phenomenon that magnifies the variability in order quantities for goods as orders move through the supply-chain from the customer to the producer is called the bullwhip effect.

Outsourcing allows a firm to achieve an improved focus on its core competencies.

Capability Sourcing refers to outsourcing the functions that they do best to trusted key partners.

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? ______________________.

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

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

In Hau Lee's uncertainty framework to classify supply chains,a supply chain that combines the strengths of a "risk-hedging" and a "responsive" supply chain is called what? ______________________________________

When considering outsourcing,what should firms be sure to avoid?

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

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

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

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

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

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?

The step in the Six-step Process for Green Sourcing where a set of metrics against which the supplier will be measured for the contract's duration is called: ______________________.