quiz for week 1

Sep 29th, 2013
FratBro23
Category:
Business & Finance
Price: $15 USD

Question description

 
  An effective supply strategy primarily focuses on linking: (Points : 1)                                   current needs to current markets.
                                   future needs to future markets.
                                   current needs to future markets.
                                   future needs to current markets.
                                   current and future needs to current and future markets.




             

2. The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organization depending on: (Points : 1)
                                 the organization’s stage of development and/or sophistication.
                                   the industry in which they operate
                                   the organization’s competitive position.
                                   a and b.
                                   a, b and c.





             

3. Three major challenges exist when setting supply objectives and strategies: (Points : 1)
                                 adopting efficient electronic transaction systems, designing effective strategic supply processes, and increasing internal compliance with both.
                                   effectively interpreting corporate and supply objectives, selecting appropriate actions to achieve objectives, and integrating supply information into organizational strategies.
                                   hiring professionals educated specifically in supply management, providing them with technical expertise, and developing leadership skills for the long-term.
                                   emphasizing strategic cost management, involving key suppliers early in the process, and measuring the reduction in total cost of ownership.
                                   identifying internal stakeholders, building consensus among these stakeholders, and selling top management on the results.





             

4.                                 The most fundamental question facing an organization is whether to make or buy.                                           (Points : 1)                        
                                                  True
                                                       False





             

5.                                 A corporate risk management group headed by a chief risk officer has emerged in many organizations to assess total risk exposure and develop strategies to best manage all risks.                                           (Points : 1)                        
                                                  True
                                                       False





             

6. Evidence of the growth and influence of supply management in an organization includes: (Points : 1)
                                 fewer activities under the management or control of supply.
                                   more intense involvement in fewer supply chain activities.
                                   involvement in strategic planning and mergers and acquisitions.
                                   a clear delineation between supply and accounting.
                                   merging of supply and accounts payable.





             

7.                                 The true test of supply’s contribution is when the chief executive officer and the management team recognize the value of supply and suppliers in reducing prices paid for goods and services.                                           (Points : 1)                        
                                                  True
                                                       False





             

8. Linking supply strategy to corporate strategy is: (Points : 1)
                                 essential only in manufacturing, and most have the mechanisms to link them..
                                   essential only in the service sector, and most lack the mechanisms to link them.
                                   essential in all organizations, and most have the mechanisms to link them.
                                   essential in all organizations, and many lack the mechanisms to link them.
                                   non-essential in most types of organizations.





             

9.                                 Supply makes a limited contribution to organizational risk management since most supply decisions have few downside risks that might impact the organization’s strategy.                                           (Points : 1)                        
                                                  True
                                                       False





             

10.                                 Environmental-change strategies are designed to anticipate and recognize shifts in the natural world that affect supply availability.                                           (Points : 1)                        
                                                  True
                                                       False

 

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UCLA
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
ddg82
Dec 8th, 2016
" Thanks, good work "
tinytim47
Nov 25th, 2016
" Wow this is really good.... didn't expect it. Sweet!!!! "
kenmwao2
Nov 24th, 2016
" Solid work, thanks. "
jestin7
Nov 16th, 2016
" This tutor is great! "
lilmoe415
Nov 2nd, 2016
" Thank you, Thank you, for top quality work, this is your guy!! "
dontuwannaknow
Oct 11th, 2016
" Excellent work as always thanks so much "
thargrow
Oct 2nd, 2016
" Very Satisfied. "
SjSurvivor143
Sep 27th, 2016
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1825 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors