Kent MIS440 Chapter 4 QUIZ

Jun 27th, 2016
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Question Question 1 1. Because internationally recognized certifications like ISO 9000 are becoming so common among suppliers, it is becoming more important that purchasing firms develop internal certification programs that are geared toward the specific needs of the purchasing organization. True False 1.6 points Question 2 1. Benchmarking is: A system of performance metrics that seeks to motivate suppliers to perform better. A practice where companies attempt to learn and apply the best practices of other companies. A system of marking defective inbound inventory so it can quickly be identified for return to the supplier. A program where suppliers compete for contracts, but those companies who are outbid are provided advice for winning future contracts. 1.6 points Question 3 1. Variations of outsourcing include all of the following EXCEPT: Co-sourcing Selective sourcing Front sourcing Insourcing 1.6 points Question 4 1. The influence of corporate sourcing decisions

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Kent MIS440 Chapter 4 QUIZReport this Question as InappropriateQuestionQuestion 11. Because internationally recognized certifications like ISO 9000 are becoming so commonamong suppliers, it is becoming more important that purchasing firms develop internalcertification programs that are geared toward the specific needs of the purchasing organization.TrueFalse1.6 pointsQuestion 21. Benchmarking is:A system of performance metrics that seeks to motivate suppliers to perform better.A practice where companies attempt to learn and apply the best practices of other companies.A system of marking defective inbound inventory so it can quickly be identified for return to thesupplier.A program where suppliers compete for contracts, but those companies who are outbid areprovided advice for winning future contracts.1.6 pointsQuestion 31. Variations of outsourcing include all of the following EXCEPT:Co-sourcingSelective sourcingFront sourcingInsourcing1.6 pointsQuestion 41. The influence of corporate sourcing decisions interacts with internal design, production,finance, marketing, and accounting.TrueFalse1.6 pointsQuestion 51. The inventory level where suppliers replenish their customer's inventory with a predeterminedorder quantity is called the:Channel Equity LevelReorder pointBill BackMRO point1.6 pointsQuestion 61. The management of the firm's external resources through identification and selection ofsuppliers, management of supplier relationsh

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