role of strategic supply management

May 12th, 2015
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how can supply help decrease costs? how can supply help decrease costs and increase revenues? how can supply and suppliers help decrease costs?

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Chapter 1 QuizChapter 1 quizSubmitted by rjt5008 on 1/22/2007 3:27:17 PM Points Awarded8Points Missed2Percentage80%1.The role of strategic supply management is best captured by the following question:A.how can supply help decrease costs?B.how can supply help decrease costs and increase revenues?C.how can supply and suppliers help decrease costs? D.how can supply and suppliers help decrease cost and increase revenues? E.how can supply help suppliers decrease costs?Points Earned:1/1Correct Answer:DYour Response:D2.To contribute to organizational strategy, the supply department should:A.meet expectations of internal customers.B.execute current tasks as designed. C.seek opportunities to provide competitive advantage.D.routinize and automate transactions.E.streamline the process. Page 9Points Earned:0/1Correct Answer:CYour Response:A3.Performance of the supply management function can be viewed in two contexts:A.trouble causing and reactive.B.quality oriented and value-driven.C.trouble avoidance and opportunistic.D.price sensitive and hard-nosed negotiating.E.image-building and cost-driven.Points Earned:0/1Correct Answer:CYour Response:B4.The return on assets effect (ROA):A.captures the impact of supply actions on the inventory asset base and the balance sheet. B.quantifies and measures the indirect contribution of supply management to profitability. C.is caused by increasing

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