1- Responsive sourcing is usually NOT good for which one of the following products:

a-Products with low demand volatility and high labor content.

b-Products with high demand volatility and low labor content.

c-Products at their early stage of life cycle.

d-Products with high quality requirements.

2- Which one of the following statement is wrong?

a-A lot or batch size is the quantity that a stage of the supply chain either produces or purchases at a given time.

b-The inventory profile is a plot depicting the level of inventory over time.

c-Lot sizes and cycle inventory do not affect the flow time of material within the supply chain.

d-Cycle inventory exists in a supply chain because different stages exploit economies of scale to lower total cost.

e-A key to reducing cycle inventory is the reduction of lot size.

3- Which one of the following statements is wrong?

a-There are many supplier characteristics other than price, such as lead time, reliability, quality, and design capability that impact the total cost of doing business with a supplier.

b-A good supplier scoring and assessment process will primarily track performance along the price dimension when evaluating a supplier.

c-Design collaboration ensures that any design changes are communicated effectively to all parties involved with designing and manufacturing the product.

d-The goal of procurement is to enable orders to be placed and delivered on schedule at the lowest possible price.

e-The role of sourcing planning and analysis is to analyze spending across various suppliers and component categories to identify opportunities for decreasing the total cost.