WK 11

QUESTION 1

Which is the best definition of strategic sourcing?

	a.	Finding suppliers who can provide materials at the lowest cost
	b.	Using technology to select low-cost, high-quality sources of materials
	c.	Developing and managing ongoing supplier relationships to ensure meeting the organization's needs
	d.	Implementing a process for recurring transactions with single suppliers

1 points

QUESTION 2

Who developed the cultural dimensions model that explains how various countries handle cultural issues?

	a.	Henry Kissinger
	b.	Geert Hofstede
	c.	W. Edwards Deming
	d.	Ronald Reagan

1 points

QUESTION 3

Which are examples of collaboration best practices that commonly occur in CRM and SRM? (Select all that apply.)

	a.	Organizing one or more sets of suppliers in separate supply chains to suit a segment
	b.	Outsourcing master product design to suppliers
	c.	Enabling some customers to collaborate with suppliers
	d.	Asking end consumers to consider the needs of suppliers' suppliers

1 points

QUESTION 4

Which is true of ISO certification?

	a.	ISO offers registration or certification services.
	b.	Each standard relates to a specific industry only.
	c.	Older standards may be out-of-date.
	d.	It is voluntary.

1 points

QUESTION 5

Which benefit of supplier certification is more of a benefit for suppliers than for customers?

	a.	Helps market existing capabilities
	b.	Helps with selection and ongoing performance evaluation
	c.	Helps build trust and share information
	d.	Helps safeguard consumers and users of products and services

1 points

QUESTION 6

Who developed the cultural dimensions model that explains how various countries handle cultural issues?

	a.	Henry Kissinger
	b.	Geert Hofstede
	c.	W. Edwards Deming
	d.	Ronald Reagan

1 points

QUESTION 7

If 80 percent of an organization's purchasing spend is involved in tactical buying and 20 percent is involved in strategic sourcing, the organization should organize its SRM, supplier relationship management, system to:

	a.	focus on tactical buying.
	b.	focus on strategic sourcing.
	c.	address total spend rather than one category over another.
	d.	address the tactical buying items to make more of them strategic.

1 points

QUESTION 8

Which of the following are tools for reporting on and sharing measurement of a supplier's ongoing performance? (Select all that apply.)

	a.	Scorecards
	b.	Landed cost
	c.	Performance reports
	d.	Surveys

1 points

QUESTION 9

What factors should an organization consider when selecting its strategic partner?

	a.	Does it improve market access?
	b.	Will it enhance strategic growth?
	c.	Does it strengthen operations?
	d.	a and b
	e.	a, b, and c

1 points

QUESTION 10

Which of the following are benefits of establishing strategic alliances? (Select all that apply.)

	a.	Increasing market access
	b.	Enabling strategic growth
	c.	Lowering transportation costs
	d.	Enhancing financial strength