Which of the following would be a good reason to outsource buy versus make an item quizlet?

Show
    Recommended textbook solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Information Technology Project Management: Providing Measurable Organizational Value

    5th EditionJack T. Marchewka

    346 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Operations Management: Sustainability and Supply Chain Management

    12th EditionBarry Render, Chuck Munson, Jay Heizer

    1,698 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Human Resource Management

    15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine

    249 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Service Management: Operations, Strategy, and Information Technology

    7th EditionJames Fitzsimmons, Mona Fitzsimmons

    103 solutions

    Recommended textbook solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Fundamentals of Financial Management, Concise Edition

    10th EditionEugene F. Brigham, Joel Houston

    777 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Intermediate Accounting

    14th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

    1,471 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Financial Accounting

    4th EditionDon Herrmann, J. David Spiceland, Wayne Thomas

    1,097 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Century 21 Accounting: General Journal

    11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman

    1,009 solutions

    Recommended textbook solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Information Technology Project Management: Providing Measurable Organizational Value

    5th EditionJack T. Marchewka

    346 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Human Resource Management

    15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine

    249 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Human Resource Management

    15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine

    249 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Service Management: Operations, Strategy, and Information Technology

    7th EditionJames Fitzsimmons, Mona Fitzsimmons

    103 solutions

    Upgrade to remove ads

    Only SGD 41.99/year

    • Flashcards

    • Learn

    • Test

    • Match

    • Flashcards

    • Learn

    • Test

    • Match

    Terms in this set (40)

    True or False:
    The Profit-Leverage Effect states that a decrease in purchasing expenditures will directly decrease profit

    False

    True or False:
    The purchasing function is one of the most value-enhancing functions in any organization, and therefore, it is not necessary to periodically monitor the purchasing function's performance against a set of standards or industry benchmarks

    False

    True or False:
    Outsourcing allows a firm to concentrate on core capabilities and reduce staffing levels

    True

    True or False:
    A purchase order is legally binding once issued by the buyer

    False

    True or False:
    Duties, taxes, or customs imposed by the host country for imported or exported goods, are known as Tariffs

    True

    What is the term that is often used for the acquisition of services?

    Contracting

    Which of the following is NOT one of the primary goals of Purchasing?
    - Ensure an uninterrupted flow of materials and services at the lowest total cost.
    - Increase the supplier base
    - Improve the quality of the finished goods produced.
    - Optimize customer satisfaction

    Increase the supplier base

    Benefits derived from implementing an e-procurement system include all of the following EXCEPT:
    - Mobility
    - Tractability
    - Decentralizing Purchasing
    - Benefits to the suppliers

    Decentralizing Purchasing

    Which of the following would be a good reason to outsource (buy) versus make an item?
    - Suppliers may cause diseconomies of scale, especially for components that are non-vital to the organization's operations.
    - A firm may not be at or near capacity and subcontracting from a supplier may make better sense
    - A firm lacks the technology or expertise to produce an item
    - The supplier's brand image, reputation are not highly regarded

    A firm lacks the technology or expertise to produce an item

    The sum of all costs associated with every activity in the supply stream of a product, is referred to as?

    Total Cost of Ownership

    True or False:
    Pain and Gain Share contract provisions are associated with supplier rewards and recognition programs.

    True

    "Rationalizing the supplier base" would mean that the purchasing firm is attempting to reduce the number of suppliers in its supplier network.

    True

    True or False:
    While paperless transactions are now possible through e-procurement and Web-based services, these would NOT be considered sustainable business practices.

    False

    Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as?

    Strategic Sourcing

    True or False:
    A Supplier Code of Conduct is intended to inform suppliers of ethical sourcing expectations and is typically a condition for becoming an approved supplier.

    True

    True or False:
    The concept of Distributive Negotiations refers to both sides work together to maximize the outcome or create a win-win result.

    False

    The sourcing strategies including; maintaining safety and/or strategic stocks, developing contingency plans, strengthening relationships, and searching for alternatives, are appropriate for which item category?

    Bottleneck items

    The following term refers to an act that creates the greatest good for the greatest number of people?

    Utilitarianism

    An outsourcing program can result in all of the following positive outcomes, except?
    - reducing staffing levels
    - decreased need for supplier management
    - cost reduction
    - gains in manufacturing flexibility

    Decreased need for supplier management

    Which of the following is TRUE?
    - VMI stands for Vertically Managed Inventory
    - VMI stands for Vendor Managed Inventory
    - 3PL stands for Third Party Leverage
    - 3 PL stands fro Three Point Logistics

    VMI stands for Vendor Managed Inventory

    The best supplier candidates for Supplier Relationship Management (SRM) include all of the following EXCEPT?
    - Preferred Suppliers
    - Developmental suppliers that need to make improvements
    - Suppliers that provide lesser quantities of crucial products/services
    - Suppliers that provide high volumes of product or services

    Developmental suppliers that need to make improvements

    True or False:
    Award-winning suppliers serve as role models for other suppliers and may therefore be exempt from audits and certification programs

    False

    True or False:
    A strong supplier partnership requires that both buyer and supplier adopt a strong tactical perspective

    False

    An organization's process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections can be referred to as?

    Supplier Certification

    The process commonly utilized in continuous improvement is known as?

    Plan, do, check, act

    True or False:
    Successful supplier relationships involve equal decision-making control between both the buyer and the supplier.
    true

    True

    True or False:
    ISO 14000 is a widely accepted management and quality certification standard

    False

    True or False:
    An effective supplier certification program may increase the time spent on incoming inspections

    False

    Benefits of implementing an effective supplier certification program include all of the following EXCEPT?
    - Building long-term relationships
    - Reducing time spent on incoming inspections
    - Increasing the supplier base
    - Recognizing excellence

    Increasing the supplier base

    The keys to developing successful supply partnerships include all of the following EXCEPT?
    - Personal Relationships
    - Individualized Objectives
    - Mutual Benefits and Needs
    - Performance Metrics

    Individualized Objectives

    True or False:
    LEAN production is an operating philosophy or mindset that attempts to minimize the impact of supply variability and flaws in forecasting through the use of safety stock inventories

    False

    What company originated the concept of Six Sigma?

    Motorola

    All of the following are included in the 8 wastes EXCEPT?
    - Overproducing
    - Extra-Processing
    - Overspending
    - Waiting

    Overspending

    Which quality guru (expert) is credited with the concept that 'quality is free; defects are costly'

    Phillip Crosby

    LEAN manufacturing emphasizes all the following EXCEPT?
    - Continuous improvement
    - Large batch sizes
    - Reduction of waste
    - Synchronization of material flows

    Large batch sizes

    Which one of the following is among the most important elements of the LEAN manufacturing philosophy?
    - quality inspections and a standard product line
    - fully automated assembly lines and a large supplier base
    - large inventories and large batch sizes
    - waste reduction and continuous improvement

    waste reduction and continuous improvement

    Which one of the following is NOT a quality tool of Six Sigma?
    - Flow Diagrams
    - Check Sheets
    - Hysterical Charts
    - Cause & Effect Diagrams

    Hysterical Charts

    True or False:
    The primary design objective of a LEAN layout is to reduce wasted movements of workers and/or materials.

    True

    Which of the following is NOT one of the "Seven Tools of Quality Control"?
    - Scatter Diagrams
    - Histograms
    - Small Batch Scheduling
    - Control Charts

    Small Batch Scheduling

    Which Statistical Tool of Six Sigma is used to determine the frequency of a specific problems?

    Check Sheet

    Sets with similar terms

    Supply Chain Quiz Questions- Exam 2

    40 terms

    nikkisantore

    scm ques

    34 terms

    braelynp

    AMS 396 Exam 1

    75 terms

    kayliemil

    MKG 460 Exam 2

    50 terms

    kenzieshort22

    Sets found in the same folder

    Intro Environmental Exam 2 (Study Guide)

    87 terms

    ALHigginbotham

    BAP VITA Certification

    80 terms

    ALHigginbotham

    Intro Marketing Exam 2 (Review)

    78 terms

    ALHigginbotham

    Intro Marketing Exam 1 (Vocab)

    123 terms

    ALHigginbotham

    Other sets by this creator

    Global Awareness Final 2

    48 terms

    ALHigginbotham

    Global Awareness Final

    67 terms

    ALHigginbotham

    Chapter 1 Auditing (matching)

    57 terms

    ALHigginbotham

    Chapter 1 Auditing (MC)

    12 terms

    ALHigginbotham

    Recommended textbook solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Information Technology Project Management: Providing Measurable Organizational Value

    5th EditionJack T. Marchewka

    346 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Operations Management: Sustainability and Supply Chain Management

    12th EditionBarry Render, Chuck Munson, Jay Heizer

    1,698 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Information Technology Project Management: Providing Measurable Organizational Value

    5th EditionJack T. Marchewka

    346 solutions

    Which of the following would be a good reason to outsource buy versus make an item quizlet?

    Operations Management

    13th EditionWilliam Stevenson

    980 solutions

    Other Quizlet sets

    E3: Chapter 19: The Kidneys (P2)

    48 terms

    m3r1n

    Science, Society, and environment Exam 1 (CH. 1,2,…

    46 terms

    Lauren_Y18

    Test 2 Political Science

    197 terms

    pabartel87PLUS