Which of the following would be a good reason to outsource buy versus make an item quizlet?
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Terms in this set (40)True or False: False True or False: False True or False: True True or False: False True or False: 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? Increase the supplier base Benefits derived from implementing an e-procurement system include all of the following EXCEPT: Decentralizing Purchasing Which of the following would be a good reason to outsource (buy) versus make an item? 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: 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: 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: True True or False: 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? Decreased need for supplier management Which of the following is TRUE? VMI stands for Vendor Managed Inventory The best supplier candidates for Supplier Relationship Management (SRM) include all of the following EXCEPT? Developmental suppliers that need to make improvements True or False: False True or False: 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: True True or False: False True or False: False Benefits of implementing an effective supplier certification program include all of the following EXCEPT? Increasing the supplier base The keys to
developing successful supply partnerships include all of the following EXCEPT? Individualized Objectives True or False: False What company originated the concept of Six Sigma? Motorola All of the following are included in the 8 wastes EXCEPT? 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? Large batch sizes Which one of the following is among the most
important elements of the LEAN manufacturing philosophy? waste reduction and continuous improvement Which one of the following is NOT a quality tool of Six Sigma? Hysterical Charts True or False: True Which of the following is NOT one of the "Seven Tools of Quality Control"? Small Batch Scheduling Which Statistical Tool of Six Sigma is used to determine the frequency of a specific problems? Check Sheet Sets with similar termsSupply Chain Quiz Questions- Exam 240 terms nikkisantore scm ques34 terms braelynp AMS 396 Exam 175 terms kayliemil MKG 460 Exam 250 terms kenzieshort22 Sets found in the same folderIntro Environmental Exam 2 (Study Guide)87 terms ALHigginbotham BAP VITA Certification80 terms ALHigginbotham Intro Marketing Exam 2 (Review)78 terms ALHigginbotham Intro Marketing Exam 1 (Vocab)123 terms ALHigginbotham Other sets by this creatorGlobal Awareness Final 248 terms ALHigginbotham Global Awareness Final67 terms ALHigginbotham Chapter 1 Auditing (matching)57 terms ALHigginbotham Chapter 1 Auditing (MC)12 terms ALHigginbotham Recommended textbook solutionsInformation Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions Operations Management: Sustainability and Supply Chain Management12th EditionBarry Render, Chuck Munson, Jay Heizer 1,698 solutions
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