BUS 230 Week 4 Quiz – Strayer
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CHAPTER 4
Supply Processes and Technology
23. The
greatest opportunity to affect value in the purchasing process is when:
a. the supplier(s) is selected.
b. price and terms are determined.
c. potential suppliers are analyzed.
d. needs are recognized and described.
e. the buyer follows-up and expedites the
order.
24. If
the buyer does not have a clear and unambiguous description or specification
and wants to find out which suppliers can deliver the best value when and where
needed, he or she will typically issue a:
a. request for quotation (RFQ).
b. request for proposal (RFP).
c. request for information (RFI).
d. request for bid (RFB).
e. request for suggestions (RFS).
25. The
benefit(s) of participation in an e-marketplace include:
a. the ability to aggregate spend
b. the advantages from economies of scale.
c. visibility up- and downstream in the
supply chain.
d. the ability to automate and facilitate
transactions.
e. all of the above.
26. One
purpose of a requisition is:
a. to give users a way to authorize buyers
to acquire goods and services.
b. to solicit price quotes for goods or
services from suppliers.
c. to give finance a way to have the final
say in any decision to spend money.
d. to clarify the description of need
before communicating with potential suppliers.
e. to request or requisition supplies from
external suppliers.
27.
Radio frequency identification (RFID) will:
a. eliminate bar coding and manual
counting.
b. eliminate further investment in
information technology.
c. supplement bar coding to reduce theft.
d. be more cost effective to implement
than bar coding.
e. improve data capture but slow down
inventory picking
28.
Efficient and effective supply processes are needed because of:
a. the need for an audit trail.
b. the large volume of items and dollar
value.
c. severe consequences of poor
performance.
d. the potential contribution to
organizational objectives.
e. all of the above.
29.
Online auctions have been most effective when:
a. the good or service is unique or highly
customized.
b. technological, logistical, and
commercial specifications are ambiguous.
c. the market conditions favor buyers.
d. the organization owns the technology to
run the auction.
e. there are a limited number of suppliers
available.
29.
Electronic data interchange (EDI) provides:
a. secure transmission of large amounts of
data, but with slow turnaround.
b. secure transmission, greater accuracy
and shorter process cycle time for all data.
c. slow processing of large amounts of
data, but with greater accuracy.
d. longer process cycle time, but with
greater accuracy.
e. secure and rapid transmission of small
amounts of data.
30.
Application software for the procurement process is available:
a. only through an enterprise resource
planning (ERP) system.
b. only from a systems developer.
c. only from an application software
provider (ASP).
d. from an ERP system or systems
developer, but not from an ASP.
e. from an ERP system, a systems
developer, or an ASP.
31.
Effectively and efficiently applying technology to the supply management
process will result in:
a. increased clerical effort because there
is more data entry than in a manual system.
b. damaged buyer-supplier relationships
because of the impersonal nature of electronic communication.
c. an ability to reduce the total cost of
doing business by enabling just-in-time systems, bar-coding applications,
integrated manufacturing, and electronic funds transfers.
d. poorer negotiation planning and
preparation because of the time spent accessing and analyzing data.
e. a decline in operating performance
because of the volume of information to be analyzed and considered before
making a decision.
True and False
1. A
process is a set of activities that has a beginning and an end, occurs in a
specific sequence, and has inputs and outputs.
2. Poor
internal compliance with supply processes may indicate that internal customers
do not trust the supply process or the suppliers to live up to promises.
3. A
maverick buyer is a talented member of the supply department whose creativity
and innovations have saved the organization large sums of money.
4. A
bill of material (BOM) includes a list of potential suppliers for each item
needed to make one month’s scheduled production.
5. The
terms and conditions included in a purchase order vary depending on the nature
of the purchase and may relate to price, quality, and service.
6. An
online catalog is a digitized version of a supplier’s catalog that cannot be
customized to include the specific items, prices, and other terms and conditions
negotiated by the buyer and seller.
7. A
reverse auction is an online, real time, increasing price auction between
multiple pre-qualified suppliers and a buying organization.
8.
Before embarking on an e-commerce path, the supply leadership should decide
what should be acquired through e-commerce and what tools should be used.
9. It is
relatively difficult to develop a global database to consolidate volumes and
sourcing strategy because common technical standards and government regulations
do not exist across countries.
10.
Information flows into the supply group from (1) other internal functions and
(2) external sources; and information flows out from supply to (1) other
internal functions and (2) suppliers.
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