Test 1 Week 1 TLMT 313

Question 1 of 16
6.25 Points
Supply management is also known as procurement at many firms and government agencies.

A. True B. False

Answer Key: True

Question 2 of 16
6.25 Points
Generally speaking, firms with the fasted time to market with new products by using cross functional teams including suppliers, enjoy higher profits.

A. True B. False

Answer Key: True

Question 3 of 16
6.25 Points
Of the factors that make up total cost of ownership (TCO), the big majority of this cost is in the lighting costs.

A. True B. False

Answer Key: False

Question 4 of 16
6.25 Points
The degree of competition for critical materials will be a key factor in the importance of supply management.

A. True B. False

Answer Key: False

Question 5 of 16
6.25 Points
The “mind set” or focus on internal processes usually produces the kind of detailed work necessary to achieve significant material savings.

A. True B. False

Answer Key: False

Question 6 of 16
6.25 Points
Supply management's two primary interests relative to their key suppliers are quality and discounts.

A. True B. False

Answer Key: False

Question 7 of 16
6.25 Points
Efforts to improve should cease at an organization's internal functions and not span over the supply chain.

A. True B. False

Answer Key: False

Question 8 of 16
6.25 Points
A collaborative relationship frequently is an appropriate first step on the road to a strategic alliance.

A. True B. False

Answer Key: True

Question 9 of 16
6.25 Points
The concept of a supply chain means we analyze and manage:

A.a chain or network of upstream suppliers

B.converters

C.original equipment manufacturers (OEM)

D.extractors

E.key suppliers

Answer Key: A

Question 10 of 16
6.25 Points
The term value chain means we include the supply chain in our analysis and management with:

A.end consumer

B.the downstream portion of the chain and distribution, such as marketing

C.channels