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Exam 8: Supply Management

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Question 21

Multiple Choice

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Flingers Inc.reveals the following information in their annual report for FY 2004. What is Flingers' return on assets?

A) 16%
B) 20%
C) 25%
D) 40%

E) A) and D)
F) A) and B)

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Question 22

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A company that regularly outsources goods and services may have established close relationships with their sources and therefore will allow these sources the first opportunity to bid for new business needs.These sources are known as ________.

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Question 23

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Single sourcing is a better choice than multiple sourcing from the perspective of:

Maverick spending is often promoted by top management as a way to improve the bottom line and break out of a purchasing cycle.

The use of supply chain partners to provide products or services is called:

The percentage of value of shipments that come from materials for the average manufacturer is:

In a cost-based contract,the stated price does not change,regardless of fluctuations in the general overall economic conditions.

The two basic types of purchasing contracts are:

A company using portfolio analysis correctly decides to streamline the purchasing process for a few items by use of EDI and automated requisitions to the greatest extent possible.The quadrant that these items fall in is most probably the:

Which of these factors is most likely to increase the risk of a missed shipment,communication problem,or human error?

________ is the name for a technique requiring a company to identify and determine all of the major costs associated with different sourcing possibilities.

Cross sourcing is a strategy in which two suppliers are used for the same purchased product or service.

What is sourcing portfolio analysis? Discuss the model and the strategies and tactics associated with each quadrant.

Total cost analysis divides costs into direct (costs that are tied to the level of operations or supply chain activities)and indirect (costs that are not tied to the level of operations or supply chain activity).

This table contains a list of three companies that have been rated on four weighted performance dimensions.Which of the following statements regarding this information is BEST?

The request for quotation is a formal request for suppliers to deliver a product or service that includes key terms and conditions,such as price,delivery,and quality requirements.

The analyst turned on his banker's lamp,adjusted his eye shade,and slowly pulled a legal pad from his desk.His weathered hands punched the buttons on his desk calculator deliberately as he divided earnings by total assets in order to calculate:

Which of these is a direct cost associated with outsourcing?

Identify the major trends in supply management and their impact from a strategic perspective.

Portfolio analysis begins with assignment to a quadrant before a sourcing strategy is formulated.