Taitt Supply Chain Management (SCM) Exam 2 Practice

These questions are part of the practice quiz. Start practicing

• The DMAIC sequence (Define, Measure, Analyze, Improve, Control) is used to improve which?
• What are the benefits associated with the Weighted-Criteria Evaluation System?
• Quality, Service, Delivery, and Price (QDSP) is associated with which concept?
• Backward Vertical Integration involves which action?
• Producing a limited number of identical products in a single production run (bakeries, pharmaceuticals) describes which?
• In a shop that handles many different products with different processing routes and requires high flexibility, which production type is most appropriate?
• Identify Suppliers is primarily concerned with which objective?
• Which category describes having a few trusted suppliers and giving them priority?
• Centralized Purchasing Organization is best described as which?
• Which term is associated with improvements in supplier performance by creating structured development programs?
• Which statement best describes the Profit Leverage Effect?
• Which production approach manufactures products for stock based on demand forecasts (Push system)?
• Which term describes a purchasing process that accounts for the long-term impact on people, profits, and the planet?
• Six Sigma is best described as which of the following?
• What is the primary objective of supply base rationalization?
• Which term best describes the customer-driven requirement collection process used to guide product and service improvements?
• Which arrangement occurs when a company buys one of its suppliers?
• Which inventory-management approach ensures supplies arrive just when needed?
• Strategic Sourcing is primarily about which of the following?
• Which statement best captures the overall purpose of Supplier Relationship Management?
• In-sourcing is defined as which of the following?
• What term refers to the sum of costs needed for every activity in the supply chain of a product?
• Which tool is used to identify relationships between potential causes and outcomes?
• Which document is issued externally to confirm and specify quantities and prices for a purchase?
• Routine items, simplified processes, and a reduced number of suppliers correspond to which supplier category?
• Used to produce a large variety of products with different processing requirements describes which?
• Which term is defined as obtaining merchandise, equipment, services, etc.?
• Which ethical theory emphasizes duties and rights rather than outcomes?
• Which cost category covers the evaluation of materials, products, or services to ensure they meet quality standards?
• A buyer's activities to improve a supplier's capabilities, improving quality and delivery performances.
• Which term describes a general approach to transforming resources into finished goods, often emphasized in mass production contexts?
• What is the data-driven method of identifying and removing causes of defects and minimizing variability of quality?
• Which term corresponds to the process to collect written info on capabilities of various suppliers?
• Which term describes a network of independent companies upstream and downstream that collaborate for mutual benefit?
• Products ordered are produced quickly and customizable to a certain extent (e.g., Dell laptops) describe which?
• Which term describes planning manufacturing to use capacity early to meet demand later?
• Which effect describes purchasing expenditures decreasing while profits increase?
• Which tool maps the steps in a process from start to finish?
• Which inventory practice involves keeping inventory at the buyer's site with replenishment triggered by supplier recommendations?
• Which cost category includes establishing specifications, quality plans, and maintenance systems to prevent quality problems?
• What describes how Supplier Evaluation Metrics are used?
• What is the process of reducing the number of suppliers without increasing risk called?
• Reduce costs, improve quality, reduce product development time.
• Which strategy is used when a company collaborates with a key supplier to enhance capabilities?
• Which product category is most often associated with long product lifecycles and predictable demand?
• What determines the importance of the product or service to the company when outsourcing?
• What term describes bringing about positive social change through the sourcing process?
• Converting resources into goods and services in alignment with company strategy.
• A company designs a product from scratch to meet a specific customer's needs and then manufactures it. Which production type is this?
• Which product type generally requires more flexible supplier networks and higher sourcing risk management?
• Which activity is emphasized for innovative products to improve procurement outcomes?
• Which term is the discipline of planning, organizing, and supervising the production process to transform inputs into outputs?
• Purchase Requisition --> Purchase Order + Supplier Confirmation of PO = binding contract. Which term best describes this flow?
• Which of the following is a benefit for Buyers when using SRM?
• Which term refers to the process of acquiring goods, services and work vital to an organization (i.e. selecting suppliers, negotiating contracts, etc.)?
• Spend analysis typically involves which initial step?
• Which term refers to certification that is good for management and quality standards?
• Which term refers to criteria that focus on internal quality measures such as no product rejections and on-time deliveries, and align with ISO 9000 certification?
• Which term is described as indicating the sum of costs across the life cycle of a product, not just its purchase price?
• Which of the following reflects a typical driver of strategic sourcing?
• Strategic Alliance Development focuses on what objective?
• In a multi-sourcing strategy, which outcome is typically achieved?
• Which term is primarily concerned with recognizing suppliers to motivate performance?
• Which document determines supplier's capability and interest in production of a product or service?
• What does supplier risk of acceptance sampling refer to?
• Which inventory arrangement has the manufacturer responsible for maintaining the retailer's inventory levels in each store?
• Which term is described as certification that's good for environment and sustainability?
• What term describes automation of non-strategic and transactional procurement activities such as RFI, RFP, and RFQ?
• Which of the following is a primary objective linked to customer satisfaction in purchasing goals?
• What term describes the process of learning customer expectations, preferences, likes, and dislikes via interviews, surveys, and observations?
• Which tool is used to show the frequency distribution of data?
• Decentralized Purchasing Organization is best described as which?
• What is the primary purpose of spend analysis in procurement?
• Which effect indicates optimal use of space and inventory levels, with a high turnover ratio being favorable?
• Which describes a typical benefit for Suppliers when SRM is used?
• Which arrangement occurs when a company buys one of its customers?
• Which term describes sharing a process between internal staff and external providers?
• Which ethical approach emphasizes the greatest good for the most people?
• Used to produce one or a few products in high volume describes which?
• Product designed, engineered, and built to a customer's wants after receipt of the order. Unique product every time.
• Which phrase refers to the collection of methods such as waste reduction, lean layouts, and small batch scheduling?
• Which ethical approach emphasizes doing what is right?
• Which factors are commonly included in Supplier Evaluation?
• Reasons for International Purchasing include which of the following?
• Which framework is the basis for LEAN?
• Which statement best explains a key feature of the Weighted-Criteria Evaluation System?
• Which role emphasizes sharing information and maintaining a small set of high-quality suppliers to avoid extra risk?
• Which negotiation style is most likely to sacrifice short-term gains for long-term partnerships?
• Which term is the broad process of acquiring goods and services for an organization?
• Which concept is used to measure and report the social impact of sourcing activities?
• What is a primary advantage commonly associated with single-source suppliers?
• What is the name of the management philosophy that states all employees must maintain high standards in all aspects of a company's operations?
• Which concept describes supplier reps embedded in the buyer's purchasing group to increase communication speed?
• Acceptance Sampling involves randomly selecting a subset of goods to inspect against a quality standard. What term describes this approach?
• Which term describes the production philosophy that minimizes waste and emphasizes continuous improvement?
• A facility that produces a small number of identical items in a single production run, such as baking batches, fits which production type?
• Which framework uses Plan, Do, Check, Act to implement changes?
• Which term denotes the complete cost of production and delivery per unit?
• In multi-sourcing, what is a key impact on supply risk?
• What term describes the group of suppliers a company buys from?
• High risk, low value items are managed as which category?
• Which external document indicates types, quantities and agreed prices?
• High risk, high value items are managed through which strategy?
• Which production type is characterized by producing a large variety of products with different processing requirements, i.e., high mix, low volume?
• In acceptance sampling, which scenario describes buyer risk?
• Involve suppliers early to help integrate the process.
• What term refers to the consolidated list of suppliers a company engages with to procure inputs?
• Which term describes the function of coordinating supplier relationships, contracts, and performance to ensure supply continuity?
• A Dell-like product that is assembled quickly from standard components after an order is received fits which production type?
• Which internal document defines the need for goods/services, when and where you need them?
• Which term describes the initial step that leads to finalizing a contract by obtaining supplier confirmation?
• Which concept emphasizes building trust, shared vision, mutual benefits, and information sharing to improve supplier relationships?
• Which purchasing structure concentrates authority at the corporate level?
• Manufacturing starts after a customer's order is received describes which system?
• What is a major drawback of relying on a single supplier?
• Which arrangement stores a specific quantity of an item at the buyer's location with supplier-recommended orders when stock falls below a threshold?
• Identify Suppliers refers to which activity?
• Low risk, high value items are typically managed using which strategy?
• Which type of negotiation yields lose/lose results and is often counterproductive and competitive?
• Which framework originated from automotive manufacturing and underpins LEAN practices?
• Which concept emphasizes that all employees are responsible for identifying quality problems?
• Co-Sourcing is defined as which of the following?
• Which combination is cited as drivers of strategic sourcing?
• Which sequence best describes the path to a binding contract?
• What is described as a benefit of being a certified supplier?
• Which term is synonymous with waste-reduction, process improvement, and empowerment of workers to achieve continuous improvement?
• Which production system runs 24/7 with large quantities, such as consumer staples?
• Creating a finished product from raw materials, especially in mass production.
• Which option would NOT be considered a goal for purchasing?
• Which document is typically used to initiate a request for goods or services within an organization?
• In the context of sourcing strategies, what term describes purchasing from a single supplier?
• Which management philosophy eliminates non-value-added activities and aims to reduce costs and improve quality?
• Which effect indicates managerial prowess, generating profits with lower spending?
• Which of the following is a goal for purchasing?
• Which supplier type is described as being higher value than competitors, reliable, trusted, and able to meet unexpected demand?
• Which business philosophy is described as a philosophy of waste reduction and value enhancement?
• Which tool displays data points to reveal correlation between two variables?
• Award winning suppliers serve as role models for other suppliers. Recognition motivates suppliers and increases supplier loyalty, etc.
• The DMADV sequence (Define, Measure, Analyze, Design, Verify) is used for which purpose?
• Which of the following is NOT listed as one of the seven quality control tools in the material?
• Supplier selection is based on which criteria?
• In acceptance sampling, even if the sampled items show zero defects, why might there still be damaged items in the shipment?
• Which sourcing technique involves pre-qualified suppliers entering a website at a designated time to underbid others to win the buyer's business?
• Which term describes companies sharing information and resources to gain mutual benefit?
• Forward Vertical Integration involves which action?
• Which statement best describes a common con of multi-sourced suppliers?
• Which approach is designed to coordinate supply chain activities to deliver higher service levels while reducing costs?
• Which statement best describes the risks of buying in supply chain management?
• What are the five elements of the LEAN 5S methodology?
• Which framework is focused on social responsibility by ensuring ethical considerations in business operations?
• In sourcing strategies, what does the term "Single Source" describe?
• Which tool helps prioritize problems by frequency of occurrence?
• Which role is associated with working in teams, monitoring quality, and improving the production process?
• Which concept describes plans that level workload across the plant to avoid capacity bottlenecks and meet demand?
• In the context of quality costs, which category is primarily concerned with detecting defects through inspection and testing?
• Which negotiation approach yields a win/win result and requires open discussions and establishes long-term relationships?
• Which strategy aims to enhance service levels through close cooperation among retailers, wholesalers, and manufacturers?
• In the context of supplier evaluation, which item is NOT typically listed as a metric?
• Which concept emphasizes delivering materials exactly when needed to minimize inventory?
• Which function is the process of determining the materials and services a company needs (identify, acquire, access, position and manage resources)?
• Merchants are defined as which of the following?
• Which option reflects the core idea of sustainable sourcing?
• What is the term for the practice of business ethics by a corporation?
• In purchasing, which factor relates to selecting strategic suppliers to improve quality and product design?
• Which role is primarily responsible for fostering cooperation and rewarding employees who adopt LEAN practices?
• Which concept refers to rapid replenishment of stock with direct access to data?
• Which document solicits bids from interested and qualified suppliers for goods or services that an organization needs to obtain?
• Which costs occur when a product or service that does not meet quality standards is identified before it reaches the customer?
• Which sourcing approach is typically best for functional products with stable demand?
• Which role focuses on creating an atmosphere of cooperation and rewarding employees who use LEAN?
• Creates a custom product for each customer (Architects, small companies typically) describes which?
• Which 5S element focuses on documenting standards and ensuring consistent methods to sustain improvements?
• Which term refers to involving suppliers early in product design to facilitate integration and collaboration?
• Which production method describes products moving along an assembly line, typical in automotive manufacturing?
• External Failure Costs are costs incurred when a product or service fails to meet quality standards and issues are detected after delivery to the customer. Which term describes this type of cost?
• Industrial buyers are used for the acquisition of what?
• Which outcome is commonly associated with SRM for buyers?
• What term is used for planning and managing all third-party interactions that supply goods and services, with a focus on value creation?
• Which practice is recommended for bottleneck items to manage risk?