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33:799:301 Study Guide - Quiz Guide: Vendor-Managed Inventory, Strategic Sourcing, E-ProcurementExam


Department
Supply Chain Management
Course Code
33:799:301
Professor
A Taitt
Study Guide
Quiz

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QUIZ 6
The concept of distributive negotiations refer to both sides working together to create “win-win”
result or positive outcome for both parties
FALSE
“Rationalizing the supplier base” typically means that the company is trying to reduce the number
of supplier in its supplier network
TRUE
Which of the following statement is true?
VMI stands for Vendor Managed Inventory
Which of the following terms refers to an act that creates the greatest good for the greatest
number of people?
Utilitarianism
A supplier code of conduct is intended to inform suppiers of ethical sourcing expectations and is
typically a condition for becoming an approved supplier
TRUE
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
An outsourcing program can result in all of the following positive outcomes except
Decreased need for supplier management
Managing a companys external resources in ways that support the long term goals of the
companu can be referred to as?
Strategic sourcing
Pain and Gain share contract provisions are associated with supplier rewards and recognition
programs
True
While paperless tranactions are now possible through e-procurement and web based services
therse would NOT be considered sustainable business practices
FALSE
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