1. Which statement about SM (Supply chain Management) is not true? A) SM recognizes the global environment B) SM is a philosophy C) SM is synonymous with logistics D) SM is proactive E) SM spans functional boundaries

2. Which action is not necessary in implementing SM? A) Senior management must recognize supply management's critical nature to the firm B) Senior management must support the required transformation of supply management to world class C) Firms must know where they are in relation to where they want to be D) Firms must benchmark best-in-class practices and develop metrics E) Firms must force their suppliers into world-class compliance

3. The importance of supply management in any specific firm is determined by the following factors: A) availability of materials and services B) absolute dollar volume of purchases C) percentage of product cost represented by materials and services D) types of materials and services purchased E) All of the above

4. Of the purchasing/supply responsibilities and activities, ______ becomes more important as the function becomes responsible for supply and value network chains: A) buying supply management B) executive management C) strategic planning and research work D) contract and relationship management E) Supplier liaison work

5. Managing supplier relationships, contracts, placement of purchase orders and other transaction focused activities are _____ responsibilities: A) strategic B) short term C) long term D) operational E) action

6. When a firms major activity is research and development, the firm will most likely use: A) centralized purchasing B) headquarter purchasing C) decentralized purchasing D) hybrid purchasing structure E) a specialized purchasing staff at headquarters

7. E-commerce has facilitated the use of: A) centralized purchasing B) decentralized purchasing C) hybrid purchasing D) none of the above E) A, B & C

8. The most significant advantage of the supply chain management structure is: A) it facilitated a total systems approach to stimulate integration B) it uses the internet to extract key information C) it increases the visibility of the purchasing department D) it focuses management attention on quality E) it reveals that inventory costs are often understated ASSESSOR MODERATOR

9. Cross functional teams have proven to help: A) break down functional silos B) reduce new product development time C) facilitate integrated planning and coordination D) stimulate engineering change management control E) all of the above

10. Which of the following is not a strategic supply management activity? A) Corporate Strategic Plans B) Simulation Modeling C) Strategic Sourcing D) Strategic Supply Alliances E) Supply Chain / Supply Networks