2. Commodities are items or services that are low in risk but high in value. a. True b. False False Um outside suppliers. 3. Landed costs are independent of sales/FOB terms. a. True b. False a. True b. False cision when analyzing whether to "make or buy," they may still have to purcha oint each). 4. Data management and analytics for tracking part numbers and supplier information are essential for com sizes. Indicate the answer choice that best completes the statement or answers the question (2 Poir 5. The concept that represents the sum of all costs associated with making and delivering products to are needed is called: a. purchase/acquisition cost. b. strategic sourcing costs. c. life cycle costs. d. total landed cost. 6. Strategic sourcing as a process is far more broad and comprehensive than procurement. Overa the: a. development of a planning committee. b. creation of a list of suppliers. c. decision of whether to make or buy. d. formation of a list of "criticals." 7. In the Implement Sourcing Strategy step, the most important thing is to: a. agree on supplier selection criteria. b. choose a supplier or suppliers, depending on the objectives of the sourcing decisio c. verify which suppliers are either TQM or ISO 9000. d. finalize understandings and agreements with new suppliers. 8. In the Item Procurement Importance Quadrant, what item is described as low risk, l a. Generics b. Commodities c. Criticals

hise b. Fille a. Tres *. liferowte suints A. sual livalina ione! th. creation of a lise of swopliers a formakine of a list of "eriticals." a. aproc on vepplier seloction cricera: c. verify which wappliers are einher JOM oe 18007000 . d. firalize undersiandings and agrecencints with new supplion a. Generich b. Conamodities. c. Criticals