OPS/330T: Strategic Operations and Logistics Topic 5 Quick Check - Supplier Evaluation and Selection Note: You have unlimited attempts to take this assessment. Your highest score will be recorded. Points: 10 Your Submission: Started on Nov 18 at 10:07 1 2 3 4 5 6 7 8 9 10 1 As a purchasing professional. what is your most important decision? O Monitor inventory O Choosing the right supplier O Getting the lowest price O Check deliveries for accuracy O All of the above 2 Which of the following is a benefit of buying direct from a distributor? O Lower prices and better service O Access to a wider bundle of products and emerging technologies O Invest more resources in supplier selection and management. O All of the above O None of the above 3 Which of the following is a benefit of buying direct from a manufacturer? O Lower prices and better service O Access to a wider bundle of products and emerging technologies O Invest more resources in supplier selection and management. O All of the above O None of the above 4 Single sourcing is a strategy used by some organizations. Which of the following is a benefit of single sourcing? More products for less O Risk mitigation O Lower freight costs O Better market scanning ability O All of the above are benefits 5 High-volume purchases that are important to your operations would be considered what kind of buy? O Routine O Critical O Leverage O Bottleneck None of the above 6 A scorecard should measure which of the following? O Performance on potential orders O Supplier preferences O The same metrics you used to select the supplier O How nice the supplier is O All of the above 7 Which of the following is a valuable source of supplier information? O Purchasing databases O Previous experience O Purchasing consortiums O Trade publications O All of the above are sources of supplier information 8 Which of the following is a reason you want to have multi-criteria analysis as a tool in your decision-making toolkit? Multi-criteria analysis is intuitive. O Multi-criteria analysis enables you to quantify qualitative issues. O Multi-criteria analysis is widely applicable; that is, you can use it whenever decision-making requires comparing options. O Multi-criteria analysis invites you to do disciplined homework to that you make a good decision. O All of the above 9 How can you increase your attractiveness as a customer-i.e., become a customer of choice? O Increase the amount you spend O Increase the amount of service you ask for O Increase the demands on the supplier O Call the supplier more frequently to talk O None of the above 10 How can you increase your attractiveness as a customer-i.e., become a customer of choice? Call the supplier to ask questions O Tell the supplier what you can do for him O Offer a transactional relationship O Ensure that you are a source of learning O None of the above