Question: Question 16 (1 point A category strategy is a decision process used to identify which suppliers should provide a group of products or services. Question

Question 16 (1 point

A category strategy is a decision process used to identify which suppliers should provide a group of products or services.

Question 16 options:

True
False

Question 17 (1 point)

Central to the design of all supplier measurement systems is the decision about what to measure and how to weigh various performance categories.

Question 17 options:

True
False

Question 18 (1 point)

Reliance on a firm's suppliers for raw materials, components, sub-assemblies, and even finished products is steadily decreasing.

Question 18 options:

True
False

Question 19 (1 point)

As the cost of goods and services decreases the companies shareholder value decreases.

Question 19 options:

True
False

Question 20 (1 point)

It can take only a few months for a company to adequately develop a quality management system that is competitive for the MBNQA.

Question 20 options:

True
False

Question 21 (1 point)

Purchasing should consider only suppliers that are capable of meeting rigid quality and delivery standards, although far too often, price differentials become the primary criterion behind an offshore sourcing decision.

Question 21 options:

True
False

Question 22 (1 point)

ISO 14000:2004 does not build upon existing governmental regulations, establish emissions and pollution levels, or detail any specific testing methods.

Question 22 options:

True
False

Question 23 (1 point)

A critical assessment of the increased supply risks associated with offshore sources must be made after contracting, not before a commitment is made.

Question 23 options:

True
False

Question 24 (1 point)

Multiple sourcing can add quality variability to the sourced product due to the use of different materials and processes.

Question 24 options:

True
False

Question 25 (1 point)

Buyers are never reluctant to shift business from domestic sources to unknown foreign sources.

Question 25 options:

True
False

Question 26 (1 point)

Using existing suppliers, because it is easier and quicker, is always the best long-term approach.

Question 26 options:

True
False

Question 27 (1 point)

In general, the more important the commodity, the less likely that cross-functional members and user groups will be involved.

Question 27 options:

True
False

Question 28 (1 point)

Inventory carrying costs are associated with international purchasing.

Question 28 options:

True
False

Question 29 (1 point)

A major source of information on potential supply sources comes from current or existing suppliers.

Question 29 options:

True
False

Question 30 (1 point

In recent years, the concept of quality has changed radically from meeting customer requirements or expectations to exceeding them.

Question 30 options:

True
False

Question 31 (1 point)

As a strategic planning tool, a SWOT analysis can provide insight even with limited data.

Question 31 options:

True
False

Question 32 (1 point)

Buyers can minimize supply disruption risk from a single suppler by selecting a supplier with multiple production facilities.

Question 32 options:

True
False

Question 33 (1 point)

In order to gain access to the lowest costs, cutting-edge technology, and best capabilities, organizations must scan the global landscape in search of the best suppliers.

Question 33 options:

True
False

Question 34 (1 point)

Buyers should be cautious when reducing the supply base.

Question 34 options:

True
False

Question 35 (1 point)

Objectives drive goals, whether at the highest levels of an organization or at the functional or department level.

Question 35 options:

True
False

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