Strategic planning can be defined as:

Multiple Choice

• an action plan to achieve specific long-term goals and objectives.

• an action plan to achieve specific operational and tactical goals.

• a procedure for allocating resources to appropriate functions in the organization.

• taking big risks to maximize current period benefits.

• how each functional area will achieve its specific goals and objectives.

Organizational objectives and supply objectives typically are expressed:

Multiple Choice

• in ways that are very specific to the organization, making it difficult to convey objectives to suppliers.

• differently, providing the supply manager multiple opportunities to tap into organizational resources.

• the same (survival, growth, financial, and environmental), making it easy to translate organizational objectives into supply objectives.

• the same factors (quality, quantity, price, delivery and service), but long-term at the organizational level and short-term at the supply level.

• differently, making it difficult to translate organizational objectives into supply objectives.

Evaluation of the supply functions contribution to organizational goals and strategies can be viewed in the context of:

Multiple Choice

• B. strategic and transactional.

• A. operational and strategic.

• C. direct and indirect.

• E. both A and C above.

• D. both A and B above.