What is postponement?

Question 1 options:

	Segmenting suppliers based on risk
	Ensuring careful contract language
	It is comparable to near-sourcing
	Waiting to customize a product until the last minute
	The purchase of future contracts

Question 2 (1 point)

The risk of price volatility can be addressed by which of the following?

Question 2 options:

	Part standardization
	Contract language
	Supplier segmentation
	Supplier selection
	Supplier monitoring

Question 3 (1 point)

Which of the following statements is true?

Question 3 options:

	There is a great deal of apathy in supply risk management
	Most companies do a good job quantifying risks when outsourcing production
	Companies are well versed in supply chain risk management
	Most supply chains are structured in such a way that risks would not impact them
	Supply chain risk management has always been a top priority for companies

Question 4 (1 point)

Which is usually the last step in a risk management process?

Question 4 options:

	Risk consequence
	Risk identification
	Risk mitigation
	Risk exposure
	Risk monitoring

Question 5 (1 point)

Risk management is becoming more and more important.

Question 5 options:

	True
	False

Question 6 (1 point)

What issues does the supply side include?

Question 6 options:

	Capabilities of existing suppliers
	Aggregation of supply situation
	Potential shocks or disruptions
	Governmental regulations
	All of the above
	None of the above

Question 7 (1 point)

There is a lot of volatility in pricing even in more common categories such as lumber.

Question 7 options:

	True
	False

Question 8 (1 point)

Total cost of ownership tries to determine what it really costs to do business with a particular supplier in a particular location. What costs might be considered if you are doing business with a supplier in China?

Question 8 options:

	Transportation costs
	Cost of holding inventory
	Duties
	Tariffs
	Security
	All of the above
	None of the above

Question 9 (1 point)

Supply side issues include(s) which of the following?

Question 9 options:

	Governmental regulations
	Scarcity of resources
	Duties/Tariffs/Taxes
	Total cost of ownership
	Political and ecological trends or problems
	All of the above

Question 10 (1 point)

For high-technology processing you might look at a/n ___________process technology.

Question 10 options:

	easy
	difficult
	cumbersome
	automated
	All of the above
	None of the above

Question 11 (1 point)

Reputational impact is a relatively easy concept to quantify.

Question 11 options:

	True
	False

Question 12 (1 point)

Automation is a way to take high labor content jobs and reduce the labor cost.

Question 12 options:

	True
	False

Question 13 (1 point)

The make decision is most clearly related to which of the following?

Question 13 options:

	Outsourcing
	Reshoring
	Shared Services
	Insourcing
	Onshoring

Question 14 (1 point)

What does hallowing out of corporations mean?

Question 14 options:

	Too much has been reshored
	To much flesh and not enough bone
	Lots of bones but not enough flesh
	Outsourcing of core competencies
	None of the above

Question 15 (1 point)

What astonishing announcement did Adidas make in June of 2016?

Question 15 options:

	They were going out of business
	They were entering the computer business
	They reshored shoe manufacturing to Germany
	They offshored shoe manufacturing to China
	Their cost of goods sold decreased 30%

Question 16 (1 point)

Trade shows are used in only a few industries as a way to connect with colleagues, check out the latest products and put together deals with suppliers.

Question 16 options:

	True
	False

Question 17 (1 point)

Which of the following is a poor match between buyer and supplier for all types of buys?

Question 17 options:

	Nuisance
	Exploitable
	Development
	Core
	Both A & B
	None of the above

Question 18 (1 point)

The approval stage of supplier selection parallels draft day in which of the following ways?

Question 18 options:

	You ve done your homework and know who is qualified to sell to you
	You need to pick the best available supplier
	You always pick the right supplier
	Top management joins the process for small-dollar-value buys
	None of the above i.e., the two are not comparable
	Only A & B

Question 19 (1 point)

How can you increase your attractiveness as a customer i.e., become a customer of choice?

Question 19 options:

	Call the supplier to ask questions
	Tell the supplier what you can do for him
	Offer a transactional relationship
	Ensure that you are a source of learning
	None of the above

Question 20 (1 point)

Which of the following is a valuable source of supplier information?

Question 20 options:

	Current suppliers
	Personal contacts
	Directories
	Trade shows
	All of the above are sources of supplier information