With cross$-$sourcing, how many suppliers provide each component on a regular basis $($i$.$e$.,$ excluding backup suppliers$)?$

Group of answer choices

$1$

$2$

$3$

equal to the total number of components

equal to the number of countries to which the final product is sold

Flag question: Question $4$

Question $41$ pts

Even though a firm may have a low cost strategy, supply$-$chain strategy can select suppliers primarily on response or differentiation.

Group of answer choices

True

False

Flag question: Question $5$

Question $51$ pts

The transfer of some of what are traditional internal activities and resources of a firm to outside vendors is:

Group of answer choices

a standard use of the make$-$or$-$buy decision.

not allowed by the ethics code of the Supply Management Institute.

offshoring.

outsourcing.

keiretsu.

Flag question: Question $6$

Question $61$ pts

Warehouses sometimes perform certain other functions besides storing goods. Which of the following is NOT typically one of those functions?

Group of answer choices

purchasing

postponement

break$-$bulk activities

consolidation point

cross$-$docking

Flag question: Question $7$

Question $71$ pts

Which of the following is an advantage of the postponement technique?

Group of answer choices

reduction in automation

early customization of the product

better quality of the product

reduction in training costs

reduction in inventory investment

Flag question: Question $8$

Question $81$ pts

If a business adopts a low$-$cost strategy, it should build a supply chain with $\_\_\_\_\_\_\_\_.$

Group of answer choices

product development skills

modular design in products

fast transportation

buffer stock

minimized inventory

Flag question: Question $9$

Question $91$ pts

Which of the following is NOT an opportunity for effective management in the supply chain?

Group of answer choices

accurate "pull" data

vendor$-$managed inventory

postponement

local optimization

CPFR

Flag question: Question $10$

Question $101$ pts

One classic type of negotiation strategy is the market$-$based price model.

Group of answer choices

True

False

Flag question: Question $11$

Question $111$ pts

Because the supply chain has become so electronic and automated, opportunities for unethical behavior have been greatly reduced.

Group of answer choices

True

False

Flag question: Question $12$

Question $121$ pts

The new model of a tight, fast, low$-$inventory supply chain, operating across political and cultural boundaries, has reduced the overall level of supply chain risk.

Group of answer choices

True

False

Flag question: Question $13$

Question $131$ pts

Among which of the following industries are purchasing costs the LOWEST percentage of sales?

Group of answer choices

automobile

petroleum

restaurants

lumber

chemical

Flag question: Question $14$

Question $141$ pts

Which of the following is NOT true about reverse logistics as compared to forward logistics$?$

Group of answer choices

Inventory management is consistent.

Distribution costs are less directly visible.

Pricing is dependent upon many factors.

Speed is often not a priority.

Forecasting is more uncertain.

Flag question: Question $15$

Question $151$ pts

What are the four stages of supplier selection?

Group of answer choices

supplier evaluation, supplier development, negotiations, and contracting

supplier evaluation, negotiations, supplier acquisition, and supplier development

introduction, growth, maturity, and decline

supplier evaluation, supplier development, negotiations, and centralized purchasing

negotiations, contracting, centralized purchasing, and E$-$procurement

Flag question: Question $16$

Question $161$ pts

Designing distribution networks to meet customer expectations suggests what three criteria?

Group of answer choices

rapid response, service, and cost

rapid response, product choice, and service

product choice, cost, and service

cost$,$ process choice, and service

rapid response, cost, and process choice

Flag question: Question $17$

Question $171$ pts

Long$-$term "partnering" relationships are one of the main goals of the "many suppliers" sourcing strategy.

Group of answer choices

True

False

Flag question: Question $18$

Question $181$ pts

Japanese manufacturers often pursue a strategy that is part collaboration, part purchasing from a few suppliers, and part vertical integration. What is this approach called?

Group of answer choices

kanban

keiretsu

samurai

poka$-$yoke

kaizen

Flag question: Question $19$

Question $191$ pts

A blanket order is a long$-$term purchase commitment to a supplier for items that are to be delivered against short$-$term releases to ship.

Group of answer choices

True

False

Flag question: Question $20$

Question $201$ pts

Which of the following is NOT a condition that favors the success of vertical integration?

Group of answer choices

availability of capital

availability of managerial talent

sufficiently high demand

small market share

All of these favor the success of vertical integration.