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WorksheetsChapter 11 SCM
Total questions: 10
Worksheet time: 7mins
A firm that employs a low-cost strategy should minimize inventory throughout the supply chain.
TRUE
FALSE
In most manufacturing industries, which of the following would likely represent the largest cost to the firm?
transportation
purchasing
insurance
financing
The transfer of some of what are traditional internal activities and resources of a firm to outside vendors is
a standard use of the make-or-buy decision.
not allowed by the ethics code of the Supply Management Institute.
offshoring.
outsourcing.
The (a) decision involves choosing between producing a component or a service internally and purchasing it externally.
Transferring to external vendors a firm's activities that have traditionally been internal is known as (a) .
With the "many suppliers" sourcing strategy, the order usually goes to the supplier that offers the highest quality.
TRUE
FALSE
Vertical integration, whether forward or backward, requires the firm to become more specialized.
TRUE
FALSE
A fast-food retailer that acquired a spice manufacturer would be practicing forward integration.
TRUE
FALSE
Keiretsu refers to a company coalition that is part collaboration, part purchasing from many suppliers, and part vertical integration.
TRUE
FALSE
Long-term "partnering" relationships are one of the main goals of the "many suppliers" sourcing strategy.
TRUE
FALSE
