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Quick Check - Topic 6

QuestionAnswer
To effectively align buying strategies, a supply manager must understand the overall goals of the business. - True - False True
What does the strategic positioning of BMW include? - Fastest cars - Highest price - Lowest price - High quality High quality
Defining the company's competitive position has guidelines that include which of the following? - Value proposition - Strategic positioning - Role of purchasing - Role of category - All of the above All of the above
The key to alignment is to understand the goals or mission of the organization that you work for, then look at the goals of the operations area. - True - False False
What does looking at production processes allow you to look for? - A donut shop - A retail store - A job shop - All of the above A job shop
Your primary goal as a purchasing agent is to try to ensure an interrupted flow of supply. - True - False False
The nature of the item and process includes an assessment of which of the following? - Complexity - Type of materials - Labor content - Production process - All of the above All of the above
The more control you have over price and availability, the better you can reduce risk. - True - False True
Beyond total supply, as a purchasing agent, what else would you need to track? - Optimization models and capacities - Cost drivers and optimization models - Capacities and capabilities - Capabilities and cost drivers - Capacities and cost drivers Capacities and capabilities
An action plan translates theory into practice. - True - False True
Suppliers can be segmented in only one way. - True - False False
What does an implementation planning document look at?­­ - Who, what and how - Where, when and how - How, why and when - When, who and what - What, when and where When, who and what
If a company spends $5 million annually on its goods and services, what percent of the total spend is $4,000,000? - 15% - 1% - 10% - 5% - 80% 80%
As a purchasing agent, cost modeling helps you choose the supplier with the right capabilities. - True - False True
Created by: tgalless
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