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Quick Check - Topic 14

QuestionAnswer
A relationship where you cultivate close working relationships to improve processes or develop innovative products is known as which of the following? - Transactional relationship - Strategic alliance - Leverage relationship -Arm’s-length relationship Strategic alliance
To collaborate effectively with alliance partners you have to share resources and be willing to accept inter-dependencies. - True - False True
Which of the following is true regarding the pressure to “make the numbers”? - Drives opportunism - Creates a social dilemma - Is driven by short-term operating and financial mindsets - Hinders value co-creation - All of the above All of the above
Trust is built by which of the following? - Withholding information - Taking advantage of the skills of alliance partners - Being empathetic - All of the above Being empathetic
Intent and behavior are the building blocks of trust-related capabilities. - True - False True
Supply base rationalization means reducing the overall (i.e., total) number of suppliers to the least amount needed to meet your demand. - True - False False
Many factors influence the decision of whether to single source or multiple source. Which of the following is not one of those factors? -Purchasing philosophy of the buying firm -Characteristics of the market -Buyer capabilities -Supplier capabilities Buyer capabilities
The supply base rationalization process is a strategic review of your supply base and follows the supplier selection template. - True - False True
Honda’s BP program includes which of the following? - Best position - Best price - Best product - Best performance - All of the above All of the above
Honda follows Deming’s PDCA model. Which of the following is a process step in that model? - Perform - Act - Deliver - Count Act
Created by: tgalless
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