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Exam 6: Procurement

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Question 21

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What do you suggest should be done to bring moral values into the situation so that the developing countries are somewhat in accordance with Western standards? Keep in mind that the risks involved in such environments are much higher than the risks of conducting business in Western markets.Also,note that some cultures see bribery as a way to better distribute wealth among their citizens.

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Because this case involves org...

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Question 22

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Procurement's historical focus in many organizations was to ____.

A) incur minimal supply disruptions
B) use a limited number of suppliers
C) minimize loss and damage
D) achieve the lowest possible cost

E) A) and B)
F) A) and C)

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Question 23

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What are the total costs given in the case for the option of moving via Syria?

Global procurement refers to buying components and inputs anywhere in the world.

____ is the third step of the supplier selection and evaluation process.

Which of the following is not a potential benefit associated with procurement cards

Should Terim let somebody else complete the transaction because he knows that if he does not sell to the North Koreans somebody else will?

Single sourcing consolidates purchase volume with a single supplier in hopes of increasing cooperation and communication in the supply relationship as well as ____.

Single sourcing consolidates purchase volume with a single supplier with the hopes of enjoying lower costs per unit.

Because global sourcing increases the distance that components and inputs must be moved,managers must consider the tradeoff between transportation and holding costs.

____ suggests that there will be 3.4 defects,deficiencies,or errors per one million opportunities.

____ refers to the raw materials,component parts,and supplies bought from outside organizations to support a company's operations.

Any organization in the world can apply for the Malcolm Baldrige Quality Award.

One benefit to procurement cards is that they are easily used outside their domestic market.

A contemporary procurement manager might have responsibility for reducing cycle times and for generating additional revenues by collaborating with the marketing department.

The relevance,importance,and challenges associated with socially responsible procurement are likely to lessen in the coming years.

ISO 14000 suggests that there will be 3.4 defects,deficiencies,or errors per one million opportunities.

A focus on satisfying internal customers is associated with which procurement objective?

____ essentially allows an organization to determine if it complies with its specific quality system,while ____ is more heavily focused on the actual results from a quality system as well as on continuous improvement.

Global procurement is primarily driven by the input-output and market-access strategies.