Question 1. 1. (TCO 1) “Lean thinking” can help reduce total cost of ownership (

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Question 1.1. (TCO 1) “Lean thinking” can help reduce total cost of ownership (TCO), which means the supply team in the entire chain must work to _____. (Points : 5)        lower conversion cost
       reduce cycle time cost
       reduce risk cost
       reduce nonvalue costs
       reduce processing costs
Question 2.2. (TCO 1) The term supply management is broader than the purchasing function because it _____. (Points : 5)        includes marketing
       includes operations and production
       includes managing relationships with suppliers
       includes negotiating enforceable contracts Question 3.3. (TCO 2) Which of the following is not a step in the Six-Step Environment Monitoring Strategy presented in Chapter 3? (Points : 5)        "Identify the major suppliers and customers of the materials and services."
       "Build a model that predicts the material (or service) behavior."
       "Monitor the model to determine its accuracy."
       “Run quantitative models to confirm your strategy.”
       "Continuously make improvements as new relationships are understood and additional data become available." Question 4.4. (TCO 2) Which one does not contribute to the potential conflict between design engineers and supply management professionals? (Points : 5)        Supply managers are only interested in the bottom line.
       Engineers naturally tend to design conservatively.
       Engineers usually disregard cost or availability.
       Supply managers are concerned with cost and availability.
       Both differ in their concepts of material. Question 5.5. (TCO3) In the investigation phase, the development of alternatives encompasses all of the following considerations except one. Which does not belong to the list? (Points : 5)        Value analysis
       Suitability
       Producibility
       Component availability
       Customer acceptability Question 6.6. (TCO3) Which of the following is not associated with the development phase of the design process? (Points : 5)        Development of prototypes
       Design reviews
       Qualification testing
       Failure analysis
       Value analysis Question 7.7. (TCO3) Which of the following is not one of the recommendations given in the textbook for supply managers to do so that the supply department's involvement in design is viewed by engineering as an asset and not a nuisance? (Points : 5)        Convince upper management to establish policies that force engineering to coordinate with supply management on the design process.
       Supply managers must acquire skills and knowledge.
       Learn how to read engineering drawings.
       Learn technical terms.
       Meet with supplier's sales personnel to review technical information about products. Question 8.8. (TCO3) Which of the following is not all approach in developing balanced specifications from the perspective of a supply professional? (Points : 5)        Informal Approach
       Supply Management Coordinator Approach
       Engineering Approach
       Consensus Development Approach
       Cross-Functional Approach Question 9.9. (TCO3) Which of the following is a simple specification based on the categorization given in the textbook? (Points : 5)        Samples
       Commercial standards
       Design specifications
       Engineering drawings
       Material and method of manufacture Question 10.10. (TCO3) Which of the following problems is not a type of standard? (Points : 5)        Local standard
       International standard
       Industry standard
       National standard
       Company standards Question 11.11. (TCO3) Which of the following questions does not typically belong on a value-engineering checklist? (Points : 5)        Can more parts be used to achieve the same quality?
       Can you make the item less expensively in your plant?
       Is the item properly classified for shipping purposes to obtain lowest transportation rates?
       Can cost of packaging be reduced?
       Are suppliers contributing suggestions to reduce cost? Question 12.12. (TCO3) Which of the following bullets is not one of the considerations to include when writing specifications? (Points : 5)        Design and marketing requirements
       Accounting requirements
       Manufacturing requirements
       Inspection's requirements to test materials
       Stores' requirement to receive, store, issue material Question 13.13. (TCO3) Which of the following is not one of the four formats for statements of work? (Points : 5)        Performance SOW, which details everything the buyer wants
       Functional SOW, which defines what the buyer is “trying to do”
       Design SOW, which is the most detailed type of statement of work
       Development SOW, which specifies the assistance that a buying firm must provide the supplying firm during the length of the contract
       Level-of-Effort SOW, which is a specialized version of the performance statement of work Question 14.14. (TCO3) Which of the following is not one of the tips on writing an effective SOW given in the textbook? (Points : 5)        Limit abbreviations to those in common usage.
       Include procedures.
       Do not over specify or overstate.
       Always integrate escape clauses.
       Eliminate extraneous statements.

Question 15.15. (TCO3) Which of the following is not one of the tips on writing an effective SOW given in the textbook? (Points : 5)        Be clear.
       Use active, not passive, tenses.
       Utilize legalese to hide negative issues .
       Be precise.
       Spell out the buyer's obligations carefully. Question 1.1. (TCO 1) “Lean thinking” can help reduce total cost of ownership (TCO), which means the supply team in the entire chain must work to _____. (Points : 5)        lower conversion cost
       reduce cycle time cost
       reduce risk cost
       reduce nonvalue costs
       reduce processing costs

Explanation / Answer

1. reduce processing costs

2. includes managing relationships with suppliers

3. "Build a model that predicts the material (or service) behavior."

4. Engineers naturally tend to design conservatively.

5. Component availability

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