Bus 230 Quiz

922 Words4 Pages
BUS 230 WK 2 Quiz Chapter 1 Purchase this tutorial here: http://xondow.com/BUS-230-WK-2-Quiz-Chapter-1-BUS2301.htm 1. The design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer is called: a. strategic sourcing. b. value management. c. customer relationship management. d. supply chain management. e. strategic process management. 2. As supply chains have become more global, the risk of supply disruptions has: a. decreased because risk is spread among suppliers all over the world. b. decreased because there are also more international laws and treaties. c. stayed the same because the issues are similar wherever suppliers are located. d. increased because…show more content…
a and b. e. a, b and c. True and False 1. The true test of supply’s contribution is when the chief executive officer and the management team recognize the value of supply and suppliers in reducing prices paid for goods and services. 2. Sustainability initiatives include the effective and efficient capture and disposition of downstream products from customers and the reduction of the impact of the organization’s supply chains on the natural environment 3. Terms such as purchasing, procurement, supply, supply chain and logistics do not have standard definitions that are widely used across sectors and industries. 4. Reductions in inventory investment primarily come from getting users to reduce their demand for inventoried items. 5. Supply management has evolved from a transaction-based, tactical function to a process-oriented, strategic function. 6. One of the most important steps in achieving the potential of the supply function in a company is elevation of the chief supply officer to executive status. 7. The increase in outsourcing has resulted in an increase in the percentage of revenue paid out to suppliers. 8. Since labor and other costs greatly exceed outlays for purchased materials and services in most service organizations, supply is of little consequence in most service…show more content…
Supply makes a limited contribution to organizational risk management since most supply decisions have few downside risks that might impact the organization’s strategy. 10. The total purchase sales ratio (the percentage of sales dollars paid out to suppliers) varies little from industry to industry. More Questions Included... Tags: bus230, bus 230, Purchasing and Materials Management, bus230 complete, bus 230 complete, bus230 entire, bus 230 entire, bus230 strayer, bus 230 strayer, bus 230 strayer complete, bus230 strayer complete, bus 230 full class, bus230 full class, bus230 testbank, bus 230 testbank, bus230 quiz bank, bus 230 quiz 1 all possible questions, bus230 assignment 1 Interview a Purchasing and Supply Management Professional, bus 230 assignment 1 Interview a Purchasing and Supply Management Professional, bus230strayer assignment 1, bus 230 strayer assignment 1, bus230 assignment 1, bus 230 strayer assignment 1 Interview a Purchasing and Supply Management Professional, Assignment 2 – Perform Purchasing Agent Duties, bus 230 assignment 2, bus230 assignment 2, bus230 assignment 2 Perform Purchasing Agent Duties, bus 230 strayer assignment 2 Perform Purchasing Agent Duties, bus230 strayer assignment 2 Perform Purchasing Agent
Open Document