Shared Flashcard Set

Details

SCM 4350
test 1
12
Business
Undergraduate 4
09/28/2014

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Cards

Term
Supply base reduction is a strategy that decreases company’s overall leverage and therefore should not be pursued T/F
Definition
False
Term
Most companies aggressively pursue supplier development activities and reap the reward and benefits of their efforts thru better pricing shorter lead times and better terms and conditions T/F
Definition
True
Term
RFP stands for
Definition
requested for proposal
Term
Reverse auction award business to the highest bidder T/F
Definition
False
Term
Conditions demanding negotiation include all of the following except:
Definition
a. use when it is easy to estimate costs with a high degree of accuracy
b. use when price is the only important variable
c. don’t use when special tooling and setup costs are a major factor
Term
Bidding and negotiation produce exactly the same results and can be used interchangeably T/F
Definition
False
Term
Evaluation potential suppliers include all of the following Except:
Definition
Investor capability analysis
Term
Supplier discovery methods include all of the following Except:
Definition
Radio and television ads
Term
The sequence of Strategic Sourcing Plan stages is as follows Discovery, selection, evaluation, Development, and management T/F
Definition
False
Term
The following and dangers of outsourcing
Definition
Loss of control
Loss of client focus
Term
Incremental “make” costs include all of the following Except:
Definition
Incremental following costs related to quality of services
Term
Prerequisites to bidding includes all of the following Except:
Definition
c. Both qualified and non-qualified suppliers may participate
d. dollar value must be small
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