Term
| Supply base reduction is a strategy that decreases company’s overall leverage and therefore should not be pursued T/F |
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Definition
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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 |
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Definition
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Term
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Definition
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Term
| Reverse auction award business to the highest bidder T/F |
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Definition
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Term
| Conditions demanding negotiation include all of the following except: |
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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 |
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Term
| Bidding and negotiation produce exactly the same results and can be used interchangeably T/F |
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Definition
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Term
| Evaluation potential suppliers include all of the following Except: |
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Definition
| Investor capability analysis |
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Term
| Supplier discovery methods include all of the following Except: |
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Definition
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Term
| The sequence of Strategic Sourcing Plan stages is as follows Discovery, selection, evaluation, Development, and management T/F |
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Definition
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Term
| The following and dangers of outsourcing |
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Definition
Loss of control
Loss of client focus |
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Term
| Incremental “make” costs include all of the following Except: |
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Definition
| Incremental following costs related to quality of services |
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Term
| Prerequisites to bidding includes all of the following Except: |
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Definition
c. Both qualified and non-qualified suppliers may participate
d. dollar value must be small |
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