Supply Management free essay sample

E)Monthly conferences 34. The effect of different materials on productivity and cost is often the result of: A)Using less costly materials B)Using the latest hi tech materials C)Using computer run machines D)Using more costly materials E)Faster delivery of the materials 35. Which of the following is not a step in the â€Å"Six-step Environment Monitoring Strategy† presented in Chapter 3? A)Identify the major suppliers and customers of the materials and services. B)Build a model that predicts the material (or service) behavior. C)Monitor the model to determine its accuracy. D)â€Å"Run quantitative models to confirm your strategy† E)Continuously make improvements as new relationships are understood and additional data becomes available. 36. In the introductory case at the beginning of Chapter 3, Ted Jones, supply manager for the Eagle Manufacturing Company, expressed his concern about the issue of adequate lead-time for the purchase of a new robot. How much does the lack of adequate lead-time cost in the case? A). We will write a custom essay sample on Supply Management or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 5 million B)$1. 7 million C)$12. 7 million D)$11 million E)None of the above 37. Why does supply in non-manufacturing organizations have as much impact on profits as it does on manufacturing firms? A)The global nature of services B)Competition in the service industry C)The nature of personal services D)Type of suppliers E)In the absence of engineering departments, supply management must often be the leader in determining requirement 38. Which one does not contribute to the potential conflict between design engineers and supply management professionals? A)Supply managers are only interested in the bottom line B)Engineers naturally tend to design conservatively C)Engineers usually disregard cost or availability D)Supply managers are concerned with cost and availability E)Both differ in their concepts of material 39. What should be the relationship between supply management and logistics? A)Logistics department plays the dominant role B)Supply management plays the dominant role C)Professional and excellent regardless of their task D)No relationship E)An adversarial relationship 40. What approach should attorneys who are involved in supply management embrace? A)Transactional B)Aggressive C)Conservative D)Collaborative E)Adversarial 41. the many internal interfaces of the supply management function begin with: A)Engineering B)Material control C)The customer D)Operations E)Production Control 42. One of the key reasons for a proper interface between design engineering and supply management is: A)Early supplier involvement can reduce design costs and time to market B)It reduces conflict on specifications C)It helps reduce inventory D)It improves ROI E)It improves quality