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Exam 3: Creating and Managing Supplier Relationship

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Question 1

Multiple Choice

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A company using a weighted-criteria evaluation system has established these 3 categories and the appropriate weight in parentheses: Quality(0.30) ,Delivery(0.40) ,Cost(0.30) . The scores for each category are shown below.Which of the following companies has the highest total score?

A) Company A: Quality(90) ,Delivery(80) ,Cost(60)
B) Company C: Quality(70) ,Delivery(95) ,Cost(60)
C) Company B: Quality(70) ,Delivery(80) ,Cost(80)
D) All companies scored the same.

E) B) and C)
F) A) and B)

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Question 2

Multiple Choice

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According to the textbook,which of the following companies utilizes a supplier development program called Supplier Continuous Quality Improvement (SQDI) focused on improving the quality of the goods and services purchased and minimize the time needed to inspect incoming products?

A) Target
B) Boeing
C) Intel
D) General Motors

E) None of the above
F) B) and C)

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C

Question 3

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Interpersonal relationships are not necessarily relevant to supplier relationships.

Which of the following is important in developing successful relationships in a partnership?

Organizations should be concerned with supplier relationships because a good relationship will guarantee a lower price for materials.

SRM software should be capable of:

An organization's process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections can be referred to as:

A seven-step approach to supplier development might include identifying critical suppliers not meeting performance requirements.

According to the text,the goal of a good performance evaluation system is to provide metrics that are:

The development of relationships with suppliers brings about changes that must be managed in order for a company to stay focused on their core businesses.

According to the text,one of the most basic and successful approaches to protecting trade secrets is:

An effective supplier certification program will increase time spent on incoming inspections.

The benefits of implementing an effective supplier certification program include all of the following EXCEPT:

Streamlining the processes and communications between the buyer and supplier using software applications that enable these processes to be managed more efficiently and effectively can be referred to as:

Summers,Inc.needs to generate a list of good/services purchased per supplier.Which type software program can the manager consult to obtain the information?

A company using a weighted-criteria evaluation system has established these 5 categories and the appropriate weight in parentheses: Quality (0.25) Responsiveness (0.10) Delivery (0.20) Cost (0.25) Technology (0.20) Company X received the following ratings in each of the five categories: Quality(90) ,Responsiveness(90) ,Delivery(80) ,Cost(80) ,Technology(90) .What is their total score?

The Hormel company awards their Hormel Food Corporation's No.1 Award to their top supplier.How often to the give this award?

The process of certifying a new supplier is considered what type of major cost category?

Costs associated with investigating alternative suppliers and investigating alternative delivery options can be classified as:

Supplier Development includes all EXCEPT which of the following?