Bus 230 Wk 3 Quiz Chapter 2,3 - All Possible Questions

Front 1

BUS 230 WK 3 Quiz Chapter 2,3 - All Possible Questions
www.strtutorials.com

Back 1

BUS 230 WK 3 Quiz Chapter 2,3 - All Possible Questions



1. An effective supply strategy primarily focuses on linking:

a. current needs to current markets.
b. future needs to future markets.
c. current needs to future markets.
d. future needs to current markets.
e. current and future needs to current and future markets.
2. Organizational objectives and supply objectives typically are expressed:

a. differently, making it difficult to translate organizational objectives into supply objectives.
b. differently, providing the supply manager multiple opportunities to tap into organizational resources.

Front 2

BUS 230 WK 3 Quiz Chapter 2,3 - All Possible Questions

Back 2

c. the same (survival, growth, financial, and environmental), making it easy to translate organizational objectives into supply objectives.
d. the same factors (quality, quantity, price, delivery and service), but long-term at the organizational level and short-term at the supply level.
e. in ways that are very specific to the organization, making it difficult to convey objectives to suppliers.

3. Which one of the following is NOT one of the six major supply strategy areas:

a. competitive-edge strategies.
b. environmental-change strategies.
c. new-product design strategies.
d. risk-management strategies.
e. cost-reduction strategies.

Front 3

BUS 230 WK 3 Quiz Chapter 2,3 - All Possible Questions

Back 3

iii. make or buy.
iv. large or small inventories.
v. none of the above.
5. The key question in strategic supply management is:

a. How can supply strategy be kept separate from and equal to organizational strategy?
b. How can first tier suppliers contribute to the buying organization’s objectives and strategy?
c. How can first, second, third- and subsequent tiers of suppliers contribute to the buying organization’s objectives and strategy?
d. How can the supply manager develop a network of suppliers that contribute to the buying organization’s strategies and goals?
e. How can supply and the supply chain contribute effectively to organizational objectives and strategy?
6. Three major challenges exist when setting supply objectives and strategies: