supplier selection – Hire Academic Expert

1. The text outlines a supplier selection and evaluation process that consists of ____ steps. a. 4 b. 5 c. 6 d. 7 12. What is the final step in the supplier selection and evaluation process? a. provide feedback b. select suppliers c. implement decision d. evaluate decision 13. Multiple sourcing uses more than one supplier in hopes of increased competition, improved market intelligence, and ____ a. greater supply risk mitigation b. lower costs per unit c. increased cooperation d. increased communication 14. Single sourcing consolidates purchase volume with a single supplier in hopes of increasing cooperation and communication in the supply relationship as well as ____. a. greater supply risk mitigation b. increased amounts of competition c. improved market intelligence d. lower costs per unit 15. Which of the following statements is false? a. supplier selection and evaluation generally involves multiple criteria b. the evolution of business practices and philosophies may require new supplier selection criteria c. selecting suppliers is the final step of the supplier selection and evaluation process d. some supplier selection criteria may be contradictory 16. Kraljic’s Portfolio Matrix ____. a. provides a framework for evaluating warehousing decisions b. is used by many managers to classify corporate purchases in terms of their importance and supply complexity c. allows managers to evaluate whether to add, or not add, product lines d. is synonymous with the total cost of ownership 17. Which of the following is not a category associated with Kraljic’s Portfolio Matrix? a. bottleneck b. leverage c. noncritical d. strategic e. all of the above are categories associated with Kraljic’s Portfolio Matrix 18. A degree of aggressive procurement involvement not normally encountered in supplier selection refers to ____. a. supply management b. supplier development c. materials management d. physical supply 19. Supplier development is synonymous with ____. a. supplier selection and evaluation b. procurement c. materials management d. reverse marketing 20. Which of the following is not a reason for why purchasers are adopting a more proactive and aggressive role in the procurement process? a. there are myriad inefficiencies associated with suppliers initiating marketing efforts towards purchasers b. achieving competitive advantage in the supply chain c. an excess number of suppliers currently exist d. purchasers may be aware of important benefits that are not known to the supplier e. all of the above are reasons