INF 336 Week 1 Quiz | Assignment Help | Ashford University
- ashford university / INF 336
- 26 Aug 2020
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INF 336 Week 1 Quiz | Assignment Help | Ashford University
Question 1
Reductions in inventory
investment primarily come from getting users to reduce their demand for
inventoried items.
o
True
o
False
Question 2
Close to 70 percent of
the value of any given requirement is established when needs are recognized and
described. Therefore, the following functions should work together during need
recognition and description:
o
the primary user and specifier.
o
the primary user and supply.
o
the primary user, design engineering and
supply.
o
the primary user, design engineering,
supply and accounting.
o
the primary user, design engineering,
supply and all other relevant functional areas such as accounting/finance,
marketing and operations.
Question 3
Environmental-change
strategies are designed to anticipate and recognize shifts in the natural world
that affect supply availability.
o
True
o
False
Question 4
Supply makes a limited
contribution to organizational risk management since most supply decisions have
few downside risks that might impact the organization’s strategy.
o
True
o
False
Question 5
The organizational
structure (centralized, decentralized, or hybrid) of the supply function:
o
has little influence on supply
processes, internal cross-functional relationships, or the procedures and
systems employed.
o
influences supply processes, internal
cross-functional relationships, and the procedures and systems employed.
o
influences supply processes, but not
internal cross-functional relationships, or the procedures and systems
employed.
o
influences internal cross-functional
relationships, and the procedures and systems employed, but not supply
processes.
o
influences the procedures and systems
employed, but not supply processes or internal cross-functional relationships.
Question 6
Assurance-of-supply
strategies emphasize quality over all other considerations.
o
True
o
False
Question 7
Supply managers may be
able to provide information to identify risks to the organization and they can
develop strategies to mitigate those risks.
o
True
o
False
Question 8
Since labor and other
costs greatly exceed outlays for purchased materials and services in most
service organizations, supply is of little consequence in most service
organizations.
o
True
o
False
Question 9
Linking supply strategy
to corporate strategy is:
o
essential only in manufacturing, and
most have the mechanisms to link them..
o
essential only in the service sector,
and most lack the mechanisms to link them.
o
essential in all organizations, and most
have the mechanisms to link them.
Correct!
o
essential in all organizations, and many
lack the mechanisms to link them.
o
non-essential in most types of
organizations.
Question 10
Three major challenges
exist when setting supply objectives and strategies:
adopting efficient
electronic transaction systems, designing effective strategic supply processes,
and increasing internal compliance with both.
o
Effectively interpreting corporate and
supply objectives, selecting appropriate actions to achieve objectives, and
integrating supply information into organizational strategies.
o
Hiring professionals educated
specifically in supply management, providing them with technical expertise, and
developing leadership skills for the long-term.
o
Emphasizing strategic cost management,
involving key suppliers early in the process, and measuring the reduction in
total cost of ownership.
o
Identifying internal stakeholders,
building consensus among these stakeholders, and selling top management on the
results.
USA 
India