GSCM 440 Week 3 Quiz

GSCM 440  Week 3 Quiz | Devry University 

Question 1

What kinds of decisions does a typical supply manager make?  

·         Strategic 

·         operational  

·         both A and B  

 Question 2

Differentiate between purchasing, procurement, materials management, logistics, supply management, and supply chain management.

Question 3

How can the expectations of supply differ for private versus public organizations?

Question 4

What role can (should) supply play in determining a firm’s strategy in the area of social issues and trends?

Question 5

What are the levels of a Strategic Plan  

·         Corporate, Business Unit, Function  

·         Quality Management  

·         Managing Inventory

Question 6

What are the challenges faced by a supply manager working in a highly centralized structure? In a highly decentralized structure?

Question 7

What are some advantages of centralization of your supply structure?  

·         Strategic focus  

·         Lack of business unit focus  

·         excessive cost  

·         No answer text provided.

 Question 8

What are examples of steps in a robust supply management process?  

·         Large number of items  

·         Need for an Audit Trail    

·         recognition of need    

·         A and B correct

 Question 9

When would you issue an RFQ rather than an RFP and why?  

·         RFQ has a clear description of need  

·         RFP is more complex  

·         RFQ is more standardized    

·         all of the above

 Question 10

What should be considered before switching from an existing EDI system to a Web-based system?