GSCM 440 Week 6 Quiz

GSCM 440  Week 6 Quiz | Devry University

Week 6: Quiz

Question 1

Why should an organization switch from making to buying?  

·         Make is typical less expensive,  

·         make is faster implementation    

·         buy is faster implementation and often has been tested

  

 Question 2

What is outsourcing?  

·         keeping the function in house    

·         going outside to have another firm support the process  

·         is a core competence

 

 Question 3

Why would an organization outsource its logistics?  

·         Better pricing  

·         utilize expertise in the field,    

·         both A and B  

 

 Question 4

How could a quality philosophy be applied to a supply department?

 

Question 5

Why was Deming so insistent on single sourcing?

 

Question 6

What does it mean if a supplier is ISO 9000 certified? ISO 14000 certified?  

·         Certified internationally    

·         respect of potential vendors  

·         no value to supplier

 

·         both A and B

 

 

Question 7

Why is it expensive to carry inventories?  

·         inventory is not wasteful  

·         inventory does not take up physical space   

·         Inventory carries a cost of holding expense

 

 Question 8

What is a Kanban and why is it used?  

·         A card to give direction to pull materials through the system  

·         Inventory  

·         a manufacturing plan  

 

 Question 9

What is JIT?  

·         A sign or light to provide direction  

·         An inventory method the relies on forecasting to lower inventory levels  

·         a Quality management certification correct

  

Question 10

Why is the make or buy decision considered strategic?  

·         Strategic is short term,  

·         make or buy has no impact on the bottom line   

·         Make or buy can be long term and impact the companies bottom line in both the near term and longer term