Question 1

Suppliers can gain power from a number of sources in the buyer / supplier relationship.When a supplier values identification with a buyer,this is called a(n)________ source of power.

Accepted Answer

Referent power is the ability to influence others based on being respected, admired or identified with. If a supplier values identification with a buyer, this can be seen as a form of referent power. Expert power comes from the supplier possessing more knowledge or expertise than the buyer, reward power comes from the ability to provide incentives or punishments, and legal power is based on the supplier's ability to use legal means to enforce contracts or agreements. None of these options directly relate to a supplier valuing identification with a buyer.

Question 2

________ is the awarding of a contract for an item or service to only one supplier.

Accepted Answer

The answer of ________ is the awarding of a contract...

Question 3

The practice whereby a manufacturer has inventories of materials on consignment from its suppliers falls under the scope of:

Accepted Answer

This practice is known as vendor-managed inventories, where the supplier maintains ownership of the materials until they are used by the manufacturer. The supplier is responsible for monitoring inventory levels and replenishing stock as needed.

Question 4

________ is the management of the acquisition process,which includes deciding which suppliers to use,negotiating contracts,and deciding whether to buy locally.

Accepted Answer

The answer of ________ is the management of the acquisition...

Question 5

Suppliers can gain power from a number of sources in the buyer / supplier relationship.When a buyer can threaten to cancel future business unless the supplier adheres to the buyer's demands,this is called a ________ source of power.

Accepted Answer

This is an example of coercive power, where one party can threaten or intimidate the other to comply with their demands. In this case, the buyer has the power to cancel future business if the supplier does not adhere to their demands, which is a form of coercive power.

Question 6

A systematic effort to reduce the cost or improve the performance of services or products is known as:

Accepted Answer

Value analysis is a systematic, structured approach to examining the function of products, processes or services in order to reduce costs while maintaining or improving performance. It involves analyzing the components, materials, and processes involved in providing a product or service, and looking for ways to reduce costs or improve quality without sacrificing performance. Presourcing, cooperative orientation, and supplier certification are not related to the systematic effort to reduce costs or improve performance.

Question 7

One of the benefits of a cooperative orientation in supplier relationships is:

Accepted Answer

A cooperative orientation in supplier relationships allows for open communication between the buyer and supplier, which can lead to the buyer providing suggestions for improving the supplier's operations. This can ultimately benefit both parties and lead to a more successful relationship. The other options (B, C, and D) are not benefits of a cooperative orientation in supplier relationships.

Question 8

________ is a supplier relation in which the buyer and seller are partners,each helping the other as much as possible.

Accepted Answer

The answer of ________ is a supplier relation in which...

Question 9

Examples of radio frequency identification (RFID)could include all of the following EXCEPT:

Accepted Answer

While RFID can be used in many different applications, tracking engineering changes during product development is not a common use case for RFID technology.

Question 10

Suppliers can gain power from a number of sources in the buyer / supplier relationship.When a buyer has access to knowledge,information and skills desired by the supplier,this is called a(n)________ source of power.

Accepted Answer

The access to knowledge, information and skills desired by the supplier gives the buyer an expert source of power. This means that the buyer has expertise in a specific area that the supplier values, and therefore has bargaining power in the relationship.

Question 11

Which one of the following statements is TRUE about a cooperative orientation in supplier relationships?

Accepted Answer

A cooperative orientation in supplier relationships requires few suppliers for each item or service to promote trust and collaboration between the supplier and the buyer. This approach allows for better communication, joint problem-solving, and cost-saving opportunities. It is not exclusive to any particular culture and can be implemented in both Western and non-Western countries. The other options are incorrect.

Question 12

Approaches to e-purchasing include all of the following EXCEPT:

Accepted Answer

The statement asks for the approach that is NOT included in e-purchasing, and that is radio frequency identification (RFID). The other options, such as catalog hubs, exchanges, and electronic data interchange (EDI), are all approaches to e-purchasing.

Question 13

What are some ways that supply chain partners can collaborate on product designs? How do these ways differ?

Accepted Answer

The answer of What are some ways that supply chain...

Question 14

________ are electronic marketplaces where buying and selling firms meet to do business,without protracted contract negotiations.

Accepted Answer

The answer of ________ are electronic marketplaces where buying and...

Question 15

________ is the condition where the buyer has purchasing power when the purchasing volume represents a significant share of the supplier's sales.

Accepted Answer

The answer of ________ is the condition where the buyer...

Question 16

Knoxville Industries had their supplier design the improved body armor for their new apparel.This level of supplier involvement,known as ________ was sure to result in a pain free season.

Accepted Answer

The answer of Knoxville Industries had their supplier design the...

Question 17

________ programs verify that potential suppliers have the capability to provide materials or services which the buying firms require.

Accepted Answer

The answer of ________ programs verify that potential suppliers have...

Question 18

________ is a systematic effort to reduce the cost or improve the performance of products and services,either purchased or produced.

Accepted Answer

The answer of ________ is a systematic effort to reduce...

Question 19

Which one of the following statements correctly represents a benefit of centralized buying?

Accepted Answer

Centralized buying allows for greater bargaining power and the ability to negotiate lower prices due to increased volume of purchases. This can result in significant savings in purchasing costs. Options A, B, and C are actually disadvantages of centralized buying as local managers may feel they have less control, difficulty in meshing purchases and production schedules, and limitations on customization to local preferences.

Question 20

Steve-O engaged in ________ by using only suppliers that recycled and managed their flow of environmental waste.

Accepted Answer

The answer of Steve-O engaged in ________ by using only...

Quiz 14: Supply Chain Integration

Suppliers can gain power from a number of sources in the buyer / supplier relationship.When a supplier values identification with a buyer,this is called a(n) ________ source of power.