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9 Cards in this Set
- Front
- Back
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Benefits of single sourcing include all of the following EXCEPT: |
Less supply risk. |
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Negotiation is typically used when: |
Early supplier involvement is needed in new product development. |
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Aspen Corporation has discovered that it uses 10 different suppliers for a particular type of item, has bought 20 different models of that item, and total expenditures last year for the item were $100,000. Aspen most likely is conducting: |
Spend analysis. |
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The process of understanding how a firm is spending its money and with which suppliers is called: |
Spend analysis. |
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Outsourcing is often a good choice when: |
A product is in the mature phase of the life cycle. |
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Williams Inc. has acquired software to help manage interactions with its supply base. This suggests that Williams Inc. is involved in: |
Supplier relationship management. |
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Competitive bidding is used when quality is the most important factor and specifications are unknown and there are few suppliers willing to compete. T or F? |
False
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The firm will incur costs each time it places a new order, for example, costs to inspect and refurbish tools for individual production runs. This is the issue of: |
Fixed costs per order |
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Unlike the situation for competitive bidding and online reverse auctions, negotiation is a better choice when there is: |
A need for early supplier involvement in product development |
