Decide is whether to procure domestically-procure globally

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Reference no: EM132206959

1. T/F A company that stresses its supplier’s performance based on quantity and quality over all other attributes, is utilizing the assurance-of-supply strategy?

2. T/F According to the text, the management of supply function of a company may be able to provide data to identify risks to the company, but they can seldom develop actions to minimize those risks?

3. T/F According to the text, the actions of supply managers may impact the organization’s prestige both adversely or affirmatively.?

4. T/F According to the text, the three levels of strategic planning are: individual, function, and corporate.?

5. T/F Some operational risks in a supply chain are beyond the control of the purchaser or supplier, and some are within their control.?

6. T/F Strategies that are designed to anticipate and identify changes in the economy, the company, personal, statutes, regulations, and systems availability is called environmental-change strategies?

7. T/F Over the decades, there has been a greater significance placed on procurement transactions and less on strategic supply management processes?.

8. T/F According to the text, in many organizations, in order allow each functional group to assess its risk exposure and develop strategies to best manage these risks, there has been a general movement to separate risk management ?

9. T/F One way an organization could reduce the overall level of inventory would be if the supply managers were able to both identify and eliminate the key factors causing uncertainty and risk in the supply chain.

10. T/F A fundamental decision many organizations must decide is whether to procure domestically or procure globally?

Reference no: EM132206959

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