QUESTION: 265

Which of the following strategies is most appropriate for managing unknown risks in a global supply chain?

Vertical integration
Technology integration with suppliers
Investing in redundancy
Strengthening supplier relationships

Answer(s): C

QUESTION: 266

Which of the following performance indicators can be used to measure the effectiveness of a vendor-managed inventory program?

Number of inventory receipts
Inventory usage
Inventory returns
In-stock rate

Answer(s): D

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QUESTION: 267

Which of the following statements best identifies the value of using a supplier rating system?

It provides an objective means for a company to determine outstanding suppliers.
It allows customers to post chargebacks to suppliers.
It offers a company an effective way to control suppliers' delivery processes.
It ensures that all suppliers are using the same quality standards to manufacture products.

Answer(s): A

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A company recently implemented a new supplier rating system. Data was collected from the enterprise resources planning system about each vendor's rating for cost, quality, and delivery over 12 months. A cutoff point was established for poor performers. The responsible purchasing agent then scheduled meetings with each supplier.
Which of the following actions is most appropriate to take with suppliers whose ratings were below the cutoff point?

Discuss ways to raise the ratings for the next review period.
Tell the suppliers they are on probation for 3 months.
Immediately cancel outstanding contracts with those suppliers.
Ask the suppliers to explain the poor performance.

Answer(s): A

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QUESTION: 265

QUESTION: 266

QUESTION: 267

QUESTION: 268