How Supply Management will Discover, Evaluate, Select, Develop and Manage a Viable Supplier Base

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Salvage in not a value considered in the total cost of ownership.

 

 

These questions consist of true and false, multiple choice and checking:

1.When deciding to make or buy an item in your/a manufacturing firm, which one factor would you consider most essential/important for each of the decisions?

  1. Make
  2. Buy

 

2.World class Supply Management requires supply management to develop a strategic sourcing plan that details how supply management will discover, evaluate, select, develop and manage a viable supplier base.

TRUE                          or                     FALSE

 

3.You are manufacturing a product and introducing it in an international (global) market. You would consider purchasing international supplies/materials to make it because: (check answers that apply)

materials that are superiorto expand customer base
timing/delivery schedulespersonal relationships
advanced technologylower costs
broad supply base

 

 

4.Salvage in not a value considered in the total cost of ownership.

TRUE                          or                     FALSE

 

5.Cost Analysis versus Price Analysis can be equally/directly compared to a person buying the materials to build a shed versus a prebuilt shed delivered site.

TRUE                          or                     FALSE

 

6.Types of contracts are directly related to risk and profit potential. The more risk taken by the buyer is with which type contract?

Cost Reimbursable                   or                     Fixed Price
 
 

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