A sourcing strategy in which two suppliers are used for the same purchased product or service is:
Question 1A sourcing strategy in which two suppliers are used for the same purchased product or service is:
multisourcing.
contingency sourcing.
dual sourcing.
cross sourcing.
Question 2Portfolio analysis begins with assignment to a quadrant before a sourcing strategy is formulated.
True
False
Question 3Qualitative forecasts are used when there is plenty of relevant data.
True
False
Question 4For the average manufacturer, over 50 percent of the value of shipments comes from materials.
True
False
Question 5The analyst turned on his banker’s lamp, adjusted his eye shade, and slowly pulled a legal pad from his desk. His weathered hands punched the buttons on his desk calculator deliberately as he divided earnings by total assets in order to calculate:
profit margin.
merchandise inventory.
cost of goods sold.
return on assets.
Question 6Single sourcing is a better choice than multiple sourcing from the perspective of:
access to the supplier’s design and engineering capabilities.
spreading risk.
ensuring that a supplier will not become complacent.
increased competition.
Question 7A firm’s demand data from the last two quarter is displayed in the table. Use a three period weighted moving average with Wt=0.7, Wt-1=0.2, and Wt-2=0.1 to forecast demand for July.
Month Demand
January 154
February 148
March 214
April 180
May 225
June 246
180.4
158.8
195.6
235.2
Question 8The ratio of earnings to sales for a given time period is a firm’s profit margin.
True
False
Question 9The Delphi method, panel consensus forecasting, and market surveys are all qualitative methods, but only market surveys do not use experts.
True
False
Question 10The use of supply chain partners to provide products or services is called:
partnering.
offloading.
insourcing.
outsourcing.
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