Introduction to Supply Chain Management Essay

1. tally to the text, key ingredients for developing successful supply partnerships include all of the pastime EXCEPT a. Personal relationships b. Individualized objectives c. Mutual benefits and needs d. Performance metrics 2. The combination of the purchase price of a good and additional cost incurred before or after product delivery can be referred to as a. Total cost of acquisition b. Total cost of self-control c. Purchase requisition cost d. Total procurement cost 3. Benefits of implementing an potent supplier certification program include all or the succeeding(a) EXCEPT a. Building long-term relationships b. Reducing time spent on incoming inspectionsc. Increasing supplier base d. Recognizing excellence 4. A guild using a weighted-criteria evaluation system has established these 5 categories and the attach weight in parentheses Quality (0.30) Responsiveness (0.20) Delivery (0.20) Cost (0.20) engine room (0.10) Company X received the following ratings in each of the qu int categories Quality(90), Responsiveness(80), Delivery(80), Cost(90), Technology(90). What is their total score? a. 87.0 b. 85.5 c. 86.0 d. 84.0 5. SRM software should be capable of a. Automating transactional processes b. Making tuition flow between partners more visible c. Integration of the supply mountain chain making it possible to monitor multiple departments and processes both internally and externally