For an item with high profit impact and low supply risk, what would be a likely procurement strategy to support the overall supply strategy?

• A.Exploit purchasing power and minimize cost.
• B.Form a strategic sourcing group.
• C.Ensure supply, even at a premium cost.
• D.Vertically integrate the supply chain.

Comment: *

Name: *

Email: *

Verification: *

Reverse supply chain activity typically peaks nearest the beginning of which of the following stages of the product life cycle?

• A.Decline
• B.Growth
• C.Introduction
• D.Maturity

Comment: *

Name: *

Email: *

Verification: *

Organizations that change from a traditional purchasing perspective to a supply chain perspective most likely will adopt techniques related to:

• A.product pricing.
• B.value stream analysis.
• C.centralized decision making.
• D.sourcing multiple suppliers.

Comment: *

Name: *

Email: *

Verification: *

Which of the following actions is most likely to improve the cash-to-cash cycle time?

• A.Find suppliers with lower total cost of ownership (TCO)
• B.Establish targeted promotions for the most profitable market segments
• C.Implement vendor-managed inventory (VMI) with key customers
• D.Implement vendor-managed inventory (VMI) with key suppliers

Comment: *

Name: *

Email: *

Verification: *

Compared to mass-media marketing, customer relationship management has the advantage of allowing the organization to:

• A.compete for customers based on service.
• B.reduce inventory to improve cash flow.
• C.focus on attracting new customers.
• D.reach a larger number of potential customers.

Comment: *

Name: *

Email: *

Verification: *