SCM 186 Quiz 3 - Supply Chain Management With

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A response strategy requires suppliers be selected based primarily on

A.being willing to share information.

B.capacity, speed, and flexibility.

C.cost.

D.product development skills. - ANSWER B.capacity, speed, and flexibility.

What is a long-term purchase commitment to a supplier for items that are to be

delivered against short-term releases to ship?

A.blanket order

B.postponement

C.advanced shipping notice

D.drop shipping - ANSWER A.blanket order

What is developing the ability to produce goods or services previously purchased or

actually buying a supplier or a distributor?

A.virtual companies

B.vertical integration

C.outsourcing

D.horizontal integration - ANSWER B.vertical integration

Which of the following could reduce distribution risk?

A.secure IT systems

B.cross-country diversification