OMGT 5013 - Quiz Ch 15

Flashcards by , created over 3 years ago

Sourcing Decisions in a Supply Chain

Created by hahokans over 3 years ago
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Question Answer
A contract that allows a retailer to return unsold inventory up to a specified amount, at an agreed upon price is a ? buyback or returns contract.
The procurement process for both direct and indirect materials should work on what? consolidation of orders to take advantage of economies of scale and quantity discounts.
The purpose of having multiple suppliers for a product is to ? 1. ensure a degree of competition. 2. ensure the possibility of a backup should a source fail to deliver.
Supplier performance should be compared based on what? their impact on total cost
Supplier characteristics such as lead time, reliability, quality, and design capability that impact the total cost of doing business with a supplier should be considered during the process of what? supplier scoring and assessment