Question Question 1 Which of the following is a reason for making a compo

Question 1

1. Which of the following is a reason for making a component rather than buying it?

   		Ensure alternate sources
   		Inadequate capacity
   		Obtain technical or managerial ability
   		Obtain desired quality

1 points 

Question 2

1. Keiretsu networks are Japanese companies that form a temporary supply chain as a trial before becoming one company that has achieved perfect vertical integration.

   True

   False

1 points 

Question 3

1. A producer decides to implement new quality procedures and send their engineers and production personnel to a supplier’s plant in order to train them on these new procedures. This activity takes place in the _________ stage of vendor selection.

   		training
   		negotiations
   		development
   		evaluation

1 points 

Question 4

1. The vendor selection stage that requires the development of evaluation criteria and the importance of each is

   		vendor evaluation.
   		logistics.
   		negotiations.
   		vendor development.

1 points 

Question 5

1. The supply chain suffers from distortions in the flow of inventory as a result of local optimization, incentives, and large lots.

   True

   False

1 points 

Question 6

1. Airfreight

   		represents only about 10% of the tonnage shipped in the United States.
   		is the oldest means of freight transportation.
   		is the best way to transport natural gas.
   		is the fastest-growing mode of shipping.

1 points 

Question 7

1. The greater the number of days of supply, the greater the rate of inventory turnover.

   True

   False

1 points 

Question 8

1. An unfilled order with a vendor that is a contract to purchase items but not an authorization to ship anything is known as

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