Corporate Strategic Initiatives and Purchasing Activities
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Questions and Answers

Which of the following is NOT included in the acquisition segments?

  • Capital
  • Resale
  • Human resources (correct)
  • Raw materials

Which of the following is NOT listed as a responsibility of the supply chain?

  • Forecasting and planning
  • Inventory control
  • Purchasing research
  • Marketing campaigns (correct)

What does meaningful involvement in the supply chain imply?

  • Only acting as a recorder
  • Exclusion from the purchasing process
  • Parties consider supply's input in managing their responsibilities (correct)
  • Limited role for supply professionals

What type of involvement requires the supply function to act as a recorder or sender of purchase orders?

<p>Documentary involvement (C)</p> Signup and view all the answers

Which of the following is not a category under supply’s roles and responsibilities?

<p>Product development (D)</p> Signup and view all the answers

'Standard and special direct purchases' fall under which acquisition segment?

<p>Raw materials (D)</p> Signup and view all the answers

What is the main purpose of co-locating suppliers within the buying organization?

<p>To improve buyer-seller communications and processes (B)</p> Signup and view all the answers

What is the main function of supplier councils?

<p>To facilitate coordination among business units (B)</p> Signup and view all the answers

What is the key focus of supply councils in organizations?

<p>Sharing information among decentralized units (D)</p> Signup and view all the answers

Why is it important for supply to be organized for customer satisfaction rather than individual functional success?

<p>To ensure a common compelling purpose and measurable goals (B)</p> Signup and view all the answers

How do teams benefit from shared leadership roles?

<p>By promoting collaboration and shared decision-making (C)</p> Signup and view all the answers

What do supportive organizational culture, structure, and systems contribute to teams?

<p>Fostering a conducive environment for team success (C)</p> Signup and view all the answers

Which of the following is NOT considered a major strategic corporate initiative according to the text?

<p>Inventory control (A)</p> Signup and view all the answers

What do cross-functional supply teams consist of?

<p>Personnel from multiple functions (C)</p> Signup and view all the answers

In the context of supply teams, what is the purpose of ongoing teams?

<p>Continuing indefinitely (B)</p> Signup and view all the answers

What is an example of an involvement in corporate activities?

<p>E-commerce (C)</p> Signup and view all the answers

Which of the following is NOT a type of supply team mentioned in the text?

<p>Technology teams (D)</p> Signup and view all the answers

What is a common responsibility of supply chain management?

<p>Forecasting and planning (D)</p> Signup and view all the answers

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