Corporate Strategic Initiatives and Purchasing Activities

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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?

Documentary involvement Signup and view all the answers

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

Product development Signup and view all the answers

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

Raw materials Signup and view all the answers

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

To improve buyer-seller communications and processes Signup and view all the answers

What is the main function of supplier councils?

To facilitate coordination among business units Signup and view all the answers

What is the key focus of supply councils in organizations?

Sharing information among decentralized units Signup and view all the answers

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

To ensure a common compelling purpose and measurable goals Signup and view all the answers

How do teams benefit from shared leadership roles?

By promoting collaboration and shared decision-making Signup and view all the answers

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

Fostering a conducive environment for team success Signup and view all the answers

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

Inventory control Signup and view all the answers

What do cross-functional supply teams consist of?

Personnel from multiple functions Signup and view all the answers

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

Continuing indefinitely Signup and view all the answers

What is an example of an involvement in corporate activities?

E-commerce Signup and view all the answers

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

Technology teams Signup and view all the answers

What is a common responsibility of supply chain management?

Forecasting and planning Signup and view all the answers