Podcast
Questions and Answers
What was the primary focus of company managers in the past?
What was the primary focus of company managers in the past?
- Boundary spanners and JIT concepts
- Internal issues of their companies (correct)
- Maximizing profits from short-term agreements
- Suppliers, customers, and distributors
What is a major factor contributing to the increased use of worldwide sourcing?
What is a major factor contributing to the increased use of worldwide sourcing?
- Ineffective worldwide communication systems
- Limited access to global markets
- Relatively low-cost transportation and movement of materials (correct)
- Higher transportation costs
How were suppliers often viewed by purchasing agents in the past?
How were suppliers often viewed by purchasing agents in the past?
- As external boundary spanners
- As reliable business partners
- As JIT experts
- As adversaries in business (correct)
How has the Internet impacted global sourcing?
How has the Internet impacted global sourcing?
What was the role of boundary spanners in an organization?
What was the role of boundary spanners in an organization?
What is a key characteristic that customers expect in the products and services they buy?
What is a key characteristic that customers expect in the products and services they buy?
What sparked the first major change in the perspective of company managers?
What sparked the first major change in the perspective of company managers?
What was the primary goal of a purchasing agent in the past?
What was the primary goal of a purchasing agent in the past?
What is the primary goal of companies in terms of quality in today's competitive market?
What is the primary goal of companies in terms of quality in today's competitive market?
What type of agreements were often negotiated between companies and suppliers in the past?
What type of agreements were often negotiated between companies and suppliers in the past?
What are the factors that customers consider when evaluating a supplier?
What are the factors that customers consider when evaluating a supplier?
What is the term for the minimum requirements that a supplier must meet to be considered a viable competitor?
What is the term for the minimum requirements that a supplier must meet to be considered a viable competitor?
What is the primary advantage of the strategy shown in Figure 2.10?
What is the primary advantage of the strategy shown in Figure 2.10?
What is a reason why a firm may choose to manufacture an item internally?
What is a reason why a firm may choose to manufacture an item internally?
When deciding whether to manufacture or buy an item, what is an important consideration?
When deciding whether to manufacture or buy an item, what is an important consideration?
What is a potential disadvantage of subcontracting?
What is a potential disadvantage of subcontracting?
Why might a firm choose to buy from a supplier?
Why might a firm choose to buy from a supplier?
What is the purpose of evaluating the costs of different strategies?
What is the purpose of evaluating the costs of different strategies?
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