Global Sourcing and Materials Management
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Questions and Answers

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?

  • 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?

  • As external boundary spanners
  • As reliable business partners
  • As JIT experts
  • As adversaries in business (correct)

    • How has the Internet impacted global sourcing?

    <p>It has made it easier for buyers to search out new sources of supply</p> Signup and view all the answers

    What was the role of boundary spanners in an organization?

    <p>To deal with external entities</p> Signup and view all the answers

    What is a key characteristic that customers expect in the products and services they buy?

    <p>A fair price</p> Signup and view all the answers

    What sparked the first major change in the perspective of company managers?

    <p>The explosive growth in JIT concepts</p> Signup and view all the answers

    What was the primary goal of a purchasing agent in the past?

    <p>To negotiate the best financial and delivery conditions</p> Signup and view all the answers

    What is the primary goal of companies in terms of quality in today's competitive market?

    <p>To exceed customers' high expectations</p> Signup and view all the answers

    What type of agreements were often negotiated between companies and suppliers in the past?

    <p>Short-term contracts</p> Signup and view all the answers

    What are the factors that customers consider when evaluating a supplier?

    <p>Price, quality, delivery, and other characteristics</p> Signup and view all the answers

    What is the term for the minimum requirements that a supplier must meet to be considered a viable competitor?

    <p>Order qualifiers</p> Signup and view all the answers

    What is the primary advantage of the strategy shown in Figure 2.10?

    <p>Reduced costs associated with excess capacity</p> Signup and view all the answers

    What is a reason why a firm may choose to manufacture an item internally?

    <p>To maintain quality levels</p> Signup and view all the answers

    When deciding whether to manufacture or buy an item, what is an important consideration?

    <p>The firm's area of expertise</p> Signup and view all the answers

    What is a potential disadvantage of subcontracting?

    <p>Higher item costs</p> Signup and view all the answers

    Why might a firm choose to buy from a supplier?

    <p>To access special expertise in design and manufacture</p> Signup and view all the answers

    What is the purpose of evaluating the costs of different strategies?

    <p>To identify the most cost-effective strategy</p> Signup and view all the answers

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