Supplier Management and Development: Chapter 9 Quiz

Sharing latest technology, providing incentives for improved performance, promoting competition, providing training and development for suppliers’ personnel

To determine the optimal number and quality of suppliers in the supply base, often involving eliminating incapable suppliers and adding new ones.

Development of supplier evaluation and measurement systems, elimination of marginal and small volume suppliers, replacement of good suppliers with better-performing ones, initiation of supplier development projects

<p>Reduction of supply-base risk, lower supply-base administrative costs, lower total product cost, ability to pursue complex supply management strategies</p> Signup and view all the answers

<p>By carefully selecting suppliers, developing collaborative working relationships, reducing variability in performance, and increasing consistency in quality</p> Signup and view all the answers

<p>Refers to any activity by a buyer to improve a supplier’s performance or capabilities to meet the buyer’s short and long-term needs.</p> Signup and view all the answers

<p>Removing them from the supply base should only be considered if they fail to meet requirements continuously.</p> Signup and view all the answers

<p>An optimized supply base provides advantages such as reduced costs, improved quality, and increased innovation.</p> Signup and view all the answers

<p>The risks of maintaining few suppliers include increased vulnerability to supply chain disruptions and limited access to specialized expertise.</p> Signup and view all the answers

<p>Most companies would rather develop suppliers’ capabilities first before considering their removal from the supply base.</p> Signup and view all the answers

<p>International Purchasing and Global Sourcing</p> Signup and view all the answers

<p>Lower cost, access to world-class technology, better quality</p> Signup and view all the answers

<p>Commercial purchase transaction between buyer and supplier in different countries</p> Signup and view all the answers

<p>Sourcing goods and services from the international market</p> Signup and view all the answers

<p>Language barriers, cultural differences</p> Signup and view all the answers

<p>Supply disruption, inflation within home markets, declining domestic supply base, rapidly changing currency exchange rates, sudden emergence of worldwide competitors</p> Signup and view all the answers

<p>Transportation, duties/tariffs/taxes, insurance premiums, customs broker fees, communication costs, port terminal and handling charges</p> Signup and view all the answers

<p>Lack of knowledge and skills, resistance to change, longer lead times, different business customs, language, and culture, currency fluctuations, increased supply risks</p> Signup and view all the answers

<p>Letters of Credit, Multiple Bills of Lading, Dock Receipts, Import Licenses, Certificates of Origin, Certificates of Insurance Coverage</p> Signup and view all the answers

<p>Ordinary CO and Preferential CO</p> Signup and view all the answers