Which of the following will be MOST useful for measuring service quality?
At the beginning of each year, a large firm’s indirect procurement organization holds a brainstorming session. These sessions produce many great ideas and foster support among the procurement team. However, after a few years, support for the brainstorming sessions begins to diminish, and the projects discussed are pushed aside in order to deal with more pressing issues. In this situation, which of the following would be the BEST course of action to take?
UVX, Inc. is seeking suppliers of components to be used in a new heavy equipment product UVX is introducing in the marketplace. The firm conducts a market intelligence analysis and spend analysis to determine feasibility. These findings are reported to the company stakeholders, who decide to produce 25 units every two weeks. UVX issues a solicitation for bids and includes the stakeholders' requirements with the specifications.
At the close of the bidding process, UVX receives one offer that can deliver enough components to produce 15 units every four weeks. The remaining potential bidders decline altogether, citing an inability to meet UVX’s specifications.
Which of the following should UVX have done in order to ensure a better response to the solicitation?
Which of the following is a key requirement of xRP7
BCD Manufacturing's products have very high velocity. Accordingly, the firm is redesigning its warehouse to accommodate additionalimplement a system that
will allow its products to be stored in flexible locations, due to the high demand of different SKUs. This strategy should also allow the orgfeization to improve warehouse efficiency. In this situation, which of the following types of storage strategies should BCD employ?
A company that has never focused on supply management in the past is now faced with increasing competition from new, innovative products entering its market. As a result, the firm's business strategy includes an increased focus on cost containment. Given this situation, which of the following should the company do FIRST?
A supply manager is seeking to align the procurement function with the organization's business strategy and growth potential. Which of the following is the BEST initial course of action to take in this instance7
A vice president (VP) of supply management receives numerous complaints regarding the length of time it takes to receive products after they have been ordered. This has resulted in the company losing business due to late customer deliveries. Which of the following is the FIRST step the VP should take in order to address this issue?
A supply manager is responsible for the raw material supply to a manufacturing operation. After three months of successfully meeting key performance indicators (KPIs), the supply manager conducts a meeting with stakeholders—including engineers, manufacturing technicians, supply chain personnel, and finance team members—to solicit their feedback regarding the raw material supply chain. Which of the following quality management principles is the supply manager executing?
Which of the following buying strategies refers to planning inbound material purchases and flows without the need for significant inventory levels7