Reference no: EM132298556
1. Good reasons to MAKE an item yourself rather than PURCHASE it from an outside supplier include the following EXCEPT ______.
To protect proprietary technology or processes.
It’s less expensive.
It’s your core competence.
2. When a restaurant owner purchases the farm where he buys his produce, he is engaging in ______________.
outsourcing.
vertical integration.
buyback.
off shoring.
strategic sourcing.
3. A decision making tool that is useful when selecting among alternative suppliers is __________.
Break-even Analysis.
Relationship Mapping.
Cost-benefit Analysis.
Center of Gravity Model.
Weighted Factor Rating Model.
4. DIRECT PROCUREMENT refers to purchasing ____________.
long term service contracts.
equipment for heating and cooling the facility.
items that are production related.
products that employees need to carry out their jobs..
It's what your competitors are doing.
You are unable to identify a qualified supplier.
5. We define OUTSOURCING as ___________.
buying another company.
contracting with an outside party to produce a product or provide a service for you.
combining assets with another company.
moving your production offshore.
6. TRUE or FLASE? With regard to manufacturing locations, recent trends for U.S. companies are towards NEAR SHORING and INSOURCING.
True.
False.