An organization is partnering with a supplier. The most appropriate tool to ensure that the supplier has the necessary capabilities is:

• A.a supplier-input-process-output-customer diagram.
• B.supplier certification.
• C.supplier relationship management.
• D.supplier performance evaluation.

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Which of the following outcomes is an expected benefit of effectively implementing supply chain event management software?

• A.Files are transferred from one corporation to another.
• B.Inventory data are captured in real time.
• C.Communication protocols between companies are standardized.
• D.Notifications of variances from plans are triggered.

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An effective procurement strategy for commodity products should focus on:

• A.driving down cost and reducing risk.
• B.spreading purchases equally across suppliers.
• C.selecting primary and alternate sources.
• D.selecting suppliers with value-added products.

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Which of the following conditions are most indicative of a company that is effectively managing its cash?

• A.Low accounts receivable, low inventory, high accounts payable
• B.High accounts receivable, low inventory, high accounts payable
• C.Low accounts receivable , high inventory, low accounts payable
• D.High accounts receivable, high inventory, low accounts payable

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The design process by which a firm structures and manages the supply chain to achieve optimization is called:

• A.logistical planning.
• B.network planning.
• C.smoothing.
• D.an information network.

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