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BUAD 331 Exam 2 (Knowledge Checks) Qs & As
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BUAD 331 Exam 2 (Knowledge Checks) Qs & As
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BUAD 331 Exam 2 (Knowledge Checks) Qs & Aswhat supplier management tool is the standard to continuously track a supplier's
performance and financial health and ensure that key goals are being met? Correct Ans-
scorecards
the key to effective procurement is __________ of suppliers and __________ management
Correct Ans-segmentation, strategically appropriate
which of the Krajlic's Portfolio Matrix items is highly complex in the supply market and has a
high importance of purchasing? Correct Ans-strategic items
supplier portfolio analysis was presented by Michael Porter (t/f) Correct Ans-false (Peter
Kraljic)
__________ is part of the supply chain involved in managing the forward and reverse flow
and storage of goods, services, and related information between the point of origin and the
point of consumption to meet customers' requirements Correct Ans-logistics
what invention by Malcolm McLean revolutionized how products are shipped and reduced
cost that is considered a key facilitator of global trade? Correct Ans-shipping containers
what mode of transportation is the biggest competition for an inland barge? Correct Ans-
rail
, BUAD 331 Exam 2 (Knowledge Checks) Qs & As
which mode is best for transporting heavy construction equipment? Correct Ans-rail
which mode is best for transporting consumer finished goods? Correct Ans-motor
which mode is best for transporting long distance containerized goods? Correct Ans-water
which mode is best for transporting high value goods? Correct Ans-air
which mode is best for transporting petroleum or mineral slurry? Correct Ans-pipeline
based on similar cost and service characteristics, which mode of transportation is the biggest
competition for an inland water transport? Correct Ans-rail
__________ + __________ = rate bargaining power when negotiating rates Correct Ans-
volume + consistency
carriers will offer better rates if clients give them revenue miles in __________ Correct
Ans-both directions
What warehouse activity includes identifying the location of the product required to fill an
order? Correct Ans-order picking
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