A main reason to choose a new supplier is because their expected performance is better than the existing supplier?  True  False

Which of the following increases supplier power? Group of answer choices Globalization Integrated supply chains Internet searching Intermediation

Outsourcing is the process of finding outside vendors and suppliers that provide professional help, parts, or materials at a lower cost; True or False

true or false Introducing pressure on internal suppliers is a motive for corporate venturing.

As a supply chain manager, would you rather have a supplier with a five days average lead time with a plus or minus three-day variance or supplier with a ten-day lead time that was plus or minus one day in its delivery?

Describe three situations in which a purchaser might select a supplier that is having financial difficulties. Explain your answer with examples from real-world situations, your experience, or examples discussed in the textbook.

The cost of monitoring and evaluating the performance of suppliers can be high. What arguments would you use to justify the expenditure on evaluating performance? What steps might you take to minimise such expenditure? What are the benefits to suppliers in you evaluating their performance?

Sometimes suppliers will not share cost data outright. As the purchaser you will have to utilize reverse price analysis, describe the formula and when would you use it?

The Concept of supply chain Management (SCM) emphasizes co-operation and collaboration among the firms within a given supply chain. The essence of this concept is that when the firms in a supply chain collaborate, it leads to a win-win situation, i.e all firms will gain. (Van Der Heijden, 2009). Discuss the implication and how this win-win situation can be achieved.

A 'strategic alliance' relationship is appropriate with multiple suppliers of low cost commodities like office supplies. Select one: A. True B. False