Management > EXAM > Management 460 Chapters 1 and 2 | 70 Questions with 100% Correct Answers | Verified (All)

Management 460 Chapters 1 and 2 | 70 Questions with 100% Correct Answers | Verified

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Which of the following is not one of the features of the new model of progressive purchasing? - ANS - Focusing primarily on price analysis and short term contracts. Which of the following is not one... of the factors driving an emphasis on supply chain management? - ANS - An increasing emphasis on domestic sourcing due to the longer lead times and higher levels of pipeline inventories associated with global sourcing. . ____ is a functional group (i.e., a formal entity on the organizational chart as well as a functional activity (i.e., buying goods and services). - ANS - Purchasing The ____ is a change index, and generally a rating over 50 indicates that the economy is expanding. - ANS - ISM Report on Business According to the Institute for Supply Management, ____ is the identification, acquisition, access, positioning, and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives. - ANS - supply management Instead of adversarial relationships which characterize ____, ____ features a long-term win-win relationship between a buying company and specially selected suppliers. - ANS - traditional purchasing....supply management [Show More]

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