Partnerships and chain power in Purchasing and Supply Chain Management MCQs
Partnerships and chain power in Purchasing and Supply Chain Management MCQs
Try to answer these Partnerships and chain power in Purchasing and Supply Chain Management MCQs and check your understanding of the Partnerships and chain power in Purchasing and Supply Chain Management subject.
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1: The limitation of contentment with the relationship is known as satisfaction
A. True
B. False
2: _____ is a type of interaction that goes beyond the length of time it takes for one discrete transaction
A. Special influence transaction
B. Quality function deployment (QFD)
C. Statistical process control (SPC)
D. None of these
3: What is chain power in supply chain management?
A. The ability of a single entity to control and dominate the entire supply chain
B. The collaborative power of supply chain partners working together to achieve common goals
C. The concentration of power in the hands of suppliers or customers within the supply chain
D. The use of coercive tactics to gain leverage over suppliers or customers
4: What is the purpose of partnerships in supply chain management?
A. To maximize individual profits and gain a competitive advantage
B. To foster long-term relationships and mutual benefits among supply chain partners
C. To eliminate competition and establish a monopoly in the market
D. To exert dominance and control over other partners in the supply chain
5: Which of the following is a characteristic of collaborative partnerships in supply chain management?
A. Information hoarding and lack of transparency among partners
B. Shared risks, rewards, and decision-making
C. Dependence on a single dominant partner in the supply chain
D. Exploitative practices and unfair bargaining power
6: What is the significance of trust in supply chain partnerships?
A. Trust is irrelevant in supply chain relationships
B. Trust fosters cooperation, open communication, and knowledge sharing among partners
C. Trust leads to increased competition and conflict among partners
D. Trust increases the power and control of one partner over others
7: What is the role of power asymmetry in supply chain partnerships?
A. To promote fairness and equality among partners
B. To ensure a balance of power and avoid dominance by a single partner
C. To create an advantage for one partner over others
D. To establish strict hierarchical relationships among partners
8: How can collaborative partnerships contribute to supply chain performance?
A. By minimizing communication and information sharing among partners
B. By aligning goals, sharing resources, and enhancing supply chain efficiency
C. By enforcing strict contractual agreements and penalties
D. By maintaining a competitive environment and discouraging collaboration
9: Which of the following is a strategy for managing power in supply chain partnerships?
A. Imposing unilateral decisions and control over partners
B. Establishing open and transparent communication channels
C. Limiting the information shared with partners to gain an advantage
D. Encouraging dependence on a single partner within the supply chain
10: What is the purpose of collaborative planning, forecasting, and replenishment (CPFR) in supply chain management?
A. To minimize the need for forecasting and replenishment activities
B. To enhance coordination, visibility, and synchronization of supply chain activities
C. To create power imbalances and leverage over partners
D. To reduce the number of partners in the supply chain for simplicity
11: How can information sharing contribute to effective supply chain partnerships?
A. By maintaining information asymmetry and control over partners
B. By improving coordination, responsiveness, and decision-making
C. By limiting collaboration and focusing on individual performance
D. By centralizing information within a single partner's control
12: What is the role of negotiation in managing supply chain partnerships?
A. To enforce dominance and control over partners
B. To find mutually beneficial solutions and resolve conflicts
C. To exploit weaker partners and maximize individual gains
D. To establish strict contractual terms and conditions
Partnerships and chain power in Purchasing and Supply Chain Management MCQs
