Global Procurement Management Q8

What was Boeing’s solution to problems with Vought and Alenia?

• Suing them
• Increasing price
• Re-acquiring their operations
• Shifting to Chinese suppliers

Which of the following is a strategic role of procurement?

• Reacting to supply failures
• Investment in ‘right first time’
• Ignoring supplier performance
• Outsourcing all supply functions

In the Cox model, which type of asset is human knowledge considered?

• Site asset
• Physical asset
• Human asset
• Dedicated asset

Which international law facilitates trade by harmonizing contracts?

• FCPA
• PECL
• CISG
• WTO

Negotiation involves ______ where both parties aim to reach an agreement.

• interaction
• delegation
• manipulation
• isolation

Which form is used to formally ask for a quote from suppliers?

• Statement of Work
• Purchase Order
• Bill of Lading
• Request for Quotation (RFQ

Which of the following is a reason for lack of success in innovation?

• Lack of R&D investment
• Overuse of automation
• Supplier dominance
• Lack of competition

Which of the following is used for face-to-face, interactive final supplier selection?

• Direct negotiation
• Reverse auction
• Online bidding
• RFP automation

Which of the following is NOT a challenge in global sourcing?

• Language barriers
• Currency fluctuations
• Supplier training
• Political instability

What percentage of the Dreamliner’s design work was outsourced?

• 0.3
• 0.65
• 0.75
• 0.45