1. Which is not a best practice for the successful application of the Stage-Gate process?
a. Define roles
b. Celebrate successes too early
c. Make sure the company culture is amenable to the initiative
d. Communicate and measure expectations to drive behavior
e. Make sure sufficient resources are available to carry out the initiative
2. What organization developed the Stage-Gate Process?
a. The Product Development Institute
b. The Institute for Supply Management
c. The American Society for Quality
d. INFORMS
e. The American Society of Value Engineers
3. Walmart practices VMI as part of which model?
a. The consignment model
b. The retail link model
c. The early supplier involvement model
d. The competitive pricing model
e. The co-located supplier model
4. When is early supplier involvement in NPD most beneficial and highly recommended?
a. Proven processes or technologies exist
b. Technology is stable
c. The supplier has an incompatible culture or operating philosophy
d. The supplier possesses key technical insight to improve component functionality
e. There is a lack of trust in the buyer-supplier relationship
5. Which is the least intense form of supplier integration?
a. Collaborative forecasting
b. Vendor managed inventory
c. Insourced warehousing
d. Early supplier involvement in NPD
e. Supplier-integrated manufacturing
6. Which is generally not a benefit experienced by retailers participating in VMI?
a. Fewer stock outs
b. Slower inventory turns
c. More timely replenishment
d. Lower labor costs
e. Improved cash flow over time
7. What is the customer mantra that purchasing organzations strive to fulfill these days?
a. Slower, prettier, cheaper
b. More accurate, better, louder
c. Faster, greater, better
d. Faster, better, cheaper
e. More innovative, more expensive, more durable
8. Which of the following is the type of supplier integration where suppliers establish manufacturing facilities closeby?
a. Collaborative forecasting
b. Vendor managed inventory
c. Insourced warehousing
d. Early supplier involvement in NPD
e. Supplier-integrated manufacturing
9. Which company served as an example of the effects of poor synchronization of supplier involvement?
a. Volkswagen
b. Boeing
c. Apple
d. Dell
e. Walmart
10. Which of the following would not be a reason to implement VMI?
a. You can focus on more important things
b. You become dependent on your supplier and lose control
c. The supplier may actually do a better job than you in managing your inventory
d. If the supplier charges a fee for VMI, this fee is negligible
e. Point-of-sales data can easily be shared with the supplier