Test Bank for Purchasing and Supply Chain Management 6th Edition Robert Monczka



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Test Bank for Purchasing and Supply Chain Management 6th Edition Robert Monczka

Test Bank for Purchasing and Supply Chain Management 6th Edition Robert Monczka

Providing a solid managerial perspective, PURCHASING AND SUPPLY CHAIN MANAGEMENT, 6e draws from the authors’ firsthand experiences and relationships with executives and practitioners worldwide to present the most current and complete coverage of today’s supply management process. The text includes critical developments from the field, such as cases from emerging healthcare and service industries, procure-to-pay redesign, supply risk, innovation, sustainability, collaboration, and much more. Students examine key changes in supply management and the impact of the global economy and ongoing business uncertainty on continuous cost and value management across the supply chain. Numerous real-world cases and captivating examples help students gain contextual insights and knowledge into the strategies, processes, and practices of supply management–giving these future managers a thorough understanding of the impact that purchasing and supply chain management have on the competitive success and profitability of today’s organizations.

Additional ISBNs

1305833392, 9781305833395, 1305850262, 9781305449473, 9781305850262

Table of Content

Brief Contents
About the Authors
Part 1: Introduction
Ch 1: Introduction to Purchasing and Supply Chain Management
A New Competitive Environment
Why Purchasing is Important
Understanding the Language of Purchasing and Supply Chain Management
Achieving Purchasing and Supply Chain Benefits
The Supply Chain Umbrella-Management Activities
Four Enablers of Purchasing and Supply Chain Management
The Evolution of Purchasing and Supply Chain Management
Looking Ahead
Part 2: Purchasing Operations and Structure
Ch 2: The Purchasing Process
Purchasing Objectives
Strategic Supply Management Roles and Responsibilities
Improving the Procure-to-Pay Process
Approval, Contract, and Purchase Order Preparation
Types of Purchases
Ch 3: Purchasing Policy and Procedures
Policy Overview
Purchasing Policies-Providing Guidance and Direction
Purchasing Procedures
Ch 4: Supply Management Integration for Competitive Advantage
Integration: What is It?
Internal Integration
External Integration
The Critical Role of Cross-Functional Sourcing Teams
Integrating Supply Management, Engineering, and Suppliers to Develop New Products and Services
Potential Benefits of On-Site Supplier Representatives
Ch 5: Purchasing and Supply Management Organization
P/SM Organizational Structure
Location of Authority Centralized or Decentralized
Purchasing’s Position within the Organizational Structure
Scope of the Purchasing/Supply Management Job Function
Purchasing/Supply Management Job Tasks
Separating Strategic and Operational Purchasing
Using Teams as Part of the Organizational Structure
Supply Chain Management Structure
Future Trends in Organizational Design
Part 3: Strategic Sourcing
Ch 6: Category Strategy Development
Aligning Supply Management and Enterprise Objectives
What is a Category Strategy?
Category Strategy Development
Types of Supply Management Strategies
E-Reverse Auctions
Ch 7: Supplier Evaluation and Selection
The Supplier Evaluation and Selection Process
Identify Key Sourcing Requirements
Identify Potential Supply Sources
Use of Preferred Certified and Partnered Suppliers
Select Supplier and Reach Agreement
Key Supplier Evaluation Criteria
Management Capability
Employee Capabilities
Cost Structure
Total Quality Performance, Systems, and Philosophy
Process and Technological Capability
Sustainability and Environmental Compliance
Financial Stability
Scheduling and Control Systems
E-Commerce Capability
Supplier’s Sourcing Strategies, Policies, and Techniques
Longer-Term Relationship Potential
Developing a Supplier Evaluation and Selection Survey
Step 1: Identify Supplier Evaluation Categories
Step 2: Assign a Weight to Each Evaluation Category
Step 3: Identify and Weigh Subcategories
Step 4: Define a Scoring System for Categories and Subcategories
Step 5: Evaluate Supplier Directly
Step 6: Review Evaluation Results and Make Selection Decision
Step 7: Review and Improve Supplier Performance Continuously
Reducing Supplier Evaluation and Selection Cycle Time
Ch 8: Supplier Quality Management
Overview of Supplier Quality Management
Factors Affecting Supply Management’s Role in Managing Supplier Quality
Supplier Quality Management Using a Total Quality Management Perspective
Pursuing Six Sigma Supplier Quality
Using ISO Standards and MBNQA Criteria to Assess Supplier Quality Systems
Basic Contents of a Supplier Quality Manual
Ch 9: Supplier Management and Development: Creating a World-Class Supply Base
Supplier Performance Measurement
Rationalization and Optimization: Creating a Manageable Supply Base
Supplier Development: A Strategy for Improvement
Overcoming the Barriers to Supplier Development
Managing Supply Base Risk
Managing Sustainability in the Supply Base
Ch 10: Worldwide Sourcing
Globalization-Changing Supply Strategy in a Dynamic World Economy
Changing Global Dynamics Create Challenges
Worldwide Sourcing Timeline
Developing a Worldwide Sourcing Program
Moving to a Global Sourcing Philosophy
Part 4: Strategic Sourcing Process
Ch 11: Strategic Cost Management
A Structured Approach to Cost Reduction
Price Analysis
Cost Analysis Techniques
Building a Should-Cost Model
Total Cost of Ownership
Collaborative Approaches to Cost Management
Ch 12: Purchasing and Supply Chain Analysis: Tools and Techniques
Project Management
Learning-Curve Analysis
Value Analysis/Value Engineering
Quantity Discount Analysis
Process Mapping
Value Stream Mapping
Ch 13: Negotiation and Conflict Management
What is Negotiation?
The Negotiation Framework in Supply Management
Negotiation Planning
Power in Negotiation
Negotiation Tactics: Trying to Reach Agreement
Win-Win Negotiation
International Negotiation
Selected Countries
The Impact of Electronic Media on Negotiations
Ch 14: Contract Management
Elements of a Contract
How to Negotiate and Write a Contract
Types of Contracts
Fixed-Price Contract with Redetermination
Fixed-Price Contract with Incentives
Long-Term Contracts in Alliances and Partnerships
Nontraditional Contracting
Settling Contractual Disputes
Ch 15: Purchasing Law and Ethics
Legal Authority and Personal Liability of the Purchasing Manager
Contract Law
The Uniform Commercial Code
Patents and Intellectual Property
Other Laws Affecting Purchasing
Purchasing Ethics
Corporate Social Responsibility
Part 5: Critical Supply Chain Elements
Ch 16: Lean Supply Chain Management
Understanding Supply Chain Inventory
The Right Reasons for Investing in Inventory
The Wrong Reasons for Investing in Inventory
Creating the Lean Supply Chain
Six Sigma
Approaches for Managing Inventory Investment
Delivering the Perfect Customer Order
Ch 17: Purchasing Services
Transportation Management
Outsourcing Logistics to Third-Party Logistics Providers
Purchasing Services and Indirect Items
Sourcing Professional Services
Ch 18: Supply Chain Information Systems and Electronic Sourcing
Evolution of E-SCM Systems
An Overview of the E-Supply Chain
Drivers of New Supply Chain Systems and Applications
Internal Information Systems-Enterprise Resource Planning (ERP)
Purchasing Databases and Data Warehouses
Electronic Data Interchange (EDI)-Pioneering External Electronic Communication
E-Sourcing Basics
E-Sourcing Suites-General
E-Sourcing Suites-Supplier Relationship Management (SRM)
Internal and External Systems Integration
Information Visibility in SCM
Collaboration and Big Data
Ch 19: Performance Measurement and Evaluation
Purchasing and Supply Chain Performance Measurement and Evaluation
Purchasing and Supply Chain Performance Measurement Categories
Developing a Performance Measurement and Evaluation System
Performance Benchmarking: Comparing against the Best
A Summary of Purchasing Measurement and Evaluation Characteristics
Part 6: Future Directions
Ch 20: Purchasing and Supply Strategy Trends
Expanding the Mission, Goals, and Performance Expectations
Developing Category Strategies Will Become Broader and More Complex
Supplier Management across the Extended Supply Chain
Designing and Operating Multiple Customer-Focused Supply Networks
Leveraging E-System Technology Enablers Takes on Additional Focus
Collaborating Internally and Externally Will Grow in Strategic Importance
Attracting, Developing, and Retaining Supply Management Talent Will Become a Key Differentiator for
Managing and Enabling the Future Supply Management Organization and Measurement Systems
Twelve High-Impact Sourcing and Supply Chain Strategies for 2013-2018
Case 1: Avion, Inc.
Case 2: The Global Sourcing Wire Harness Decision
Case 3: Managing Supplier Quality: Integrated Devices
Case 4: Negotiation-Porto
Case 5: Purchasing Ethics
Case 6: Insourcing/Outsourcing: The FlexCon Piston Decision
Case 7: Email Exercise
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