- Define the concept of quality. Why should a firm try to reduce or eliminate its dependence on inspection? Why is this especially crucial for suppliers?
- Define the primary objective of a statement of work (SOW). Why is it important to differentiate between the primary and subordinate objectives when developing a statement of work; and how does the SOW affect the administration of the contract?
- Discuss why outsourcing is becoming increasing more prevalent. Discuss the meaning and application of “core competencies” in the make-or-buy decision process. What is the relationship between the make-or-buy decision and cycle time reduction?
- What are the primary justifications or reasons for global sourcing? What are the biggest risks in the procurement of foreign-made goods or products? How can the rate of currency exchange affect international procurements?