These types of measures quantify supplier performance at the time work is completed. Examples include on-time delivery and number of rejects.
What are "Direct Measures" of supplier performance.
100
This type of supplier evaluation includes the assessment of the supplier by internal users and others anywhere in the buying organization where supplier contact takes place.
What is an "Informal Evaluation"
100
The first and oldest reason for international trade is ______.
What is "Domestic sources were/are unavailable"
100
Performance, Features, and Reliability are three of the eight dimensions of this.
What is "Quality"
Chapter 7
200
NAFTA
What is the "North American Free Trade Agreement"
200
When ranking suppliers, this type of ranking applies to suppliers who fail to meet operational and strategic needs of the buying organization.
Who are "Unacceptable Suppliers"
200
This type of semi-formal evaluation tool is a regular, annual discussion between top executives in the buying and selling organization.
What is the "Executive Roundtable Discussions"
200
This is a key reason why overall costs for products are lower globally
What are "Labor Costs"
200
A Japanese term for Continuous Improvement is
What is "Kaizen"
300
UCC
What is the "Uniform Commercial Code"
300
This type of payment method which the supplier might insist on guarantees that the bank will pay the agreed-on amount when all prescribed conditions, such as delivery, are met.
What is a "Letter of Credit".
300
This type of supplier rating approach attempts to track actual performance over time.
What is a "Formal" evaluation.
300
Import tariffs, foreign exchange premiums and foreign taxes are all examples of this type of cost when sourcing globally.
What are "Hidden Costs"
300
The ___ ____ __ _________ includes all relevant costs such as administration, follow-up, expediting, transportation, warranty, etc.
What is the "TCO"
400
FTZ
What is a "Foreign Trade Zone"
400
This is a schedule of duties (charges) imposed on the value of the good imported into a country.
What is a "Tariff"
400
This type of supplier ranking meets all operational and some of the strategic needs of the buying organization.
What is a "Preferred Supplier"
400
This is a fancy term for a barter agreement.
What is "Countertrade"
400
From a strategic perspective, what can be gained from the suppliers an organization has developed and its supply systems and supplier relations.
What is a "Significant Competitive Edge"
500
WTO
What is the "World Trade Organization".
The international organization overseeing the multilateral trading system.
500
This is a uniform set of rules to clarify the costs, risks and obligations of buyers and sellers in an international commercial transaction.
What are "INCOTERMS". International Commercial Terms
500
Customer satisfaction depends on _______ _________ .
What is "Supplier Performance"
500
In this type of agreement, the selling firm agrees to set up a producing plant in the buying country or to sell the country capital equipment and/or technology.