1. 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?
2. 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?
3. 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?
4. 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?