Purchasing & Supply Management

There are 9 steps to the purchasing & supply function.

What is the first step, and what is the final step?

• Development & description of a need.

• Choice of suppliers.

• Paying for the order.

• Closing the order.

Purchasing & supply activities must be done effectively, & has 9 control points. Which 3 of the 5 terms below is a control point?

• Employee skill.

• Supplier performance.

• Threats.

• Cost-saving.

• Workload.

There are 4 main factors of the purchasing & supply decision. What are they?

• 1. Quality.

  2. Supplier Service.

  3. Delivery.

  4. Price.

• 1. Quantity.

  2. Supplier Service.

  3. Transmission.

  4. Price.

• 1. Quality.

  2. Supplier products.

  3. Delivery.

  4. Presence of mind.

What is the best description for the just-in-time (JIT) system?

• Presentation of materials of the right quantity to the business in the week it is needed.

• Delivery of materials of the right quality to the business on the day it is needed.

• Delivering materials after each business cycle has concluded.

What is the best description for the efficient consumer response (ECR) system?

• Presentation of materials of the right quantity to the business in the week it is needed.

• Delivery of materials of the right quality to the business on the day it is needed.

• Timely, accurate & paperless flow of info, to eliminate costs.

What are the 2 determinants that affect the place of the purchasing & supply function?

• Product & place.

• Centralisation/ decentralisation, & hierarchical level.

• Consumer behaviour, & market categorisation.

Which of the activities listed below is a task of cross-functional sourcing teams?

• Negotiating corporate-wide purchasing agreements.

• Product selection.

• Developing profitability strategies.

Which term below describes the following statement the best?

"Right product, right time, for the right market."

• The supply chain.

• Inventory-holding.

• Marketing of Products.

Which 2 aspects are considered when deciding the "right quality"?

• The consumers & the organisational leaders.

• Employees, & leaders of a company.

• The organisational leaders, & end-users/ market.

• Engineers & designers, & end user &/or marketing function.

What does SABS stand for? The S_ A_ Bureau of S_.